Court has ordered arrest and remand of 6 promoters of CBEX Ponzi Scheme.
NaijaOnPoint Nigeria reports that the Federal High Court sitting in Abuja presided over by Justice Emeka Nwite has ordered the arrest and remand of six promoters of the alleged fraudulent cryptocurrency investment scheme known as CBEX.
This Nigeria news platform understands that the order was issued over alleged $1billion fraud perpetrated against their Nigerian victims.
Justice Nwite granted the order on Thursday following an ex parte motion filed by the Economic and Financial Crimes Commission (EFCC) against Adefowora Abiodun Olanipekun, Emmanuel Oku, and four other defendants.
The commission alleged that the defendants used a company called ST Technologies to promote CBEX through which it lured Nigerians to invest in CBEX.
The EFCC had vowed to recover Nigerians’ lost investments in the alleged N1.3 Trillion CryptoBank Exchange scam, promising action in collaboration with Interpol and other international agencies.
The anti-graft agency made this commitment while addressing public concerns over the massive losses suffered by Nigerians who invested in CryptoBank Exchange, a digital investment platform currently under investigation for fraud estimated at N1.3 trillion.