US EditionNigeria: Court Orders Arrest, Remand of Six Cbex Promoters Over Alleged $1 Billion Ponzi Scheme
- Federal High Court in Abuja ordered arresting six Crypto Bridge Exchange promoters on Thursday.
- The order followed an EFCC motion regarding alleged investment fraud by the promoters.
- Justice Emeka Nwite granted the request to remand suspects pending investigation and prosecution.
- EFCC lawyer Fadila Yusuf stated the case involves a scam worth over one billion dollars.
- Authorities seek the suspects, who remain at large, for their role in the collapsed scheme.
42 Articles
42 Articles
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…
Daily Post Nigeria
Nigerian News. Latest Nigeria News. Your online Nigerian Newspaper.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 Declares Four Suspects Wanted Over CBEX Crypto Fraud
April 26, (THEWILL) – The Economic and Financial Crimes Commission (EFCC) has declared four persons wanted over their alleged roles in a fraudulent scheme linked to the online trading platform, Crypto Bridge Exchange, better known as CBEX. The Federal High Court, Abuja, on Thursday, ordered the Commission to arrest and detain six promoters of CBEX, […] The post EFCC Declares Four Suspects Wanted Over CBEX Crypto Fraud appeared first on THEWILL N…
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