The Economic and Financial Crimes Commission (EFCC) has promised that Nigerians who lost money in the collapsed CBEX digital trading platform will get their funds back, though the recovery process may take time. CBEX, which attracted thousands of investors by promising a 100% return on investment, recently crashed, leaving users unable to withdraw their funds and prompting the looting of its Ibadan office by aggrieved investors.
Speaking on Channels TV’s Morning Brief, EFCC spokesperson Dele Oyewale revealed that the commission had been monitoring CBEX long before the public outcry and had included the platform among 58 suspected Ponzi schemes listed in March 2025. He emphasized that EFCC’s dragnet and intelligence operations had already profiled the platform, and the commission was not caught off guard by the collapse.
Oyewale urged Nigerians to exercise caution with investment schemes that seem too good to be true and reiterated that EFCC is working with Interpol and international development agencies to apprehend those behind the fraud. He assured that investors would not be abandoned and that the commission remains committed to ensuring justice and financial restitution.
Although the process may not yield immediate results, the EFCC maintains that it will not rest until all parties involved are prosecuted and investors are compensated.
