365NEWS gathered that Fresh investigations have revealed the identities of individuals behind CryptoBridge Exchange (CBEX), the notorious investment scheme that defrauded unsuspecting Nigerians of over ₦1.3 trillion.
The fraudulent scheme, disguised as a fast track path to wealth, lured investors with promises of massive returns—despite offering no genuine economic value.
By April 2025, CBEX had completely crashed, leaving thousands of Nigerians in shock and financial ruin.
The first signs of trouble emerged when investors could no longer access their CBEX dashboards. While initial reactions ranged from confusion to denial, reality soon set in—the funds were gone.
Following the public outcry, the Economic and Financial Crimes Commission (EFCC) announced a full-scale investigation into the collapsed scheme. The Securities and Exchange Commission (SEC) also weighed in, confirming that CBEX was never licensed to operate within Nigeria’s capital market.
According to a detailed report by the Foundation for Investigative Journalism (FIJ), CBEX was linked to ST Investment Co., Ltd., a shadowy company founded by Harold David Charles, a 55-year-old British national. Marketed as a “wealth management expert,” Charles launched CBEX in Nigeria in January 2023 through a well-coordinated media blitz. However, FIJ found that ST Investment Co., Ltd. was not officially registered, though an affiliate company—ST Technologies International—was registered with Nigeria’s Corporate Affairs Commission (CAC) and had obtained an anti-money laundering certificate.
Further investigations traced a trail of similarly named entities like Smart Treasure and Super Technology, all following the “S.T.” naming pattern and linked to the now-defunct scheme.
FIJ also identified a number of prominent Nigerian promoters of CBEX, including Adefowora Abiodun and Oluwanisola Adefowora—believed to be either siblings or a couple—alongside Seyi Oloyede and Emmanuel Uko. These individuals allegedly played key roles in publicizing and legitimizing the scheme among local investors.
Despite mounting evidence, the identified promoters have remained silent, refusing to answer questions about their involvement or the whereabouts of the missing funds.
As authorities dig deeper into the scam, thousands of affected investors continue to seek justice and restitution, while regulatory bodies ramp up efforts to clamp down on unlicensed investment platforms exploiting Nigeria’s financial system.
