The Economic and Financial Crimes Commission (EFCC) has cautioned Nigerians against the excessive desire for money.

The agency issued the advice in a terse post on its X handle on Sunday.

This is coming amid ongoing investigation into the alleged fraud perpetrated by a digital investment platform, CryptoBank Exchange (CBEX).

CBEX had reportedly crashed on April fourteen, leading to the loss of billions of naira belonging to Nigerian investors.

Several videos online had shown some Nigerians raising the alarm over the loss of their funds to the scheme.

The EFCC had on Friday declared eight persons wanted over their alleged involvement in a fraudulent scheme linked to the online trading platform.

The move came on the heels of the Federal High Court in Abuja granting the EFCC’s request to arrest and detain persons found promoting the CBEX scheme.