The Economic and Financial Crimes Commission (EFCC) has confirmed that efforts are ongoing to recover funds linked to the collapsed CBEX Global Investment scheme.
The scheme, widely described as a Ponzi operation, crashed in April 2025, reportedly defrauding over 600,000 Nigerians of an estimated ₦1.3 trillion. Following the collapse, several promoters of the scheme were arrested and charged to court by the anti-graft agency.
Speaking on the development, EFCC Head of Media and Publicity, Dele Oyewale, said fund recovery is still in progress. He, however, declined to disclose the exact amount recovered so far, noting that it would be premature to provide specific figures at this stage.
