Justice Emeka Nwite of the Federal High Court in Abuja, in a ruling on Thursday last week, approved the EFCC’s request to arrest and detain six promoters of CBEX pending the conclusion of investigations into the alleged offenses and possible prosecution.
Abiodun, alongside five others – Adefowora Oluwanisola, Emmanuel Uko, Seyi Oloyede, Avwerosuo Otorudo, and Chukwuebuka Ehirim – was declared wanted by the EFCC following submissions made by the commission’s counsel, Fadila Yusuf.
After hearing the EFCC’s application, Justice Nwite ruled, “I have listened to the submission of learned counsel for the applicant (EFCC). I have also reviewed the affidavit evidence and exhibits, along with the written address. I am satisfied that the application is meritorious and hereby grant it as prayed.”
All six promoters were declared wanted by the EFCC for their alleged involvement in a fraudulent investment scheme valued at over $1 billion.
Following the declaration, Abiodun, accompanied by his lawyers, turned himself in at the EFCC headquarters at around 4:00 p.m. on Monday.
Abiodun expressed his willingness to cooperate with the EFCC.
Counsel to the suspect, Babatunde Busari, stated that his client decided to submit himself for investigation to clear his name and correct the false narrative being widely circulated in the media.
He did the right thing.
ReplyDeleteThis is best for him than be on the run.
ReplyDeleteDem symptoms of ponzi is what dem people and government dem fight.
ReplyDeleteDe cause of ponzi issa combination of many factors: greed, lack of contentment, poverty, lack of law enforcement, lack of alternatives for dem people, institutional decay, and de worship of money.
Unfortunately alla we do is to attack dem symptoms and ignore de root.
De scourge of ponzi has come to stay inna we broken society.
Way to go
ReplyDeleteHe should be questioned and if found Guilty, should face the Law
I de watch out from my window
ReplyDeleteWicked soul 😠😠😠
ReplyDeleteLet me just state that promoters only publicise businesses. It's not their job to do your homework for you. The people who took your money and gave those who signed up to be defrauded before you are anonymous and must have left the shores of Nigeria with what's left of your cash.
ReplyDeleteIf your landlord will accept the print out of the promoters appearing in court as a replacement for rent money, congratulations.
Nice one,I saw my neighbor walking like nothing has happened, she's used to this business,God,thank you for saving me 🙏
ReplyDeleteHeyaa, he handed himself up, there mean there is still a little humanity in him. Let's him refund their money to them.
ReplyDelete