Justice Emeka Nwite of the Federal High Court, Abuja, on Wednesday, fixed June 30 for ruling in the bail application filed by three detained promoters of Crypto Bridge Exchange (CBEX).
The judge fixed the date after counsel for the Economic and Financial Crimes Commission (EFCC), Fadila Yusuf, and the defence lawyers adopted their processes on the application.
Justice Nwite had, on April 24, given the EFCC the go-ahead to arrest and detain six operators of CBEX over their involvement in alleged $1 billion fraud.
The judge gave the order after the EFCC’s lawyer, Yusuf, moved an ex-parte motion to the effect.
The six suspects are – Adefowora Abiodun Olanipekun, Adefowora Oluwanisola, Emmanuel Uko, and Seyi Oloyede.
Others are- Avwerosuo Otorudo and Chukwuebuka Ehirim.
READ ALSO: EFCC declares foreigner wanted over fraud linked to CBEX
In the motion ex-parte dated and filed April 23 by Yusuf, the commission gave four grounds for its application.
She stated that the EFCC has a statutory duty to prevent and detect financial crimes through investigation.
At Wednesday’s proceeding, Babatunde Busari, who appeared for Abiodun, and Justice Otorudo, who represented Otorudo and Ehirim, informed the court that they had filed bail applications on their clients’ behalf.
“We have a pending application dated 20th May, 2025, and filed on the same date. We are ready to proceed, my lord,” Busari said.
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