Categories: CrimesNews

EFCC declares two more suspects wanted over N1bn CBEX fraud

The Economic and Financial Crimes Commission (EFCC) has declared two additional individuals wanted in connection with an alleged cryptocurrency fraud scheme linked to the collapsed digital trading platform, Crypto Bridge Exchange (CBEX).

The EFCC made this known via a notice issued on its social media accounts on Wednesday, June 4, 2025.

The anti-graft agency identified the suspects as 31-year-old Folashade Odelana and Bamidele Ayodele Abiodun, 32.

The two suspects were accused of orchestrating fraudulent activities on the platform, which reportedly led to substantial financial losses for unsuspecting investors.

The EFCC noted that the last known address of the duo is No. 17, Oremeta Street, Allen, Ikeja, Lagos State.

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“The public is hereby notified that the persons whose photographs appear below are wanted by the Economic and Financial Crimes Commission (EFCC) for fraud allegedly perpetrated on an online trading platform called Crypto Bridge Exchange (CBEX),” it said.

The anti-graft agency therefore urged members of the public with credible information regarding the suspects’ whereabouts to contact its offices in Ibadan, Enugu, Kano, Lagos, Gombe, Port Harcourt, or Abuja.

The latest development brings the total number of individuals declared wanted in connection with the CBEX fraud to 12.

The Star

Segun Ojo

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