Ponzi: EFCC declares two more suspects wanted over N1bn CBEX fraud

CBEX image

The Economic and Financial Crimes Commission (EFCC) has declared two suspects wanted in connection with the alleged N1 billion cryptocurrency scam linked to Crypto Bridge Exchange (CBEX).

In a notice shared via its official X account on Wednesday, the commission identified the wanted persons as Folashade Odelana and Bamidele Ayodele Abiodun.

According to the notice, the last known address of the suspects is No. 17 Oremeta Street, Allen Avenue, Ikeja, Lagos.The anti-graft agency urged members of the public with useful information on their whereabouts to contact any of its offices nationwide.This latest development brings the number of individuals declared wanted in connection with the CBEX fraud to 10.

In April 2025, CBEX users raised alarm after they were unable to access or withdraw their investments. Thecable