3 weeks ago
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The proceedings of 2 of the promoters of Crypto Bridge Exchange (CBEX) implicit allegations bordering connected concern fraud was stalled connected Monday owed to the lack of the prosecution lawyer.
The News Agency of Nigeria (NAN) reports that Justice Mohammed Umar had, successful July, fixed contiguous for the proceedings of Awerosuo Otorudo and Chukwuebuka Ehirim, aft they were admitted to bail.
However, erstwhile the substance was called connected Monday, lone counsel for the defendants, Justice Otorudo, was successful court.
It was, however, learnt from the tribunal grounds that the Economic and Financial Crimes Commission (EFCC)’s lawyer had earlier filed a missive seeking an adjournment of the case.
Justice Umar subsequently adjourned the substance until November 5 for the commencement of the trial.
The justice had granted the duo bail successful the sum of N10 cardinal each with 2 sureties each successful similar sum.
The committee had arraigned the defendants connected an amended three-count complaint implicit allegations bordering connected amerciable fiscal operations and unlicensed concern activities.
In the complaint marked: FHC/ABJ/CR/216/2025, the defendants were alleged to person collected nationalist funds and promised up to 88 per cent returns connected concern without regulatory approval.
They, however, pleaded not blameworthy to the amended counts.
NAN reports that CBEX was 1 of respective integer platforms that collapsed aft allegedly collecting billions of naira from unsuspecting investors.
Justice Emeka Nwite of a sister tribunal had, connected April 24, fixed the EFCC the go-ahead to apprehension and detain six operators of CBEX implicit their engagement successful the fraud.
The judge, who issued the bid aft the EFCC’s lawyer, Fadila Yusuf, moved an ex parte motion, stated that the detention would beryllium pending the decision of the probe into the alleged offences and imaginable prosecution.
The six suspects see Adefowora Abiodun, Adefowora Oluwanisola, Emmanuel Uko, and Seyi Oloyede.
Others are Avwerosuo Otorudo and Chukwuebuka Ehirim arsenic the 1st to 6th defendants respectively.
The station Alleged concern fraud: Trial of 2 CBEX promoters suffers setback appeared archetypal connected Vanguard News.
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