EFCC Recovers Funds from Collapsed Crypto Bridge Exchange:
...Denies Secret Meeting with Governors

The Economic and Financial Crimes Commission (EFCC) has confirmed the recovery of a significant amount of funds linked to the collapsed crypto investment platform, Crypto Bridge Exchange (CBEX). The platform allegedly defrauded thousands of Nigerians of approximately ₦1.3 trillion, promising a 100% return on investment within 30 days before abruptly shutting down.

EFCC Chairman, Ola Olukoyede, revealed during an interview on TVC that the commission has already made notable arrests and is actively pursuing other suspects.

“We have made a reasonable arrest. We’ve also been able to recover a reasonable amount of money. We don’t want to disclose too much so as not to disrupt ongoing processes,” he said.

The EFCC is continuing investigations into the high-profile crypto fraud, which left many Nigerian investors unable to access funds after the platform vanished without warning.

In a related development, the EFCC has refuted claims that its chairman met with two South-South governors—Delta State Governor Sheriff Oborevwori and former governor Ifeanyi Okowa—before their defection to the All Progressives Congress (APC).

The allegation was made by Paul Ibe, spokesperson for former Vice President Atiku Abubakar, during a televised interview on Channels TV’s Politics Today. Ibe claimed that Olukoyede and the Solicitor General held a secret meeting with the two politicians at a government lodge, just 48 hours before their defection to the APC in April 2025.

The EFCC has firmly denied the accusation, labelling it as baseless and misleading, emphasizing that the agency remains apolitical and committed solely to the fight against corruption.