The Economic and Financial Crimes Commission (EFCC), in collaboration with Interpol, has reportedly launched an investigation into CBEX, a digital investment platform that recently collapsed. The crash of CBEX has stirred widespread uproar online, with several users alleging their funds were siphoned into private accounts.
According to popular blogger Innocent Tino, both agencies are now probing the alleged ₦1.3 trillion fraud linked to CBEX. In a Facebook post, Tino described the development as long overdue, pointing fingers at foreign operators and their Nigerian collaborators as those behind the scheme.
CBEX is said to have shut down on Monday, leaving many investors stranded. As the joint investigation unfolds, Nigerians await clarity on what happened to the massive funds and whether any refunds or arrests will follow.
