CBEX fraud: EFCC declares two persons wanted

 

The Economic and Financial Crimes Commission on Wednesday declared two more individuals wanted in connection with an alleged fraud case linked to a digital trading platform, Crypto Bridge Exchange, popularly known as CBEX.

The suspects, identified as Folashade Odelana and Bamidele Ayodele Abiodun, were accused of orchestrating fraudulent activities that reportedly led to significant financial losses for unsuspecting investors.

12 persons had been declared wanted by the commission in connection with the same scheme.

In a notice published across its official social media platforms, the anti-graft agency asked members of the public with useful information on the whereabouts of the suspects to come forward.

The notice read, “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). FOLASHADE ODELANA. Odelana is 31 years old and her last known address is at No. 17, Oremeta Street, Allen, Ikeja, Lagos State.

“BAMIDELE AYODELE ABIODUN. Abiodun is 32 years old. His last known address is at No.17, Oremeta Street, Allen, Ikeja, Lagos State.

“Anybody with useful information as to their whereabouts should please contact the Commission in its Ibadan, Enugu, Kano, Lagos, Gombe, Port Harcourt or Abuja offices, or through these numbers 09-9044751-3, 08093322644, 08183322644, 07026350721-3, 0706350724-5; its e-mail address: info@efccnigeria.org or the nearest Police Station and other security agencies.”

No fewer than 600,000 Nigerians reportedly invested in the scheme and lost N1.3tn after it collapsed in April 2025

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