CBEX: We’ve recovered some money, made arrests – EFCC

The Economic and Financial Crimes Commission (EFCC) has said that it has recovered some money from the digital investment platform, CryptoBank Exchange (CBEX).

Hundreds of thousands of Nigerians had lost their investments in the ponzi scheme which crashed about two months ago.

The ugly development had thrown several of the investors into economic crisis following the shocking revelations on the amount of money they invested in the scheme.

However, the anti graft agency has assured that the commission alongside other agencies will recover the fund.

EFCC Chairman, Ola Olukoyede, who gave the update on the scheme during his appearance on a television programme, said several suspects had been arrested in connection with the fraud.

Olukoyede explained that the agency is still pursuing others who are on the run.

The Czar added that EFCC had made significant progress in its investigation into the crypto scheme.

He, however, silence on the figure of both the recovered fund and the identities of the arrested suspects.

“We have gone far. We have made a reasonable arrest. We have also been able to recover a reasonable amount of money. We are not going to give out much because we don’t want the process to be disrupted. We are still after quite a number of people we have declared wanted,” he said.