EFCC Continues Fund Recovery After Collapse of CBEX Scheme

The Economic and Financial Crimes Commission (EFCC) has confirmed that efforts to recover funds lost in the collapse of the CBEX Global Investment scheme are still underway. The Ponzi scheme, which collapsed in April 2025, left hundreds of thousands of Nigerians grappling with significant financial losses.

Reports indicate that over 600,000 investors were affected by the collapse, with total losses estimated at around N1.3 trillion. Following the downfall of CBEX, several promoters linked to the scheme were apprehended and have since been arraigned in court by the EFCC.

When asked for an update, EFCC’s Head of Media and Publicity, Dele Oyewale, said the commission is actively pursuing recovery but did not disclose the amount recovered so far. He added that providing exact figures at this stage would be premature.