Nigeria, April 16 -- Following the collapse of digital investment platform CryptoBank Exchange (CBEX), which has reportedly defrauded investors of over N1.3 trillion, the Economic and Financial Crimes Commission (EFCC) has reaffirmed its warnings to Nigerians about the dangers of Ponzi schemes, which it described as a way of frauding innocent citizens

Speaking on Channels Television's breakfast show - 'The Morning Brief' - on Wednesday, EFCC spokesperson, Dele Oyewale, said the commission had taken proactive steps to educate the public about illegal and unrealistic investment schemes.

"You'll recall that on March 11 this year, the Executive Chairman of the EFCC, Mr. Ola Olukoyede, instructed us to alert Nigerians about 58 Ponzi scheme c...