Nigeria’s anti-graft agency, the EFCC, has commenced a full investigation into the controversial digital trading platform CBEX, which allegedly vanished with investors’ funds estimated at over N1.3 billion.
Speaking on Tuesday, EFCC spokesperson Dele Oyewale confirmed that the commission is coordinating with INTERPOL to track down the individuals behind the now-defunct platform, which reportedly targeted thousands of Nigerian investors.
According to Oyewale, the EFCC had already been scrutinizing CBEX’s activities before its abrupt disappearance.
Following the crash, scores of victims have flooded social media with complaints, while others reportedly raided the company’s office in Lagos after it was abandoned.
“We’re on top of the situation,” Oyewale assured. “We’re coordinating with other regulatory institutions and international partners to ensure that those responsible are held accountable.”
He further mentioned that similar fraudulent investment schemes are under surveillance, as the commission works to uncover other deceptive financial operations across Nigeria.
Oyewale also cautioned Nigerians against hastily investing in financial companies without confirming their legitimacy through appropriate bodies like the Central Bank and the SEC.
He encouraged potential investors to always conduct proper checks before committing funds.