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Justice Emeka Nwite of the Federal High Court Abuja has granted the request of the Economic and Financial Crimes Commission (EFCC) to arrest and detain six promoters of Crypto Bridge Exchange (CBEX) over alleged investment fraud amounting to over $1 billion.
Justice Nwite issued the order following submissions by the counsel to the EFCC, Fadila Yusuf.
The six promoters named in an ex parte motion dated and filed on April 23 include – Adefowora Olanipekun, Adefowora Oluwanisola, Emmanuel Uko, Seyi Oloyede, Avwerosuo Otorudo, and Chukwuebuka Ehirim.
The EFCC, in the motion argued by Yusuf, sought the court’s approval to detain the promoters pending the conclusion of investigations into the alleged offences and their possible prosecution.
