EFCC Calls on Victims of CBEX Scam to Report in Lagos, Ibadan - Thepodiummedia

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Post published:August 24, 2025
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The Economic and Financial Crimes Commission (EFCC) has called on Nigerians who lost money to the collapsed cryptocurrency trading platform, Crypto Bridge Exchange (CBEX), to come forward and assist in ongoing investigations.

In a statement issued yesterday, EFCC spokesman, Dele Oyewale, urged victims to report at the commission’s zonal offices in Ibadan and Lagos.

“Victims who invested through individuals linked to CBEX offices in Ibadan and Idimu, Lagos, are urged to assist ongoing investigations by reporting to the Ibadan Zonal Directorate, 164, Reverend Oyebode Crescent, Iyaganku, Ibadan, Oyo State, and the Lagos Zonal Directorate 2: 7A, Okotie-Eboh Street, Ikoyi, Lagos,” the statement read.

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The commission is currently prosecuting three suspects — Adefowoara Abiodun Olanipekun, Otorudo Avwerosuo, and Ehirim Justice Chukwuebuka — alleged to have defrauded unsuspecting investors through CBEX.

The EFCC said the appeal to victims is part of its efforts to ensure justice and strengthen the ongoing prosecution.

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Morak Babajide-Alabi is a graduate of Mass Communication with a Master of Arts Degree in Journalism from Napier University, Edinburgh, United Kingdom. He is an experienced Social Media practitioner with a strong passion for connecting with customers of brands.

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He had a successful media practice at The Guardian, Punch and This Day.

He started his brand management career at Owena Bank as Media Relations Manager before joining Prudent Bank (now Polaris Bank) as the pioneer Head of Corporate Affairs.

The British Council appointed him as Head of Communication and Marketing to co-ordinate branding and reputation management activities at its Lagos, Abuja, Kano and Port Harcourt offices.

In 2007, he was recruited as the Head of Corporate Planning and Strategy for the Nigerian Aviation Handling company. He led on the branding, strategic planning and stakeholder management support function.

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Ademola obtained a M.Sc. Degree in Digital Marketing & Web Analytics from Dublin Institute of Technology in 2016, and the Master of Communication Arts degree of the University of Ibadan in 1997. He had previously obtained a Higher National Diploma (with Upper Credit) in Mass Communication from Ogun State Polytechnic, Abeokuta.

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