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CBEX Scam: EFCC Hunts Four Over Crypto Fraud

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By Patrick Idowu

The Economic and Financial Crimes Commission has declared four individuals wanted over an alleged billion naira investment fraud linked to Crypto Bridge Exchange, a digital trading platform.

The suspects are Adefowora Olanipekun, Adefowora Oluwanisola, Emmanuel Uko and Seyi Oloyede.

The commission’s Head of Media and Publicity, Dele Oyewole, announced the development in a statement on Friday, following a court order issued by Justice Emeka Nwite of the Federal High Court in Abuja.

The order, granted on Thursday, empowered the EFCC to arrest and detain six individuals connected to the CBEX scam.

Apart from the four declared wanted, Avwerosuo Otorudo and Chukwuebuka Ehirim are also named in the case.

According to EFCC counsel, Fadila Yusuf, the suspects fled their last known addresses in Lagos and Ogun states during the investigation.

The commission told the court that obtaining a warrant was crucial to place the suspects on a watch list and fast track their arrest.

The court agreed, issuing a warrant to aid the EFCC in apprehending the defendants and concluding its investigation.

In a supporting affidavit, the EFCC revealed that the suspects, operating through their company ST Technologies International Limited, promoted Crypto Bridge Exchange by running advertisements that lured unsuspecting investors with promises of a one hundred percent return in thirty days.

Preliminary findings show that about 1.3 trillion naira was wiped out from investors’ accounts after the platform collapsed.

The commission is urging the public to assist with information that could lead to the arrest of the wanted individuals.

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Crime

EFCC Storms Lagos, Nabs 120 for Internet Scam

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By Njoku Chijioke

In a sweeping crackdown on cybercrime, the Economic and Financial Crimes Commission has arrested 120 suspected internet fraudsters in Lagos.

The suspects include 95 men and 25 women. According to the commission, the arrests followed credible intelligence and days of covert surveillance.

Items recovered during the raid include exotic vehicles, mobile phones, and laptops, all believed to be proceeds of online fraud.

The anti-graft agency stated that investigations are ongoing and the suspects will be arraigned in court upon conclusion of preliminary findings.

The EFCC reaffirmed its resolve to confront cybercrime and other financial offenses head-on, vowing not to relent in its mission to cleanse the system.

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Crime

Gunmen Attack Pasuma’s Convoy

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By Adenike Lawal

Fear gripped residents of Ikire in Osun State on Sunday afternoon as armed men launched a daring daylight attack on the convoy of Fuji star, Alhaji Wasiu Alabi, popularly known as Pasuma.

The attack occurred in the Irewole axis of the town as Pasuma’s black Hummer SUV and a white Hilux pickup were ambushed by suspected thugs.

The vehicles were pelted with stones and reportedly came under gunfire, sending bystanders fleeing for safety.

A video from the scene, now viral on social media, captured the moment of chaos.

In the clip, a shaken voice cried out in Pidgin English, “Kasala don burst for Ikire. They don attack us. They carry gun shoot us but God dey.”

Pasuma was in town for a performance and is believed to have escaped unhurt.

However, details surrounding his visit and the motive behind the attack remain sketchy.

The incident forced shops to shut down temporarily while residents expressed deep worry over rising insecurity.

As of press time, efforts to reach the singer’s team proved abortive, and the Osun State Police Command had yet to release an official statement.

The brazen nature of the assault has triggered alarm across the region, highlighting concerns over safety during celebrity visits and public gatherings.

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Crime

Ekpa Faces Terror Charges in Finland Over Biafra Campaign

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By Adenike Lawal

Simon Ekpa, a dual citizen of Nigeria and Finland, is facing serious criminal charges in Finland for allegedly inciting terrorism linked to his pro-Biafra agitation.

Finland’s National Prosecution Authority confirmed that a Finnish national has been charged with publicly inciting crimes with terrorist intent and allegedly participating in a terrorist organization.

Though unnamed in the official statement, multiple reports from YLE, Finland’s public broadcaster, and Nigerian sources identify the suspect as Ekpa.

The charges cover a period from 2021 to 2024 and focus on activities traced to the city of Lahti.

Authorities allege Ekpa used digital platforms to encourage unrest in Nigeria’s southeast under the banner of Biafra independence.

Ekpa, who styles himself as leader of the so-called Biafra Republic Government in Exile, is linked to a faction of the outlawed Indigenous People of Biafra.

Nigerian authorities accuse him of fueling violence through broadcasts that have incited attacks on civilians and public institutions.

Though Ekpa was detained in November 2024 and remains in custody, he denies all allegations.

Four others earlier suspected of funding terrorism were released due to insufficient evidence.

This case highlights the growing challenge of policing cross-border extremism driven by online influence and diaspora activism.

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