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<p>Investigations by FIJ have revealed the <a target="_blank" href="http://gistreel.com/tag/faces"><strong>faces</strong></a> of key individuals behind CryptoBridge Exchange (<strong>CBEX</strong>), a fraudulent investment scheme that scammed <strong>Nigerians</strong> out of an estimated N1.3 trillion.</p>
<p>CBEX, initially marketed as a quick way to make money without economic value, crashed in April, leaving investors devastated.</p>
<figure id="attachment_1172403" aria-describedby="caption-attachment-1172403" style="width: 560px" class="wp-caption aligncenter"><img decoding="async" class="size-full wp-image-1172403" alt="Names, faces behind CBEX fraud unveiled as Nigerians lose â¦1.3 trillion" width="560" height="400" data-lazy- src="https://toptechblitz.com.ng/wp-content/uploads/2025/04/images-2025-04-20T121456.599.jpeg"/><img decoding="async" class="size-full wp-image-1172403" src="https://toptechblitz.com.ng/wp-content/uploads/2025/04/images-2025-04-20T121456.599.jpeg" alt="Names, faces behind CBEX fraud unveiled as Nigerians lose â¦1.3 trillion" width="560" height="400" /><figcaption id="caption-attachment-1172403" class="wp-caption-text">Names, faces behind CBEX fraud unveiled as Nigerians lose â¦1.3 trillion.</figcaption></figure>
<p>As reports emerged, many were unable to access their profile dashboards, confirming the scheme’s collapse.</p>
<p>Despite the growing evidence, many remained in denial until it became clear that their funds had been locked away.</p>
<p>Following the crash, the Economic and Financial Crimes Commission (EFCC) launched an investigation into CBEX, vowing to recover the lost funds.</p>
<p>Additionally, the Securities and Exchange Commission (SEC) confirmed that CBEX was unlicensed, having never received approval to operate within Nigeria’s capital market.</p>
<p>FIJ’s investigation has identified several individuals who played major roles in promoting the scheme. CBEX was linked to ST Investment Co., Ltd., owned by Harold David Charles, a 55-year-old Briton.</p>
<p>Charles, presented as a wealth management expert, introduced CBEX to Nigeria through media campaigns in January 2023.</p>
<p>The company itself was not registered, although its affiliate, ST Technologies International, was registered with the Corporate Affairs Commission (CAC) and issued an anti-money laundering certificate.</p>
<p>The scheme’s other affiliates included Smart Treasure and Super Technology—dubious names with a consistent use of “S.T.”</p>
<p>Among the identified promoters are Adefowora Abiodun and Oluwanisola Adefowora, whose close association suggests they may be siblings or a couple. Other key figures include Seyi Oloyede and Emmanuel Uko.</p>
<p>While the promoters continue to evade questions, investigations into their operations continue.</p>
<p>The aftermath of CBEX’s collapse has left many investors grappling with financial losses, and authorities are working to bring those responsible to justice.</p>
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<p><a href="https://www.gistreel.com/names-faces-behind-cbex-fraud-unveiled-as-nigerians-lose-%E2%82%A61-3-trillion/" previewlistener="true">Source link </a></p>

