Abuja, FCT – A Federal High Court in Abuja has authorized the arrest and detention of six individuals linked to the Crypto Bridge Exchange (CBEX) over an alleged investment scam involving more than $1 billion.
Justice Emeka Nwite issued the order on Thursday following an ex parte motion brought before the court by Fadila Yusuf, counsel to the Economic and Financial Crimes Commission (EFCC).
According to Paparazzi Online, the accused—Adefowora Abiodun Olanipekun, Adefowora Oluwanisola, Emmanuel Uko, Seyi Oloyede, Avwerosuo Otorudo, and Chukwuebuka Ehirim—were listed as the 1st to 6th defendants in the case.
The EFCC sought two key reliefs: a warrant for the arrest of the defendants and an order to detain them in the commission’s custody pending the outcome of investigations and potential prosecution.
The commission argued that it has a statutory obligation to prevent and investigate financial crimes, and the suspects, who are reportedly at large, need to be arrested for proper legal proceedings to take place.
In his ruling, Justice Nwite said: “I have listened to the submission of learned counsel for the applicant and reviewed the supporting affidavit and exhibits. I am satisfied that the application has merit.”
He subsequently granted the EFCC’s request, allowing the agency to proceed with the arrests and detain the suspects pending further investigation.
