Wanted CBEX promoter surrenders to EFCC

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Adefowora Abiodun, one of the individuals linked to the cryptocurrency trading platform Crypto Bridge Exchange (CBEX), has voluntarily surrendered to the Economic and Financial Crimes Commission (EFCC).

Accompanied by his legal team, Abiodun reported to the EFCC headquarters at 4 p.m. on Monday, April 28, expressing his willingness to cooperate fully with the ongoing investigation.

His surrender follows the EFCC’s recent declaration of Abiodun and seven others as wanted persons in connection with an alleged $1 billion fraudulent investment scheme. Last week, Justice Emeka Nwite of the Federal High Court in Abuja granted the EFCC’s request to arrest and detain the suspects pending the outcome of the investigation and potential prosecution.

In granting the application, Justice Nwite stated:

“I have listened to the submission of learned counsel for the applicant (EFCC). I have also gone through the affidavit evidence and exhibits, along with the written address. I am satisfied that the application is meritorious and hereby grant it as prayed.”

Speaking to the media, Abiodun’s counsel, Babatunde Busari, Esq., noted that his client chose to come forward to clear his name and correct what he described as a misleading public narrative.

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