The Economic and Financial Crimes Commission (EFCC) is still working to recover funds linked to the collapsed CBEX Global Investment scheme, a Ponzi scheme that left many investors stranded.
The scheme, which collapsed in April, affected over 600,000 Nigerians who lost approximately N1.3 trillion.
The EFCC’s Head of Media and Publicity, Dele Oyewale, confirmed that recovery efforts are ongoing, but declined to disclose the amount recovered so far, citing that it would be premature to give specific figures at this time. The commission had previously arrested and arraigned some of the scheme’s promoters in court.
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The EFCC’s continued efforts aim to provide relief to affected investors and recover lost funds. The commission’s work in this case highlights its commitment to addressing financial crimes and protecting the public’s interests.
