BREAKING: Court orders arrest, remand of 6 CBEX promoters over alleged $1 billion scam targeting Nigerian victims
The Federal High Court in Abuja has ordered the arrest and remand of six promoters of the now-collapsed and fraudulent cryptocurrency investment scheme known as “CBEX,” over an alleged $1 billion scam targeting Nigerian victims.
Justice Emeka Nwite granted the order on Thursday following an ex parte motion filed by the Economic and Financial Crimes Commission (EFCC) against Adefowora Abiodun Olanipekun, Emmanuel Oku, and four other defendants.
The Commission alleges that the defendants used a company called ST Technologies to promote CBEX, luring Nigerians to invest.
Nairametrics previously reported that EFCC spokesman Dele Oyewale had pledged to recover Nigerians’ lost investments in the alleged N1.3 trillion CryptoBank Exchange scam, promising action in collaboration with Interpol and other international agencies.
The EFCC made this commitment while addressing public concerns over the massive losses suffered by Nigerians who invested in CryptoBank Exchange, a digital investment platform currently under investigation for fraud totaling N1.3 trillion.
