Two alleged operators of a failed cryptocurrency scheme, Crypto Bridge Exchange (CBEX), have been released on bail by a Nigerian court amid ongoing investigations into a suspected multi-million dollar investment scam. Justice Mohammed Umar of the Federal High Court in Abuja granted Avwerosuo Otorudo and Chukwuebuka Ehirim bail on Wednesday, each in the amount of…
Former Nigerian exams board chief, Professor Dibu Ojerinde, and the Independent Corrupt Practices and Other Related Offences Commission (ICPC) have begun discussions to settle a high-profile N5.2 billion corruption case outside of court. During a session at the Federal High Court in Abuja, Ojerinde’s counsel, Eteya Ogana, informed Justice Obiora Egwuatu that both parties were…
A Nigerian travel agent has been charged with fraud and forgery after allegedly deceiving a client with a promise of U.S. visas. Segun Ayobami, 39, was arraigned before the Iyaganku Magistrates’ Court in Ibadan on Wednesday. Prosecutors claim Ayobami collected ₦6.4 million from Sorinola Abimbola in December 2024, on the pretence that he could secure…
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…
The trial of 109 foreigners over alleged involvement in high-level cybercrime and hacking activities suffered setback on Wednesday at the Federal High Court in Abuja. The matter, which was fixed for commencement of their trial before Justice Ekerete Akpan, could not go on due to absence of the prosecuting lawyer. When the matter was called,…
The Federal High Court in Abuja on Monday, declined to grant the bail application filed by three detained promoters of Crypto Bridge Exchange (CBEX) in the alleged over one billion dollars fraud. Justice Emeka Nwite, in a ruling, held it was obvious that from the totality of the affidavit evidence of both parties, it was…
The police on Wednesday arraigned two estate agents – Adeola Ojo, 49, and Abiodun Akinlabi, 48 – before an Iyaganku Magistrates’ Court in Ibadan over alleged N7.6 million rent fraud. The duo, whose addresses were not provided, were charged with conspiracy, obtaining money under false pretences, and stealing. They, however, pleaded not guilty to the…
A statement made by Nigeria’s former President Olusegun Obasanjo has been presented in court as key evidence in the corruption trial of Dr Olu Agunloye, a former Minister of Power and Steel, accused of fraud in the controversial awarding of the Mambilla Hydropower Project contract. Dr Agunloye is facing a seven-count indictment brought by the…
The Federal Capital Territory High Court in Maitama has dismissed a legal challenge from former Taraba State Governor Darius Ishaku, clearing the way for the prosecution to submit key evidence in a ₦27 billion corruption case. The trial, led by Nigeria’s Economic and Financial Crimes Commission (EFCC), involves Ishaku and former state official Bello Yero….
The Federal High Court in Abuja on Tuesday, rejected the no-case submission filed by Prof. Dibu Ojerinde, the former Registrar, Joint Admissions and Matriculation Board (JAMB), in the alleged N5.2 billion fraud charge. Justice Obiora Egwuatu, in a ruling, held that the elements of the offence preferred against Ojerinde had been identified by the ICPC’s…
