The Federal High Court in Abuja has approved the request of the Economic and Financial Crimes Commission to arrest and detain six promoters of Crypto Bridge Exchange over an alleged investment fraud amounting to over $1 billion.
Justice Emeka Nwite gave the order on Thursday after listening to submissions from the EFCC’s lawyer, Fadila Yusuf.
The six individuals named in the ex parte motion filed on April 23 are Adefowora Olanipekun, Adefowora Oluwanisola, Emmanuel Uko, Seyi Oloyede, Avwerosuo Otorudo, and Chukwuebuka Ehirim.
The EFCC sought the court’s permission to arrest and keep the suspects in custody while investigations continue and possible charges are prepared.
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