Afrocover
  • Home
  • News
  • Politics & Policies
  • Africa-Wide
  • Opinions
  • Exclusive
  • About Us
    • Contact Us
No Result
View All Result
Afrocover
  • Home
  • News
  • Politics & Policies
  • Africa-Wide
  • Opinions
  • Exclusive
  • About Us
    • Contact Us
No Result
View All Result
Afrocover
No Result
View All Result

CBEX promoter submits self to EFCC

By Rasheed Aladejana

April 28, 2025
in News
0
CBEX promoter submits self to  EFCC
Share on FacebookShare on TwitterShare on Whatsapp

Adefowora Abiodun, one of the suspected promoters of the cryptocurrency trading platform, Crypto Bridge Exchange, who was recently declared wanted by the Economic and Financial Crimes Commission (EFCC), has voluntarily submitted himself to the anti-graft agency.

Abiodun, accompanied by his lawyers, reported at the EFCC headquarters around 4:00 p.m. on Monday, expressing his readiness to cooperate with investigators.

His lawyer, Babatunde Busari, confirmed the development, saying his client voluntarily surrendered to clear his name and correct the “false narrative” making the rounds in the media.

Read also: EFCC declares four wanted over alleged CBEX crypto investment fraud

Read more: CBEX investors will get their money back – EFCC assures

“My client decided to submit himself for investigation in order to clear his name and correct the false narrative being widely circulated in the media,” Busari said.

Last week Thursday, Justice Emeka Nwite of the Federal High Court in Abuja had granted the EFCC’s request to arrest and detain six promoters of Crypto Bridge Exchange pending the conclusion of investigations into their alleged offenses and possible prosecution.

All six individuals were subsequently declared wanted for their alleged involvement in a fraudulent investment scheme estimated at over $1 billion.

Following the court ruling and the EFCC’s declaration, Abiodun made the decision to present himself before the agency.

Meanwhile, the EFCC has continued its investigation into the alleged massive fraud involving Crypto Bridge Exchange (CBEX).

Related Posts

Abuja-London British Airways flight encounters faulty door, offloads 58  travellers
News

Abuja-London British Airways flight encounters faulty door, offloads 58 travellers

  Abuja to London flight of the British Airways has denied boarding of 58 passengers due to the aircraft's...

by Editor
August 15, 2025
Bauchi appoints Chinese national as economic adviser 
Africa-Wide

Bauchi appoints Chinese national as economic adviser 

Bauchi State has appointed a Chinese national, Mr. Li Zhensheng, as Economic Adviser to the state government in a...

by Rasheed Aladejana
August 15, 2025
FG neglect crippling polytechnics, ASUP Issues 21-day ultimatum
News

FG neglect crippling polytechnics, ASUP Issues 21-day ultimatum

The Academic Staff Union of Polytechnics (ASUP) has accused the Federal Government of neglecting critical issues affecting the polytechnic...

by Rasheed Aladejana
August 15, 2025
EFCC denies targeting Obasanjo library, arraigns suspected fraudsters today 
News

EFCC denies targeting Obasanjo library, arraigns suspected fraudsters today 

The Economic and Financial Crimes Commission (EFCC) has clarified that its recent sting operation, which led to the arrest...

by Rasheed Aladejana
August 15, 2025
Next Post
EFCC charges staff on professionalism, integrity

EFCC charges staff on professionalism, integrity

Afrocover news

The Afrocover team is a group of media enthusiasts that are committed to illuminate information fairness and objective media coverage across Africa. We also cover the depth of African Politics, History, Culture, Entertainment, and the Economy as the case may be.

© 2025 Afrocover – All right reserved

Subscribe To Our Newsletter

Loading
Facebook Twitter
No Result
View All Result
  • Home
  • News
  • Politics & Policies
  • Africa-Wide
  • Opinions
  • Exclusive
  • About Us
    • Contact Us

© 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.