The Economic and Financial Crimes Commission (EFCC) has declared eight individuals—four foreigners and four Nigerians—wanted in connection with a massive fraud allegedly carried out through the now-collapsed crypto trading platform, Crypto Bridge Exchange (CBEX).
In a statement released via its official X handle on Friday, the anti-graft agency published the names and photos of the suspects wanted for their roles in the digital asset scam that reportedly wiped out over N1.3 trillion in investors’ funds.
The foreign nationals declared wanted include Johnson Okiroh Otieno, Israel Mbaluka, Joseph Michiro Caber, and Serah Michiro—the only female suspect.
The Nigerians on the wanted list are Adefowora Olanipekun, Adefowora Oluwanisola, Emmanuel Uko, and Seyi Oloyede.
According to the EFCC, “The public is hereby notified that the persons whose photographs appear above are wanted by the Economic and Financial Crimes Commission (EFCC) for fraud allegedly perpetrated on an online trading platform called Crypto Bridge Exchange (CBEX).”
CBEX, a digital asset trading platform, suddenly collapsed earlier this month, triggering widespread panic among investors and financial watchdogs.
The platform’s crash has been described as one of the largest crypto-related frauds in Nigeria’s history.
