The Economic and Financial Crimes Commission (EFCC) has assured investors affected by the collapse of the CBEX digital trading platform that they will eventually recover their funds. However, the commission emphasized that this process may take time.
EFCC’s Commitment to Investors
EFCC spokesperson, Dele Oyewale, stated that the commission is actively collaborating with international agencies, including Interpol, to apprehend the individuals behind the platform. He assured that while refunds might not be immediate, the EFCC is committed to ensuring investors receive their money back. Oyewale further emphasized that the commission will not allow investors to lose their money without recourse.
Background on CBEX
CBEX, a digital trading platform, reportedly promised high returns to its users. However, it has been identified as a Ponzi scheme, leading to significant financial losses for many Nigerians. The EFCC had previously warned the public about such platforms, but the collapse of CBEX has highlighted the challenges in preventing such fraudulent schemes.
Investor Reactions
Many investors have expressed frustration and concern over the situation. While some remain hopeful due to the EFCC’s assurances, others are skeptical about the recovery process, given the complexities involved in tracing and returning funds from such schemes.
Looking Ahead
The EFCC’s ongoing efforts underscore the importance of vigilance and due diligence when engaging with investment platforms. Investors are encouraged to stay informed and report any suspicious activities to the appropriate authorities to prevent future occurrences of such fraudulent schemes.
Subscribe to Follow Global Trends for daily global news.
Find Out How To Make Money As A Full Time Writer/Blogger Guide.
To Advertise, Advertise Your Affiliate Links on FollowGlobalTrends.com for Just $1 Per Link Per Month!
Related Articles
Davido: The King of Endorsements in Africa
Wizkid Takes a Jab at Davido Again: Is There a Deeper Feud?
Davido Criticizes INEC Over Edo Gubernatorial Election, Explains His Interest
Davido sparks retirement rumors with recent statement
Davido Joins Forces with Nigerian Chess Prodigy, Tunde Onakoya in Bid for Guinness World Record
Meet The Richest Musician In Nigeria: Davido – $90 Million
An Intimate Photo Of Davido And Model Bonita Maria Leaked
Written By Fortune Davidson