LAGOS, Nigeria — The Economic and Financial Crimes Commission (EFCC) don declare four individuals wanted for their alleged involvement in fraudulent activities linked to the online trading platform, Crypto Bridge Exchange (CBEX). This declaration come on Friday, April 25, 2025, as the agency step up its efforts to combat financial crimes within the crypto space, wey dey exploit many unsuspecting investors.
Dem suspects wey EFCC dey look for include Seyi Oloyede, Emmanuel Uko, Adefowora Oluwanisola, and Adefowora Abiodun Olaonipekun. For the public notice signed by Dele Oyewale, wey be the Head of Media & Publicity for EFCC, di agency emphasize say dem serious about fighting financial crimes, especially within this cryptocurrency sector.
According to EFCC report, Seyi Oloyede and Emmanuel Uko last dey traced to No. 166, Idimu Egbeda Road, Lagos State. Adefowora Oluwanisola and Adefowora Olaonipekun, on di other hand, dey last known to reside at 13, Jimoh Odutola, Ogungpa, Ibadan, Oyo State.
EFCC don also call on members of di public wey fit get any information about di whereabouts of di suspects to reach out to di agency through their offices wey dey Ibadan, Enugu, Kano, Lagos, Gombe, Port Harcourt and Abuja.
On Thursday, April 24, 2025, Federal High Court for Abuja don grant EFCC di authority to arrest and detain six individuals wey dey linked to di CBEX fraud wey involve over $1 billion. Justice Emeka Nwite deliver di order following an application wey EFCC bring before di court. Di individuals wey dem mention for di court order na Adefowora Olanipekun, Adefowora Oluwanisola, Emmanuel Uko, Seyi Oloyede, Avwerosuo Otorudo, and Chukwuebuka Ehirim.
EFCC don allege say dem suspects operate through a front company wey dem call ST Technologies International Limited to promote di CBEX and to lure Nigerians into investing wey promise outrageous returns of up to 100 percent within 30 days.
During di EFCC session for court, lawyer Fadila Yusuf talk say di scam get connections with foreign accomplices, and dem need urgent action to track and arrest di suspects. Di lawyer urge di court to grant dem di order to remand di defendants once dem arrest any of dem.
It should be noted say di ST Technologies, di promoter of CBEX, was registered with di Corporate Affairs Commission (CAC) for Nigeria but dem no get any license from di Securities and Exchange Commission (SEC) to operate as an investment firm.
Di EFCC spokesperson, Dele Oyewale, don assure di public say dem dey work with international agencies, including Interpol, to recover di stolen funds. According to reports, di CBEX platform restrict withdrawal for April 9, prompting many users to panic. Shortly before di platform crash, CBEX released a suspicious notice wey require users to deposit extra funds under di guise of account verification.
The EFCC na di body wey dey take care of financial crimes for Nigeria, and dis latest development emphasizes di agency’s resolve to tackle financial fraud aggressively.
