The Economic and Financial Crimes Commission and the Securities and Exchange Commission have vowed to hunt down operators of Ponzi schemes nationwide.
The Federal Government agencies declared this on Wednesday following the collapse of the digital assets platform, CBEX.
The SEC, however, revealed that it had yet to receive formal complaints about the collapsed digital assets platform, while the EFCC said individuals who invested in the CBEX digital trading platform would get their money back.
Speaking during a live television programme on Arise TV, the Director-General of SEC, Emomotimi Agama, vowed that the commission would hunt down the fraudsters.
CBEX, which claims to use artificial intelligence for trading in crypto and promised 100 per cent returns in 30 days, collapsed on Monday, with an estimated N1.3tn lost.
Speaking on the show, Agama said, “As we speak today at this hour, we have not received any formal complaint from anyone regarding CBEX because if we had received any formal complaint regarding CBEX, the team at SEC would have swung into action to get who and who is involved.”
