The Economic and Financial Crimes Commission says individuals who invested in the CBEX digital trading platform will get their money back.
EFCC said it was already tracking the CBEX trading platform before the recent public outcry.
According to several posts on X, the CBEX, which promised investors a 100 percent return on investment, began experiencing trouble last weekend as many could no longer withdraw their funds.
On Monday, aggrieved ‘investors’ had reportedly looted the office of Smart Treasure, an arm of the CBEX crypto trading platform, in the Oke Ado axis of Ibadan, Oyo State.
Speaking on Channels TV’s Morning Brief on Wednesday, the spokesperson for the EFCC, Dele Oyewale, said the anti-graft agency has been receiving numerous calls from Nigerians seeking information and remedies regarding CBEX.
He said before the recent outcry and calls, EFCC had profiled the platform and alerted Nigerians about potential ponzi schemes.
“We were not waiting for Nigerians to call us before we started our work, of course, we have been working.
“We were not beaten by what actually happened. Our dragnet is wide, our intelligence is very effective, and we were tracking that digital trading platform.
“We were tracking it, and we profiled several things concerning the platform. You will recall that March 11 this year, the executive chairman of the EFCC, Mr. Ola Olukoyede, had called to instruct us to alert Nigerians,” Oyewale said.
The spokesperson recalled that about 58 ponzi scheme companies were listed by the commission in March for Nigerians to be wary of.
