The Economic and Financial Crimes Commission (EFCC) has declared two more individuals wanted in connection with the ₦1.3 trillion cryptocurrency fraud involving the now-defunct digital trading platform, Crypto Bridge Exchange (CBEX), bringing the total number of wanted persons to 12.
In a notice issued on Wednesday, the EFCC identified the suspects as 31-year-old Folashade Odelana and 32-year-old Bamidele Ayodele Abiodun. The commission alleged that both were involved in orchestrating fraudulent schemes on the CBEX platform, which collapsed in April 2025, affecting over 600,000 investors nationwide.
The last known address of the duo is listed as No. 17, Oremeta Street, Allen, Ikeja, Lagos State.
“The public is hereby notified that the persons whose photographs appear below are wanted by the Economic and Financial Crimes Commission (EFCC) for fraud allegedly perpetrated on an online trading platform called Crypto Bridge Exchange (CBEX),” the commission stated in its public notice.
The EFCC urged anyone with credible information on the suspects’ whereabouts to report to any of its zonal offices in Ibadan, Enugu, Kano, Lagos, Gombe, Port Harcourt, or Abuja. Reports can also be submitted via its helplines, email (info@efccnigeria.org), or at the nearest police station.
In previous updates, the commission had declared eight individuals wanted, including Adefowora Abiodun Olanipekun, Adefowora Oluwanisola, Emmanuel Uko, Seyi Oloyede, Johnson Okiroh Otieno, Israel Mbaluka, Joseph Michiro Kabera, and Serah Michiro. Arrest warrants have since been secured for six of them.
CBEX abruptly ceased operations in April, locking users out of their accounts and triggering widespread panic. Victims reported losing life savings and investments totaling over ₦1.3 trillion, sparking protests and calls for urgent government intervention.
EFCC Chairman Ola Olukoyede has assured the public that investigations are progressing and pledged continued efforts toward justice and fund recovery.
