Leadnaija
The Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, has said operators of the pyramid scheme, CBEX, made themselves look legitimate to Nigerians before they eventually defrauded them.
In an interview with TVC, Olukoyede said the operators were mostly foreigners who employed some Nigerians to create awareness.
He said the victims were convinced by the seminars and conferences they held, which featured professional guest speakers that gave their act some form of legitimacy.
The EFCC boss said, “We have gone far on CBEX. We’ve been able to recover a reasonable amount of money, even though it is in crypto wallet, the same way the money was taken from them (victims).
“We have gone far. We have made a reasonable arrest. People are talking. Like I said, we are not going to give put too much because we don’t want the process to be dissipated. We are still after quite a number of people that we have declared wanted. We are still investigating a lot of wallets.
“Most of these perpetrators are foreigners. They came in and engaged the services of Nigerians who registered companies for them… They used them to create awareness. In fact, they had seminars and conferences and brought in professionals who are specialists i capital market.
“So when you see such calibre of people, you will be convinced. So people started withdrawing their money and changing it to dollar, from dollar they put it in crypto wallets. From there, they (scammers) moved the money to other crypto wallets called Non-Custodial Wallets. From there, they moved it to some wallets in Eastern Europe, Cambodia and others. From there, they dissipate the money. But we’ve been able to block some of those wallets where money has not dissipated.”
When the going was good and people where getting hundred per cent, nobody told EFCC. But when the buble busted, everybody blamed EFCC, saying didn’t we see them?
