{"id":117947,"date":"2025-04-25T18:35:09","date_gmt":"2025-04-25T17:35:09","guid":{"rendered":"https:\/\/pointblanknews.com\/pbn\/?p=117947"},"modified":"2025-04-25T18:35:09","modified_gmt":"2025-04-25T17:35:09","slug":"efcc-seeks-arrest-of-six-in-1-billion-crypto-scheme","status":"publish","type":"post","link":"https:\/\/pointblanknews.com\/pbn\/news\/efcc-seeks-arrest-of-six-in-1-billion-crypto-scheme\/","title":{"rendered":"EFCC Seeks Arrest of Six in $1 Billion Crypto Scheme"},"content":{"rendered":"<div id=\"m#msg-f:1830375784761210648\" class=\"mail-message expanded\">\n<div class=\"mail-message-header spacer\" style=\"text-align: justify;\">By Lizzy Chirkpi<\/div>\n<div id=\"m#msg-f:1830375784761210648-content\" class=\"mail-message-content collapsible zoom-normal mail-show-images \" style=\"text-align: justify;\">\n<div class=\"clear\">\n<div dir=\"ltr\">\n<div>\n<p>Amid the ongoing narrative surrounding the controversial CBEX cryptocurrency scheme, a significant development has emerged. Justice Emeka Nwite of the Federal High Court in Abuja has now ordered the arrest and remand of six individuals linked to this alleged operation.<\/p>\n<p>&nbsp;<\/p>\n<p>These individuals, identified as Adefowora Abiodun Olanipekun and Emmanuel Oku, stand accused of defrauding Nigerian investors of over $1 billion through a company called ST Technologies, the entity reportedly behind the promotion of CBEX.<\/p>\n<p>&nbsp;<\/p>\n<p>This legal action follows the Economic and Financial Crimes Commission (EFCC)&#8217;s persistent efforts in investigating the scheme, culminating in an ex parte motion. According to the EFCC&#8217;s findings in the ongoing saga, \u201cThe accused lured unsuspecting Nigerians to invest in CBEX under false pretences, leading to substantial financial losses.\u201d<\/p>\n<p>&nbsp;<\/p>\n<p>Explaining further, the agency suggested the alleged scheme may have had international dimensions, stating, \u201cThe EFCC has pledged to recover the lost funds, valued at over N1.3 trillion, and has indicated its collaboration with Interpol and other international bodies as part of its investigation into the CryptoBank Exchange scam.\u201d<\/p>\n<p>&nbsp;<\/p>\n<p>This court order marks a crucial step in the unfolding CBEX story, signaling a move towards holding those allegedly responsible accountable.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"mail-message-footer spacer collapsible\" style=\"text-align: justify;\"><\/div>\n<\/div>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content --><!-- AddThis Related Posts generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>By Lizzy Chirkpi Amid the ongoing narrative surrounding the controversial CBEX cryptocurrency scheme, a significant development has emerged. Justice Emeka Nwite of the Federal High Court in Abuja has now&hellip;<!-- AddThis Advanced Settings generic via filter on wp_trim_excerpt --><!-- AddThis Share Buttons generic via filter on wp_trim_excerpt --><!-- AddThis Related Posts generic via filter on wp_trim_excerpt --><\/p>\n","protected":false},"author":1,"featured_media":97486,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[5],"tags":[],"class_list":["post-117947","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>EFCC Seeks Arrest of Six in $1 Billion Crypto Scheme - Pointblank News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/pointblanknews.com\/pbn\/news\/efcc-seeks-arrest-of-six-in-1-billion-crypto-scheme\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EFCC Seeks Arrest of Six in $1 Billion Crypto Scheme - Pointblank News\" \/>\n<meta property=\"og:description\" content=\"By Lizzy Chirkpi Amid the ongoing narrative surrounding the controversial CBEX cryptocurrency scheme, a significant development has emerged. 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