Wanted CBEX promoter surrenders to EFCC

Wanted CBEX promoter surrenders to EFCC

In a major development in the ongoing investigation into the cryptocurrency trading platform, Crypto Bridge Exchange (CBEX), one of the suspects, Adefowora Abiodun, has voluntarily surrendered to the Economic and Financial Crimes Commission (EFCC).

Abiodun, who was recently declared wanted by the anti-graft agency, turned himself in on Monday. His surrender follows a ruling by Justice Emeka Nwite of the Federal High Court in Abuja, who last Thursday granted the EFCC’s request to arrest and detain six promoters of CBEX.

Abiodun, alongside five others – Adefowora Oluwanisola, Emmanuel Uko, Seyi Oloyede, Avwerosuo Otorudo, and Chukwuebuka Ehirim – was declared wanted by the EFCC following submissions made by the commission’s counsel, Fadila Yusuf.

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After hearing the EFCC’s application, Justice Nwite ruled, “I have listened to the submission of learned counsel for the applicant (EFCC). I have also reviewed the affidavit evidence and exhibits, along with the written address. I am satisfied that the application is meritorious and hereby grant it as prayed.”

All six promoters were declared wanted by the EFCC for their alleged involvement in a fraudulent investment scheme valued at over $1 billion.

Following the declaration, Abiodun, accompanied by his lawyers, turned himself in at the EFCC headquarters at around 4:00 p.m. on Monday.

Abiodun expressed his willingness to cooperate with the EFCC.

Counsel to the suspect, Babatunde Busari, stated that his client decided to submit himself for investigation to clear his name and correct the false narrative being widely circulated in the media.

 

Wanted CBEX promoter surrenders to EFCC