Wanted CBEX promoter surrenders to EFCC

One of the suspected promoters of the cryptocurrency trading platform, Crypto Bridge Exchange, Adefowora Abiodun, who was recently declared wanted by the Economic and Financial Crimes Commission, voluntarily surrendered himself to the anti-graft agency on Monday.

Justice Emeka Nwite of the Federal High Court in Abuja, in a ruling on Thursday last week, approved the EFCC’s request to arrest and detain six promoters of CBEX pending the conclusion of investigations into the alleged offenses and possible prosecution.

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.

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.

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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.