The Nigerian Federal Higher Court has granted the Economic and Financial Crime Committee (EFCC) permission to arrest and maintain six cryptos bridge exchanges (CBEX) Heist -Protor.
Responsible Judge EMEKA NWIT decision After EFCC lawyer Fadila Yusuf asked it outside the court.
EFCC announces six CBEX promoters who wanted over 1.3 trillion ponz schemes
The Economic and Financial Crime Committee (EFCC) has declared six persons who wish to have a 1.3 trillion cryptos bridge exchange (CBEX) ponz scheme. The suspects are:
• Adefowora… pic.twitter.com/61iyx5nzek– Naiajawide Media (@naijawide01) April 25, 2025
The application shows that EFCC suspects six people. Their names are Adephora Olanipecun, Adephorora Oluwanisola, Emmanuel Uco, Seyi Oloyede, Avwerosuo Otorudo and Chukwuebuka Ehirim. They are all responsible for more than a billion dollar for investment fraud.
The defendants used their company to promote CBEX via ads
In a document supporting the proposal, the EFCC said that the initial investigation of the information showed that the defendants used their company St Technologies International Limited to promote another CBEX, making ads and misleading people in CBEX investment platform cryptocurrency investment.
The EFCC said the defendants promised the unrealistic investment profit of up to 100% investment in their ads. At first, the victims had complete access to the platform to keep an eye on their money. But later they lost access Cbex Investment place and could no longer return its investments made.
“The victims were made to change their digital property into USDT stability to get the suspected crypto wallet down,” Said Yusuf.
In addition, the investigation was found that St Technologies International Limited was listed in the Business Affairs Committee (CAC). However, for investment purposes, it was not listed by the Securities and Exchange Committee (SEC).
It was also found that the suspects had moved out of their last known address in the states of Lagos and Ogun. Therefore, the anti -groom office announced that they had to obtain an arrest order to add the clock list to the defendants. This would allow the authorities to face the suspects against them.
EMEKA NWITE said in his decision, “I have listened to the applicant for the applicant. I have also studied evidence and added exhibits with a written address. I am of the opinion and I am in such a way that the application is in favor.
Nigeria SEC signs new rules as cryptocurrencies are more professional
Nigeria SEC made a new rule, according to his father's 2025 year, which was signed by President Bola Tinubu, now illegal if each organization organizes a web -based Forex trading platform or provides related services without registering for the first time in the Commission.
In his statement he said “Because of this law, it is a crime in Nigeria for every unit that the Commission did not register for online exchange exchange trading platforms or related services.”
In US The FBI Internet Crime Complaints Center (IC3), 2024 The annual report draws a tough picture. Last year, Americans reported more than 859,000 hacking cases, costing a record $ 16.6 billion, 33% more than 2023.
Web fraud has grown into a global, more industrial business with a loss of $ 16.6 billion and an average of more than 2,000 complaints. They have moved forward with one -off fake emails.
Now there are international scams, AI power supply identity thefts and investment schemes that look like venture capital companies. There are also special “customer service” representatives, social media teams and even performance bonuses for fraudsters earn a certain amount of money.
Seniors, crypto investors and even real estate buyers are now on the front of the digital fraud.
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