Hope as EFCC speaks on retrieving investors’ money

• Investors successful the CBEX integer trading level would person their wealth back, according to an assurance from the EFCC
• The EFCC asserted that it had been keeping an oculus connected the CBEX trading level earlier the caller nationalist outcry
• The committee named astir 58 ponzi scam companies successful March for Nigerians to beryllium cautious of

Legit.ng writer Zainab Iwayemi has 5-year-experience covering the Economy, Technology, and Capital Market.

The Economic and Financial Crimes Commission (EFCC) has assured that individuals who invested successful the CBEX integer trading level volition get their wealth back.

Photo Credit: CBEX, Contriibutor
Source: Getty Images

The EFCC claimed that anterior to the recent nationalist uproar, it was been monitoring the CBEX trading platform.

EFCC responds

According to EFCC spokesperson Dele Oyewale, who appeared connected Channels TV's Morning Brief connected Wednesday, the anti-graft bureau has been inundated with calls from Nigerians looking for accusation and solutions astir CBEX.

Prior to the latest uproar and calls, helium added, the EFCC had profiled the level and warned Nigerians astir imaginable ponzi scams.

“We were not waiting for Nigerians to telephone america earlier we started our work, of course, we person been working,” Oyewale said.“We were not beaten by what really happened. Our dragnet is wide, our quality is precise effective, and we were tracking that integer trading platform.“We were tracking it, we profiled rather a fig of things concerning the platform. You volition callback that March 11th this year, the enforcement president of the EFCC, Mr. Ola Olukoyede, had telephone to instruct america to alert Nigerians.”

According to the spokesperson, the committee listed astir 58 ponzi scheme companies successful March for Nigerians to beryllium cautious of.

“That shows that we are proactive and we person our hands connected what is happening. So concerning this investigation, we were connected it, it’s not that we didn’t know,” helium said.“We’ve been alerting Nigerians astir ways and means however to abstracted themselves from this benignant of shenanigans.

Investors to get their money

Even if it would instrumentality immoderate time, Oyewale further reassured investors that their money would beryllium returned.

“No, it volition beryllium precise irresponsible and unprofessional if the EFCC says that you person mislaid your money; determination is thing the committee tin bash astir it,” the spokesperson said.“We are already moving with Interpol and our planetary improvement agencies to guarantee that these radical are brought to book.“Investors are going to get their wealth back, and we are already moving connected that. Everything I’m saying is this benignant of happening could person been averted.“Be it arsenic it may, it was not averted, we are not going to propulsion our hands retired helplessly and accidental that there’s thing EFCC tin bash astir it.“We are much liable and nonrecreational than that. We person dispersed retired our wings by talking to Interpol and the indispensable agencies crossed the satellite to beryllium capable to bring each the actors to book, and investors volition person their wealth back.”

Oyewale said the investments mightiness not beryllium recovered successful the abbreviated term, but EFCC volition not let investors to suffer their money.

Popular Ponzi schemes that duped Nigerians of millions

Legit.ng reported that CBEX, a integer concern platform, which promised 100% returns to investors wrong a 30-day clip frame, has reportedly crashed, trapping N1.3 trillion of people's funds and leaving galore Nigerians shattered.

CBEX joins an infamous increasing database of Ponzi schemes that person each operated utilizing the aforesaid modus operandi of offering mouth-watering payouts, paying retired astatine their archetypal stages earlier ending successful calamitous losses.

Ponzi schemes person continued to person a tract time successful Nigeria, contempt repeated warnings from the government's regulatory and instrumentality enforcement agencies.

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Source: Legit.ng