Alleged $1bn fraud: Court gives EFCC go-ahead to arrest, detain six CBEX staff

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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 the investigation of the alleged offences and possible prosecution.“I have listened to the submission of the learner counsel for the applicant (EFCC).

“I have also gone through the affidavit evidence with exhibits thereto along with the written address.

“I am of the view, and I so hold, that the application is meritorious.

“Consequently, the application is granted as prayed,” the judge said.

The News Agency of Nigeria (NAN) reports that the six suspects include Adefowora Abiodun Olanipekun, Adefowora Oluwanisola, Emmanuel Uko, and Seyi Oloyede.

Others are Avwerosuo Otorudo and Chukwuebuka Ehirim as 1st to 6th defendants, respectively.

In the motion ex parte dated and filed April 23 by Yusuf, the anti-graft agency sought two prayers.

The commission sought an order of the honourable court for the issuance of a warrant of arrest for the defendants. Vanguard