Nigerian Authorities Charge Crypto Promoters Over Alleged $1 Billion Ponzi Scheme

Two individuals accused of orchestrating a billion-dollar investment scam through a cryptocurrency platform have been formally charged by Nigeria’s anti-graft agency. The Economic and Financial Crimes Commission (EFCC) filed a three-count criminal charge at the Federal High Court in Abuja against Avwerosuo Otorudo and Chukwuebuka Ehirim, alleged promoters of Crypto Bridge Exchange (CBEX), a platform…

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Alleged Forgery, Impersonation: Absence Of 2 Lawyers Stall Arraignment

The absence of two Abuja-based lawyers, Victor Giwa and Ibitade Bukola, in a Federal Capital Territory (FCT) high court, on Monday stalled their arraignment over allegations bordering on forgery and impersonation. In the charge marked CR/150/25 filed by the Inspector-General of Police, the lawyers are accused of conspiring to forge a legal document purportedly issued…

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