Metro

$1bn Fraud: Court Refuses Detained CBEX Operators Bail

Published

5 months ago

June 30, 2025

The Federal High Court in Abuja on Monday refused to grant bail to three detained promoters of Crypto Bridge Exchange accused of involvement in a fraud exceeding $1 billion.

In his ruling, Justice Emeka Nwite held that, based on the affidavit evidence presented by both parties, the case against the defendants appeared strong.

The judge, on April 24, had previously granted the application of the EFCC to arrest and detain six CBEX operators in connection with the alleged fraud.

The order followed an ex parte motion filed by the EFCC’s counsel, Yusuf, which sought detention pending the conclusion of investigations and possible prosecution.

The six defendants include Adefowora Abiodun, Adefowora Oluwanisola, Emmanuel Uko, Seyi Oloyede, Avwerosuo Otorudo, and Chukwuebuka Ehirim.

In the motion ex parte, filed on April 23, the EFCC outlined four grounds for its application, including its statutory duty to prevent and detect financial crimes through investigation.

Yusuf argued that some defendants were at large, necessitating a warrant of arrest to enable proper investigation and prosecution.

According to the EFCC, the defendants, through their company ST Technologies International Limited, promoted CBEX by advertising investment opportunities and luring members of the public to invest cryptocurrencies on the CBEX platform.

The agency alleged that the defendants promised unrealistic returns of up to 100%, requiring victims to convert their digital assets into stablecoin (USDT) and deposit them into the suspects’ crypto wallets.

Initially, victims had full access to monitor their investments. However, once deposits surpassed $1 billion, the CBEX platform became inaccessible, and withdrawals were blocked.

Investigations revealed that the scheme was fraudulent and that ST Technologies International Limited, although registered with the Corporate Affairs Commission, was not authorised by the Securities and Exchange Commission to offer investment services.

The EFCC further disclosed that the defendants had vacated their last known addresses in Lagos and Ogun States. A warrant of arrest was thus necessary to trace and apprehend them.

During a hearing on 11 June, counsel for the defendants, Babatunde Busari and Justice Otorudo, argued for bail, citing Section 35(1) and Section 36 of the 1999 Constitution (as amended) and sections of the Administration of Criminal Justice Act, 2015.

They sought to vary the court’s earlier order permitting the EFCC to detain their clients, requesting bail pending the conclusion of investigations, arraignment, and trial.

However, the EFCC opposed the bail application, arguing that the defendants were implicated in a fraud exceeding the budgets of several Nigerian states combined. The commission also noted that new petitions from victims continued to emerge.

In delivering his ruling, Justice Nwite acknowledged that a formal charge had been filed against the defendants and was awaiting assignment to a court.

He rejected claims that the 1st defendant, Abiodun, required urgent medical attention, stating that the EFCC could provide necessary healthcare.

“In view of the foregoing, and considering the nature of the case, as well as the fact that a formal charge has been filed, I hold that the interest of justice will be best served by transferring this application to the court where the charge is pending for simultaneous arraignment and hearing of the bail application,” the judge declared.

The application was subsequently refused.

Metro

Ogun To Prosecute DJ Over Multiple Road Crashes

Published

9 hours ago

November 25, 2025

Editor

Following series of traffic accidents that have raised concerns about public safety, the Ogun State Ministry of Justice has announced plans to prosecute TikTok content creator, Ademola Abiodun, popularly known as DJ Chicken.

The action comes after Abiodun allegedly crashed into two motorcycles in Sagamu, Ogun State, on November 1, 2025, critically injuring a rider and a female passenger.

The government in a statement, Monday, on its official X handle, said witnesses reported that Abiodun tried to flee the scene before being stopped by onlookers.

According to the ministry, DJ Chicken was involved in another crash on Sunday in Lekki, Lagos State, narrowly escaping pedestrians, making it the third in three months.

Part of the statement reads, “Mr Abiodun’s heedless return to the wheel with no greater care just three weeks after makes it imperative that the state must intervene to protect the public – especially as there is an organic outcry against his continued driving.

“While it may be reasonable to allow crash victims to get compensation from persons who have driven recklessly and to resolve road traffic collisions as a civil wrong, some road users are special dangers to society and should be held to account under criminal law,” it said.

The statement added that in an effort to guarantee accountability, the Attorney-General and Commissioner for Justice, Oluwasina Ogungbade, SAN, has instructed pertinent officers to move quickly on the pending crash case from Sagamu for a prompt arraignment.

Nonetheless, the ministry reiterated its dedication to working with law enforcement agencies to protect the public from reckless drivers.

Metro

JUST IN: Again, Terrorists Storm Kwara Community, Kidnap Pregnant Woman, 10 Children, Others

Published

11 hours ago

November 25, 2025

Editor

Unidentified gunmen have attacked the Isapa community in the Ekiti Local Government Area of Kwara State, kidnapping a pregnant woman, 10 children, two nursing mothers, and several others.

It was gathered that an estimated 20 to 30 armed bandits invaded the community, advancing with a large herd of cattle and firing sporadically.

A stray bullet reportedly struck an elderly woman during the assault.

A community leader who confirmed the incident told National Pilot that 11 people were abducted, including seven members of the same family.

The abducted individuals have been identified as: Talatu Kabiru, Magaji, Kande, Hadiza, Mariam, Saima, Habibat (a housewife), Fatima Yusufu (a housewife), Sarah Sunday (pregnant woman), Lami Fidelis (a nursing mother), and Haja Na Allah.

The attackers reportedly escaped through bush paths connecting Eruku to neighbouring communities, leaving residents in panic and confusion.

The attack comes barely two weeks after bandits struck the Christ Apostolic Church (CAC), kidnapping 38 members, while others reportedly died during the assault.

If Nnamdi Kanu shows remorse, i will call for his pardoning — Sheikh Gumi
However, all 38 abducted victims from the church incident have reportedly been rescued.

Metro

Panic In Delta Female School Over False Herdsmen Attack

Published

1 day ago

November 24, 2025

Editor

Fear gripped Kwale, headquarters of Ndokwa West Local Government Area of Delta State, on Monday, as students of Otagba-Ogbe Girls Secondary School fled their classrooms following fears of an alleged herdsmen attack.

The panic reportedly began when students sighted two herdsmen entering the school premises from the rear, prompting a stampede as they ran out of their classrooms, triggering widespread alarm across the community.

A community source said the fear was rooted in earlier rumours circulating over the weekend that herdsmen were seen around the school’s surroundings.

“Everyone is on alert. The truth is that there were rumours that some herdsmen were spotted near the school on Saturday,”

The source said. “Today, as they were learning, two herdsmen entered the school compound from the back.
“Whether they were looking for their cattle, I don’t know.

“There had been information that an attack could happen at any moment due to issues between the herdsmen and the host community.”

The situation quickly escalated as parents trooped to the school to retrieve their children, and online platforms amplified claims of an imminent attack and alleged gunshots — none of which were verified.

But in a swift response, the Delta State Police Command dismissed it as false and misleading, saying it is capable of inciting unnecessary chaos.

According to the Command, the Commissioner of Police, Olufemi Abaniwonda, immediately ordered a coordinated security response.

The Command’s spokesman, Bright Edafe said the Divisional Crime Officer (DCO) of Kwale Division, SP Udofia Kufre, led a patrol team to the school for on-the-ground verification.

“Interviews with the Vice Principal and the security guard on duty confirmed that no attack occurred. Police said the entire disturbance was triggered by misinformation and students’ fear.

“As part of precautionary checks, adjoining schools in the Kwale axis were also visited by security operatives, who found them calm, safe, and fully engaged in normal academic activities.”

“Parents who rushed to the school were urged to remain calm as authorities confirmed that stability had been restored.”