The Economic and Financial Crimes Commission (EFCC) has guaranteed that investors in the CBEX digital trading platform will retrieve their money.
The platform, which promised a 100% return on investment, faced a crisis when investors couldn’t withdraw their funds, leading to public outcry and even looting of its Ibadan office.
The EFCC claims it was already tracking the CBEX platform before the public outcry, having profiled it and alerted Nigerians about potential Ponzi schemes.
In March, the commission listed 58 suspicious companies, demonstrating its proactive stance.
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EFCC spokesperson Dele Oyewale guaranteed that investors will get their money back, although the process may take time.
The EFCC is working with Interpol and International Agencies to bring the perpetrators to justice.
Oyewale emphasised the EFCC’s professionalism and commitment to recovering investments, stating that the commission will not allow investors to lose their money.
Thousands of investors reportedly lost over N1.3 trillion in users’ funds when the platform crashed. The EFCC’s efforts aim to recover these funds and bring those responsible to account.
