Crypto Archives -

Court To Rule On New Bail Plea As Nigerian Crypto Firm Boss Faces Fraud Charges

Kingsley Chukwu1 week ago03 mins

A fresh bid by Jesam Michael, the CEO of cryptocurrency trading company Afriq Arbitrage System (AAS) Limited, to secure bail was challenged on Monday by Nigeria’s Economic and Financial Crimes Commission (EFCC). Representing the EFCC at the Federal High Court in Abuja, counsel Geraldine Ofulue labelled the application as repetitive and argued that the earlier…

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

Kingsley Chukwu1 month ago03 mins

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…