17th April , 2025
News desk
The Economic and Financial Crimes Commission (EFCC) has assured aggrieved investors of the defunct CBEX investment platform that efforts are underway to recover their funds.
In a statement issued on Wednesday, the anti-graft agency confirmed that investigations into the collapsed scheme are in advanced stages, with some assets and funds already traced and secured.
“The Commission is fully committed to ensuring that all victims of the CBEX investment fraud are refunded,” the EFCC spokesperson said. “We urge affected investors to remain patient and cooperate with ongoing investigations.”
CBEX, which attracted thousands of Nigerians with promises of high returns, was shut down earlier this year following numerous complaints of fraud. Several individuals linked to the company have been arrested, and the EFCC is pursuing both criminal charges and asset recovery.
The agency reiterated its commitment to justice and transparency, adding that verified victims will be contacted with further information regarding restitution procedures.
Affected investors are encouraged to keep their documentation intact and report to EFCC offices when required.
