COURT ORDERS EFCC TO ARREST SIX CBEX PROMOTERS

The Federal High Court in Abuja has granted the Economic and Financial Crimes Commission permission to arrest and detain six alleged promoters of Crypto Bridge Exchange, recently involved in a massive cryptocurrency investment fraud worth over $1bn.

Justice Emeka Nwite gave the order on Thursday following an ex parte application filed by the EFCC and argued by its counsel, Fadila Yusuf.

The six individuals named in the motion are Adefowora Olanipekun, Adefowora Oluwanisola, Emmanuel Uko, Seyi Oloyede, Avwerosuo Otorudo, and Chukwuebuka Ehirim.

They are alleged to be behind a fraudulent investment scheme operated through a platform known as Crypto Bridge Exchange.

The EFCC’s application, dated and filed on April 23, sought two key reliefs: the issuance of arrest warrants against the defendants and an order to remand them in EFCC custody pending the conclusion of investigations and possible prosecution.

According to Yusuf, the EFCC received intelligence in April 2025 linking the suspects to a sophisticated investment fraud.

The suspects allegedly used a company, ST Technologies International Limited, to promote the CBEX platform, persuading members of the public to invest in cryptocurrency with promises of unrealistic returns—up to 100%.

Comments

Post a Comment

Popular posts from this blog

APPLY: Nigerian Army Announces 2026 Recruitment Exercise For Short Service Intake

Image
The Nigerian Army has officially commenced applications for its Short Service Combatant Commission (SSC) Course 49/2026, inviting qualified Nigerians to apply and serve as commissioned officers . The recruitment, which began on October 9, 2025, will close on November 12, 2025, and is open to both serving military personnel and eligible civilians who meet the required qualifications. Applicants must be Nigerian citizens by birth, aged between 23 and 27 years as of January 9, 2026. Civilian candidates are also required to submit letters of attestation from credible individuals such as a Local Government Chairman, Secretary, or senior military/police officer not below the rank of Lieutenant Colonel or Assistant Commissioner of Police. Successful candidates will undergo intensive military training before commissioning into combat and combat-support roles within the Nigerian Army. Basic Requirements: Must be medically, physically, and mentally fit. Minimum height: 1....
Read more

WAEC Announces Job Vacancies (Apply Now)

Image
The West African Examinations Council (WAEC) has announced multiple job openings across its Nigeria National Office, calling on qualified professionals to apply for positions that cut across administration, finance, auditing, and medical services. In a statement released from its Headquarters in Accra, Ghana, the Council said the recruitment exercise aims to strengthen operations in Nigeria and uphold WAEC’s standards in educational assessment across West Africa. Applications are to be submitted online via https://www.waecnigeria.org/jobs/applink on or before Tuesday, November 21, 2025 at 10:00 a.m. The Council noted that only shortlisted candidates will be contacted. General requirements WAEC emphasized that all applicants must: Be proficient in modern office software and web-based systems. Possess excellent communication, analytical, and interpersonal skills. Have five credits in WASSCE/SSCE/GCE ‘O’ Level, including English Language and Mathematics at a sitting, or six c...
Read more

BREAKING: State Government Declares Tuesday Public Holiday for Teachers’ Celebration

Image
BREAKING: State Government Declares Tuesday Public Holiday for Teachers’ Celebration Anambra State Government has declared Tuesday a public holiday for school children to celebrate and honor teachers in the state. In a statement issued in Awka on Monday, the State Commissioner for Education, Prof. Ngozi Chuma-Udeh, explained that the school-free day on Tuesday is designed to celebrate teachers who have contributed significantly to shaping the future of the state, Top Tori reports. According to the statement, the Solution Parents League will hold a mega endorsement march to express appreciation for Governor Soludo’s revolution in the education sector. The statement further noted that the Association of Private School Owners will join the Solution Parents League in the endorsement march to show their support for Soludo’s educational reforms. “In view of the fact that the 2025 World Teachers’ Day falls on a Sunday, the State Governor, Chukwuma Charles Soludo, has ...
Read more