The identities of the promoters of the crashed online trading platform, CBEX have been revealed.
According to a report by an investigative online newspaper, FIJ, it unveiled the identities of some of the promoters of the fraudulent scheme.
The report revealed that the promoters of the platform operated under a company registered as ST Technologies International Limited.
ST Investment Co. Ltd reportedly partly launched itself into Nigeria and the people’s consciousness through media publications between January 27 and 28, 2025 promoting Charles as a thoroughbred investment expert and wealth manager.
The cross-published report stated, “It is worth mentioning that ST Investment Co. Ltd has also established an important strategic partnership with CryptoBridge Exchange. With his forward-looking strategic vision, Harold David Charles promotes cooperation between the two parties to provide investors with a safe, efficient and transparent digital asset trading environment.”
However, while CBEX was not registered as an entity, it was floated by ST Technologies International, which was registered with the Corporate Affairs Commission (CAC), and issued an anti-money laundering certificate with registration number SC 251514550 by the EFCC’s Special Control Unit Against Money Laundering (SCUML) on January 26.
It has other affiliates which include Smart Treasure and Super Technology, all of which were consistent with ST as initials.
A video clip from a Nigerian television station, ITV, identified one Adefowora Abiodun as the leader of ST Technologies International Limited, while another official, Oluwanisola Adefowora, was introduced as the company’s representative in Nigeria.
According to the report, others associated with CBEX included Seyi Oloyede and Emmanuel Uko, who were identified as members.
Abiodun had on February 10, 2025 led his team to open a CBEX office in Abuja, “I am introducing this platform to you again. It is called ST CBEX platform where we trade everyday, we make money and we live a good life. We encourage our people and we also bring people onboard so that you need to make money [alone], you don’t need to live a good life [alone]. Tell people about it. Let people know, let them come onboard and enjoy life.”
On November 30, 2024, a scantily-attended seminar was organised in Lagos where the attendees were encouraged to bring their “friends and enemies” to sign up, abandon salaried jobs and earn a month’s salary in a day.