LAGOS – Despite an ongoing investigation into a massive N1.2 trillion digital trading fraud that reportedly affected over 600,000 Nigerians, embattled investment platform Crypto Bridge Exchange (CBEX) has resumed operations—reigniting concerns among regulators and financial watchdogs. Two traders told to The PUNCH on Wednesday that the digital trading firm, which abruptly collapsed on April 14,…
The Economic and Financial Crimes Commission (EFCC) on Thursday arraigned three men at the Lagos Special Offences Court, Ikeja, for alleged N46.3 million forex fraud. The suspects – Osita Nduh, Elder Ugbine, and Idika Williams were arraigned alongside a company, Destiny Osita International Limited, on a four-count charge of conspiracy, stealing, obtaining by false pretence…
PORT HARCOURT – Operatives of Port Harcourt’s Zonal Directorate of the Economic and Financial Crimes Commission (EFCC) have arrested Thirty-Seven (37) suspected internet fraudsters. Converseer reports the suspects were arrested in Port Harcourt, Rivers State, on Tuesday, 8 April 2025, in an operation code-named “Operation Eagle Sweep.” “They were arrested for alleged internet fraud after…
Abuja, Nigeria – Operatives of the Economic and Financial Crimes Commission (EFCC) on Monday 24th March 2025 busted a Ponzi Scheme Academy and arrested 133 suspects in Abuja. Converseer learned that the suspects were arrested at the Compensation Layout in the Gwagwalada area of the Federal Capital Territory (FCT), Abuja, following actionable intelligence on the…
Uyo, Nigeria – Operatives of the Economic and Financial Crimes Commission (EFCC) have arrested 23 suspected internet fraudsters popularly known as Yahoo Boys in Uyo, Akwa Ibom State capital. Converseer gathered that 10 suspects were arrested by the operatives of the Uyo Zonal Directorate of the EFCC on Thursday 20th March 2025 in a coordinated…
