Cbex investors will receive their back-efcc money

The Commission for Economic and Financial Crimes (EFCC) has ensured the people who invested in the CBEX digital trading platform who would recover their funds.

The Commission claimed to have monitored the platform even before the recent wave of public complaints.

CBEX, who had promised investors a 100 %investment return, had to face a crisis over the weekend since many users reported not being able to withdraw their funds, arousing indignation on social media.

On Monday, according to what was reported, the angry investors stormed and sacked the Smart Treasure Office, a affiliate of Cbex, located in the Oke Ado area of ​​Ibadan, in Oyo’s state.

Speaking during the morning brief of TV channels on Wednesday, the Feccc spokesman, Delewale, confirmed that the anti-innesto agency had put in place numerous calls by the Nigerians in search of information and solutions regarding the CBEX platform.

Oyewale stressed that the EFCC had profiled the platform long before the recent protests and had previously warned the Nigerians on the potential Ponzi patterns.

“We were not waiting for the Nigerians to call us before starting our job, of course, we worked,” he said.

“We were not beaten by what really happened. Our Dragnet is wide, our intelligence is very effective and we were monitoring that digital trading platform.”

He added: “We were monitoring him and we profiled several things about the platform. You will remember that on 11 March of this year, the executive president of the FCC, Mr. Ola Olukoyede, had called to instruct us to warn us the Nigerians”.

Oyewale also recalled that the EFCC had previously listed 58 suspected Ponzi regime companies in March to warn the public.

“This shows that we are proactive and we have our hands on what is happening. So as regards this investigation, we were on it; it is not that we didn’t know.

“We have warned the Nigerians of ways and vehicles on how to separate from this type of Shenanigans.

“Before the calls arrived, we were working, while the calls are coming, we are working; and even after the calls, we are still working.”

He added that the commission would continue to educate the public on how to identify fraudulent investment programs.

“The essential thing is that, of course, we will remember some of the things that the Nigerians should look for, you know, about this type of investment patterns and everything else.”

On the fate of investors’s funds, Oyewale guaranteed that recovery efforts were underway, although the process could take time.

“No, it will be very irresponsible and not very professional if the EFCC says that you have lost your money; there is nothing that the commission can do about it.

“We are already working with Interpol and our international development agencies to ensure that these people are brought to the book.

“Investors will resume their money and we are already working on it. Everything I am saying is that this kind of things could have been avoided.

“Let it be as it could, it has not been avoided, we will not throw the impotent hands and we will say that there is nothing that EFCC can do about it.

“We are more responsible and professional than this. We distributed our wings speaking with Interpol and the necessary agencies all over the world in order to bring to book all the actors and investors will have their money back.”

Oyewale, however, warned that although the process may not produce immediate results, the EFCC is committed to ensuring that investors do not lose their money.