The Economic and Financial Crimes Commission (EFCC) has declared two additional individuals wanted in connection with an alleged cryptocurrency fraud scheme linked to the collapsed digital trading platform, Crypto Bridge Exchange (CBEX).
In a notice issued on Wednesday via its official social media channels, the anti-graft agency identified the suspects as Folashade Odelana, 31, and Bamidele Ayodele Abiodun, 32.
Both individuals were accused of orchestrating fraudulent activities on the platform, which reportedly led to substantial financial losses for unsuspecting investors.
According to the EFCC, the last known address of the duo is No. 17, Oremeta Street, Allen, Ikeja, Lagos State.
“The public is hereby notified that the persons whose photographs appear below are wanted by the Economic and Financial Crimes Commission (EFCC) for fraud allegedly perpetrated on an online trading platform called Crypto Bridge Exchange (CBEX),” the statement read in part.
The commission urged members of the public with credible information regarding the suspects’ whereabouts to contact its offices across Ibadan, Enugu, Kano, Lagos, Gombe, Port Harcourt, or Abuja. Contact can also be made through its official helplines or via e-mail at info@efccnigeria.org, or by reporting to the nearest police station or security agency.
The latest development brings the total number of individuals declared wanted in connection with the CBEX fraud to 12.
In April 2025, panic spread among CBEX users after they were suddenly unable to access or withdraw their investments from the platform. The incident, which reportedly affected over 600,000 Nigerians, resulted in the loss of more than ₦1.3 trillion, according to victim estimates.
The scale of the collapse sparked nationwide outrage, with many investors demanding swift justice and restitution.
Earlier, the EFCC had declared eight persons wanted in relation to the same case.
They include Adefowora Abiodun Olanipekun, Adefowora Oluwanisola, Emmanuel Uko, Seyi Oloyede, Johnson Okiroh Otieno, Israel Mbaluka, Joseph Michiro Kabera, and Serah Michiro.
Arrest warrants have since been secured for six suspects: Olanipekun, Oluwanisola, Uko, Oloyede, Avwerosuo Otorudo, and Chukwuebuka Ehirim.
The EFCC Chairman, Ola Olukoyede, assured the public that the commission is making progress with its investigations and recovery effortsChannelsTV.
