CBEX Fraud Suspect Surrenders Voluntarily To EFCC

 

In a surprising turn of events in Nigeria’s rapidly unfolding crypto fraud investigation, one of the key figures linked to the embattled Crypto Bridge Exchange (CBEX) has voluntarily turned himself in to the Economic and Financial Crimes Commission (EFCC).

Adefowora Abiodun, one of the eight individuals declared wanted last week for allegedly orchestrating a staggering $1 billion investment scam, walked into the EFCC headquarters in Abuja at approximately 4 p.m. on Monday, April 28. Accompanied by a team of lawyers, Abiodun expressed readiness to cooperate fully with the anti-graft agency.

The EFCC had secured a court order from Justice Emeka Nwite of the Federal High Court, authorizing the arrest and detention of the CBEX suspects. The judge, citing compelling evidence submitted by the EFCC, ruled that the application was “meritorious” and approved the agency’s request.

According to the EFCC, the suspects were involved in a crypto investment scheme that allegedly duped investors out of over a billion dollars, sparking nationwide outrage and panic within Nigeria’s digital finance community.

Speaking on behalf of his client, legal counsel Babatunde Busari, Esq., stated that Abiodun was turning himself in to “set the record straight” and challenge the narrative that had painted him as a fugitive. “He is here to clear his name,” Busari emphasized.

As the investigation intensifies, the public and investors alike await further updates from the EFCC on the fate of the remaining suspects and the possibility of recovering the allegedly misappropriated funds.