The Economic and Financial Crimes Commission (EFCC) has declared four individuals wanted in connection with a fraudulent scheme tied to the online trading platform Crypto Bridge Exchange (CBEX). The EFCC issued a public notice on Friday, naming the suspects as Seyi Oloyede, Emmanuel Uko, Adefowora Oluwanisola, and Adefowora Abiodun Olaonipekun.
According to the notice, these individuals are suspected of being involved in illegal activities related to CBEX, a platform increasingly under scrutiny in the crypto trading space. The EFCC, committed to combating financial crimes, particularly in the rapidly growing and often exploited cryptocurrency sector, continues its investigation.
The commission revealed that Oloyede and Uko were last traced to No. 166, Idimu Egbeda Road in Lagos State. Meanwhile, Oluwanisola and Olaonipekun were last known to reside at 13, Jimoh Odutola, Ogungpa, in Ibadan, Oyo State.
The EFCC is calling on the public to assist in locating the individuals. Those with information about their whereabouts are urged to contact the EFCC offices in Ibadan, Enugu, Kano, Lagos, Gombe, Port Harcourt, or Abuja.
This case highlights the ongoing concerns over the security and regulation of cryptocurrency platforms in Nigeria. As digital currencies continue to gain popularity, they have also become a target for fraudsters looking to exploit the lack of clear regulation in the sector.
The EFCC’s efforts reflect a larger commitment to address financial crimes in all areas of the economy, including those tied to emerging technologies like cryptocurrency. The commission has previously taken action against individuals and companies involved in illegal crypto schemes, underscoring the risks that unregulated online trading platforms pose to investors.
As the investigation into CBEX continues, the EFCC's public notice serves as a reminder of the importance of vigilance in financial dealings, particularly when new, often complex platforms like CBEX are involved. The commission’s efforts aim to protect investors from falling victim to fraudulent activities in the crypto space.
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