Month: May 2025
-
EFCC Traces CBEX Funds to 4 Countries, says Full Recovery Impossible
Vanguard News The Economic and Financial Crimes Commission (EFCC) said it has traced funds linked to the failed crypto bridge exchange (CBEX) scheme to at least four countries. Speaking on a Channels Television programme on Wednesday night, EFCC chairman, Ola Olukoyede, said although efforts are underway to recover the stolen funds, full restitution to victims…
-
FBI, DEA Seek 90-day Extension to Release Tinubu’s Records
Punch Newspaper The Federal Bureau of Investigation and the Drug Enforcement Administration have requested a 90-day extension from a United States District Court to produce documents relating to an alleged drug investigation involving President Bola Tinubu dating back to the 1990s. The request was submitted on Thursday in a joint status report filed with the…
-
CBEX Resumes Operations Despite SEC ban, N1.2tn EFCC Probe
Punch Newspaper Despite the alleged N1.2tn digital trading fraud that reportedly affected over 600,000 Nigerians, the embattled Crypto Bridge Exchange trading platform, accused of these acts, has resumed operations, announcing fresh withdrawal options in a move to restore investor confidence. Two traders on the CBEX platform confirmed to The PUNCH on Wednesday that the digital…