Economic and Financial Crimes Commission EFCC and Interpol have launched an investigation into the N1.3 trillion frauds perpetrated through a digital investment platform, CBEX.
CBEX, operated by a group of foreign nationals in collaboration with their Nigerian partners, reportedly collapsed on Monday.
Recall, many Nigerians have begun counting losses after the popular trading platform, CBEX failed to approve withdrawal returns on investment to investors.
The EFCC has signaled intention to partner with International Police INTERPOL begin a full scale probe on the alleged scam.
Details later.