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CBEX Collapse and the Fragility of Nigeria’s Financial Oversight: A Call for Urgent Policy Reform__Prof. Chiwuike Uba

The recent collapse of the CBEX digital asset trading platform, which reportedly resulted in the loss of over ₦1.3 trillion in investor funds, is not just another unfortunate episode of financial fraud—it is a national crisis and a resounding indictment of the structural weaknesses within Nigeria’s financial oversight architecture. The…
EFCC Presents Further Evidence in $9.6 Billion Scam

EFCC Investigates N1.3 Trillion Crypto Scam as CBEX Collapse Triggers Nationwide Outrage

The Economic and Financial Crimes Commission (EFCC) has launched a comprehensive investigation into a suspected cryptocurrency scam worth approximately N1.3 trillion, linked to the now-defunct digital investment platform, CryptoBank Exchange (CBEX). The EFCC has confirmed its collaboration with the International Criminal Police Organisation (INTERPOL) in tracking both domestic and international…