Wanted CBEX promoter surrenders to EFCC

One of the suspected promoters of the cryptocurrency trading platform, Crypto Bridge Exchange (CBEX), Adefowora Abiodun, has voluntarily turned himself in to the Economic and Financial Crimes Commission (EFCC).

Abiodun, accompanied by his lawyers, turned himself in at the EFCC headquarters at 4pm on Monday, April 28, and expressed his willingness to cooperate with investigators. 

The EFCC had last week declared him and seven others wanted over alleged involvement in a fraudulent investment scheme valued at over $1 billion. Justice Emeka Nwite of the Federal High Court in Abuja had granted an application by the EFCC to arrest and detain the suspected CBEX promoters pending the conclusion of investigations and possible prosecution.

In granting the application, Justice Nwite said;

“I have listened to the submission of learned counsel for the applicant (EFCC). I have also gone through the affidavit evidence and exhibits, along with the written address. I am satisfied that the application is meritorious and hereby grant it as prayed.”

Speaking on behalf of his client, counsel Babatunde Busari, Esq., said Abiodun decided to submit himself for investigation to clear his name and correct the narrative in the media.

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