Alleged $1bn Fraud: Court gives EFCC nod to arrest CBEX staff

Court orders arrest of CBEX promoters - Daily Trust

A Federal High Court in Abuja has ordered the arrest of six Crypto Bridge Exchange (CBEX) promoters over investment fraud. Justice Emeka Nwite gave the order following an ex parte application filed by the Economic and Financial Crimes Commission (EFCC) through Fadila Yusuf, its counsel. The six suspects are Adefowora Olanipekun, Adefowora Oluwanisola, Emmanuel Uko, Seyi Oloyede, Avwerosuo Otorudo and Chukwuebuka Ehirim. They anti-graft commissio…

EFCC secures warrant to arrest 6 CBEX promoters over $1bn fraud

The Economic and Financial Crimes Commission (EFCC) has been granted the permission to arrest and detain six Crypto Bridge Exchange (CBEX) promoters over allegations of investment fraud to the tune of over one billion dollars. The order was granted by Justice Emeka Nwite of the Federal High Court in Abuja, who presided over a case in which EFCC counsel Fadila Yusuf made an ex parte application. In the application, the anti-corruption agency list…

Alleged $1bn Fraud: Court gives EFCC nod to arrest CBEX staff

The Federal High Court in Abuja, on Thursday, gave the Economic and Financial Crimes Commission, EFCC, the go-ahead to arrest and detain six promoters of Crypto Bridge Exchange, CBEX, over alleged investment fraud to the tune of over one billion dollars. Justice Emeka Nwite, who gave the order after the EFCC’s lawyer, Fadila Yusuf, moved an ex-parte motion to the effect, said the detention would be pending the conclusion of investigation of the …

EFCC to arrest six CBEX promoters

The post EFCC to arrest six CBEX promoters appeared first on Kemi Filani. The Economic and Financial Crimes Commission (EFCC) has been given permission by the Federal High Court in Abuja to arrest and detain six alleged promoters of Crypto Bridge Exchange (CBEX). The culprits were recently involved in a massive cryptocurrency investment fraud worth over $1bn. Justice Emeka Nwite gave the order on Thursday following an ex […] The post EFCC to arr…

Court Orders Arrest of Six CBEX Promoters Over Alleged $1 Billion Crypto Fra¥d

Court Orders Arrest of Six CBEX Promoters Over Alleged $1 Billion Crypto Fra¥d Justice Emeka Nwite of the Federal High Court in Abuja has ordered the arrest and remand of six individuals linked to the controversial cryptocurrency scheme known as CBEX. The suspects, including Adefowora Abiodun Olanipekun and Emmanuel Oku, are accused of defra¥ding Nigerian investors of over $1 billion through a company called ST Technologies, which allegedly prom…

$1bn fraud: Court gives EFCC nod to arrest, detain CBEX staff

The Federal High Court in Abuja Thursday gave the Economic and Financial Crimes Commission (EFCC) the go-ahead to arrest and detain six promoters of Crypto Bridge Exchange (CBEX) over alleged Source