The EFCC has declared two more suspects, Folashade Odelana and Bamidele Ayodele Abiodun, wanted in the N1 bn cryptocurrency fraud tied to Crypto Bridge Exchange (CBEX), bringing the total to ten. Nigerians began raising alarms in April after being locked out of their CBEX accounts. The EFCC says several suspects have already been arrested and part of the funds recovered, urging the public to help locate the remaining suspects.
- Two new suspects declared wanted: Odelana and Abiodun
- CBEX users reported blocked access to funds in April
- EFCC now tracking 10 individuals in the N1 bn scam
- Arrest warrants issued for 6; partial recovery underway
- Public urged to provide leads on suspects’ whereabouts
This case has become a symbol of the dangers within Nigeria’s unregulated crypto space. With a growing number of Nigerians losing trust in digital investment platforms, the EFCC is under pressure to demonstrate accountability. Though some funds have been recovered, many victims are still waiting. The outcome of this probe may set the tone for future digital asset regulation.
