The Commission of Economic and Financial Crimes (EFCC) has assured Nigerian investors affected by the collapse of the CBEX digital trade platform that will recover their money, since efforts are already underway in collaboration with international agencies to locate perpetrators.
Speaking during an appearance in the morning report of Cannels Television on Wednesday, the EFCC spokesman Dele Oyewale, clarified that although Cbex is out of the direct jurisdiction of the commission due to its foreign and digital structure, an aggressive investigation is in progress in collaboration with international partners.
“We are tracking that digital trade platform. We have profiled enough things about the platform,” he said.
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“I can assure you that all the profiles we must make, contacts we need to make and some collaboration commitments that we must undertake, we are already doing. We are in contact with Interpol, in contact with many of our development partners, and the Nigerians will know that the EFCC, as usual, is on top of the matter. We will go out with impressive reports.”
Heywale dismissed any notion that the EFCC was helpless in the matter, stating: “It would be very irresponsible and unprofessional that the EFCC says: 'There is nothing we can do'”.
He reiterated the commitment of the commission to work with global partners to take perpetrators before justice and guarantee the restitution of the victims.
“We are already working with Interpol, and we are already working with our international development agencies to ensure that these people are led to reserve. Investors will recover their money, and we are already working on that. What I am saying is that this could have been avoided. But as far as it is, we are not going to throw our hands up and say that there is nothing that the EFCC can do for that.
“We are more responsible and professionals than that. We are talking with all the necessary agencies around the world to be able to bring all the actors to reserve, and investors will recover their money. It may not be in the short term, but I can assure you that the commission will not allow investors to only lose their money like this.”
Cbex, an online investment platform operated by Chino, is in the center of a fraud scandal of billions of parties after disappearing with funds belonging to thousands of Nigerians. The scheme had attracted investors with promises of high yields of digital asset operations before disconnecting without prior notice.
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