The Economic and Financial Crimes Commission (EFCC) has confirmed that it had been tracking the activities of China Beijing Equity Exchange (CBEX), the digital trading platform that reportedly crashed with over ₦1.3 trillion in Nigerian investments.

Speaking in an interview with Channels Television, EFCC spokesperson Dele Oyewale assured the public that the agency had not been caught off guard and had already begun investigations before the collapse.

The words of Oyewale at some point during the interview read, “expectedly, we have been receiving quite a number of calls from Nigerians across all walks of life, media, victims and from those who are not yet victims and who want to be properly educated about what can be done to avert this kind of thing. We were not waiting for Nigerians to call us before we started our work. We were not bitten by what actually happened; our intelligence is very effective, and we were tracking that digital trading platform.”

“We profiled quite a number of things about the platform. You will recall that at some point this year the executive chairman of the EFCC had cause to instruct us to alert Nigerians about 58 Ponzi scheme companies. We came out with a list. That shows us that we are proactive and we have our hands on what is happening.” He stated.

He further added that, “concerning this CBEX thing, we were on it; it is not that we didn’t know. We have been alerting Nigerians about ways and means they can separate themselves from these kinds of shenanigans. I can assure you that all of the profiling that we need to do and the contacts that we need to make, we are already doing that. Nigerians will know that EFCC, as usual, is on top of the matter, and we are going to come out with an impressive report.”