{"id":64862,"date":"2025-04-26T13:40:23","date_gmt":"2025-04-26T13:40:23","guid":{"rendered":"https:\/\/abujacityjournal.com\/livenews\/?p=64862"},"modified":"2025-04-26T13:40:23","modified_gmt":"2025-04-26T13:40:23","slug":"cbex-scam-efcc-hunts-four-over-crypto-fraud","status":"publish","type":"post","link":"https:\/\/abujacityjournal.com\/livenews\/2025\/04\/26\/cbex-scam-efcc-hunts-four-over-crypto-fraud\/","title":{"rendered":"CBEX Scam: EFCC Hunts Four Over Crypto Fraud"},"content":{"rendered":"<p><strong>By Patrick Idowu<\/strong><\/p>\n<p>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.<\/p>\n<p>The suspects are Adefowora Olanipekun, Adefowora Oluwanisola, Emmanuel Uko and Seyi Oloyede.<\/p>\n<p>The commission\u2019s 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.<\/p>\n<p>The order, granted on Thursday, empowered the EFCC to arrest and detain six individuals connected to the CBEX scam.<\/p>\n<p>Apart from the four declared wanted, Avwerosuo Otorudo and Chukwuebuka Ehirim are also named in the case.<\/p>\n<p>According to EFCC counsel, Fadila Yusuf, the suspects fled their last known addresses in Lagos and Ogun states during the investigation.<\/p>\n<p>The commission told the court that obtaining a warrant was crucial to place the suspects on a watch list and fast track their arrest.<\/p>\n<p>The court agreed, issuing a warrant to aid the EFCC in apprehending the defendants and concluding its investigation.<\/p>\n<p>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.<\/p>\n<p>Preliminary findings show that about 1.3 trillion naira was wiped out from investors&#8217; accounts after the platform collapsed.<\/p>\n<p>The commission is urging the public to assist with information that could lead to the arrest of the wanted individuals.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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\u2019s Head of Media and Publicity, Dele Oyewole, announced the development in [&hellip;]<\/p>\n","protected":false},"author":32,"featured_media":64863,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[181],"tags":[59],"class_list":["post-64862","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crime","tag-featured"],"aioseo_notices":[],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/64862","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/users\/32"}],"replies":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/comments?post=64862"}],"version-history":[{"count":1,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/64862\/revisions"}],"predecessor-version":[{"id":64864,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/64862\/revisions\/64864"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media\/64863"}],"wp:attachment":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media?parent=64862"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/categories?post=64862"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/tags?post=64862"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}