Kenyans Among Eight Wanted in Nigeria Crypto Fraud

Nigeria’s Economic and Financial Crimes Commission (EFCC) declared eight individuals wanted in connection with an alleged multi-million naira fraud involving the Crypto Bridge Exchange (CBEX), a digital trading platform.

The watchdog published a list of eight wanted persons, including the Kenyans, in connection with a breach on the CBEX platform which saw the accounts of sections of users in Kenya, Nigeria, and Egypt wiped out about two weeks ago.
The Nigerian suspects—Adefowora Olanipekun, Adefowora Oluwanisola, Emmanuel Uko, and Seyi Oloyede and the other four Kenyan suspects identified as Johnson Okiroh Otieno, Israel Mbaluka, Joseph Michiro Kabera, and Serah Michirowere accused of orchestrating fraudulent activities that reportedly led to significant financial losses for unsuspecting investors.

In a notice published across its official social media platforms on Friday, the anti-graft agency urged members of the public with useful information on the whereabouts of the suspects to come forward.

The EFCC emphasized its commitment to tracking down individuals involved in cyber-related financial crimes, especially within the rapidly growing digital asset space.

Similarly, operatives of the Lagos Zonal Directorate 2 of the Economic and Financial Crimes Commission (EFCC) arrested 15 individuals suspected of engaging in internet fraud.

The suspects were apprehended during a coordinated sting operation on Friday, April 25, 2025, at Maple and Jand Court, Royal Pine Estate, Orchid Road, Lekki, Lagos, local media reported.

The operation followed credible intelligence linking the individuals to various internet-related fraudulent activities.

Items recovered at the scene include several mobile phones, laptop computers, and luxury vehicles, all of which are believed to be proceeds of cybercrime.