By Abiola Olawale
The Economic and Financial Crimes Commission (EFCC) has declared eight individuals wanted in connection with an alleged N1.3 trillion fraud linked to the collapsed Crypto Bridge Exchange (CBEX) scheme, a digital investment platform.
The EFCC announced in a public notice listing the suspects as Seyi Oloyede, Emmanuel Uko, Adefowora Oluwanisola, and Adefowora Abiodun Olaonipekun.
Others named as their foreign accomplices are Johnson Otieno, Israel Mbaluka, Joseph Kabera, and Serah Michiro, whom the EFCC declared wanted.
“The public is hereby notified that the persons whose photographs appear above are wanted by the Economic and Financial Crimes Commission (EFCC) for fraud allegedly perpetrated on an online trading platform called Crypto Bridge Exchange (CBEX),” the EFCC said in the notice.
This comes after the Federal High Court in Abuja granted the EFCC’s request to arrest and detain persons found promoting the CBEX scheme.
Justice Emeka Nwite issued the order following submissions by the counsel to the EFCC, Fadila Yusuf.
It would be recalled that the anti-graft agency had approached the Federal High Court seeking to prosecute those involved in what has been described as a fraudulent Ponzi scheme operated through CBEX.
Recall that the platform collapsed in April 2025, wiping out over N1.3 trillion from investors’ wallets, leaving thousands of Nigerians devastated.
