In a major announcement aimed at strengthening the fight against financial crimes in Nigeria, the Economic and Financial Crimes Commission (EFCC) has officially declared four individuals wanted for their alleged involvement in a fraudulent online trading platform known as Crypto Bridge Exchange (CBEX).
According to the EFCC, the individuals whose photographs and details were released to the public are suspected of defrauding unsuspecting investors through the CBEX platform. The Commission warns that these individuals are currently at large, and their capture is critical to ongoing investigations and the broader campaign against internet fraud in Nigeria.
Who Are The Wanted Individuals?
The EFCC identified the following persons as wanted:
1. Seyi Oloyede
Seyi Oloyede is one of the key suspects declared wanted. His last known address, as reported by the EFCC, is No 166, Idimu Egbeda Road, Lagos State. Oloyede is believed to have played a significant role in the fraudulent activities carried out through the CBEX platform, which lured investors with the promise of high returns through cryptocurrency trading.
2. Emmanuel Uko
Similarly, Emmanuel Uko was listed among the suspects. He shares the same last known address with Seyi Oloyede at No 166, Idimu Egbeda Road, Lagos State. Authorities suspect that Uko was deeply involved in the operational aspects of the scam, coordinating financial transactions and managing communications with victims.
3. Adefowora Oluwanisola
Adefowora Oluwanisola, aged 37, is another individual wanted by the Commission. Her last known residence is located at 13, Jimoh Odutola, Ogungpa, Ibadan, Oyo State. Oluwanisola is suspected of facilitating fraudulent investment schemes and misleading clients into depositing substantial sums under false pretenses.
4. Adefowora Abiodun Olaonipekun
The final suspect, Adefowora Abiodun Olaonipekun, aged 44, is linked to the same address as Oluwanisola at 13, Jimoh Odutola, Ogungpa, Ibadan, Oyo State. Investigations suggest that Olaonipekun played a strategic role in planning and executing the fraudulent activities that defrauded countless individuals across Nigeria.
The Nature of the Scam: Crypto Bridge Exchange (CBEX)
The fraudulent scheme revolved around an online platform called Crypto Bridge Exchange (CBEX). CBEX allegedly presented itself as a legitimate cryptocurrency trading platform promising high returns on investments. Victims were lured through online advertisements, social media promotions, and direct communications into believing that they could profit heavily from crypto trading managed by “experts.”
However, instead of generating returns, investors found themselves unable to withdraw their funds. Many victims reported that their accounts were frozen or deleted shortly after making deposits, leaving them with significant financial losses. The EFCC’s preliminary investigations suggest that CBEX was nothing more than a front for an elaborate online fraud operation.
EFCC’s Call to Action
The EFCC has urged members of the public who may have any useful information regarding the whereabouts of the wanted individuals to immediately contact the Commission through any of its zonal offices in Ibadan, Enugu, Kano, Lagos, Gombe, Port Harcourt, or Abuja.
Additionally, tips can be provided through the following contact numbers:
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09-9044751-3
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08093322644
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08183322644
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07026350721-3
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0706350724-5
Emails can be sent to info@efccnigeria.org.
The Commission emphasized that all information provided would be treated with utmost confidentiality and that cooperation from the public is essential to apprehending these suspects and ensuring justice is served.
Why This Case Matters
The CBEX scam highlights the growing risks associated with online investment schemes, especially those promising unrealistic returns. The EFCC has repeatedly warned the public against falling prey to online platforms that guarantee “too good to be true” profits. As Nigeria continues to battle various forms of cybercrime and financial fraud, cases like this underline the need for increased public awareness, vigilance, and stronger regulatory frameworks.
The EFCC’s efforts to track down and prosecute those responsible for scams such as CBEX send a clear message: financial crimes will not go unpunished, and perpetrators will be held accountable under the law.
Conclusion
Financial crimes continue to pose a serious threat to economic stability and investor confidence in Nigeria. The case of the CBEX scam, involving Seyi Oloyede, Emmanuel Uko, Adefowora Oluwanisola, and Adefowora Abiodun Olaonipekun, serves as a sobering reminder of the dangers lurking in the digital financial world.
The EFCC’s commitment to fighting fraud and corruption remains unwavering. With the support of vigilant citizens, authorities hope to bring these individuals to justice and recover stolen funds for the victims.
For the latest updates on this case and other financial crime news, stay connected to EFCC’s official website and credible news platforms.
