Nigeria’s EFCC Issues Arrest Warrant for Six CBEX Promoters

A federal high court in Nigeria has granted the Economic and Financial Crimes Commission (EFCC) permission to arrest and detain six individuals suspected of running a massive Ponzi scheme with the Crypto Bridge Exchange (CBEX). The suspects, Adefowora Olanipekun, Adefowora Oluwanisola, Emmanuel Uko, Seyi Oloyede, Avwerosuo Otorudo, and Chukwuebuka Ehirim, are being investigated for an alleged $1.3 trillion investment fraud.