One of the suspected promoters of the cryptocurrency trading platform, Crypto Bridge Exchange (CBEX), Adefowora Abiodun, has voluntarily surrendered himself for investigation.

Abiodun was among four individuals declared wanted by the Economic and Financial Crimes Commission (EFCC) over their alleged involvement in a fraudulent investment scheme valued at over $1 billion.

He turned himself in to the EFCC on Monday and expressed willingness to cooperate with investigators.

Accompanied by his lawyers, the suspect arrived at EFCC headquarters at 4:00 pm on Monday.

The EFCC had previously declared Seyi Oloyede, Emmanuel Uko, Adefowora Oluwanisola, and Adefowora Abiodun Olaonipekun wanted in connection with the scam linked to CBEX.

Last Thursday, the Federal High Court in Abuja granted the EFCC permission to arrest and detain six suspected CBEX promoters pending the conclusion of investigations and possible prosecution.

Justice Emeka Nwite issued the order following an ex parte motion filed by EFCC counsel, Fadila Yusuf.

In granting the application, Justice Nwite said: “I have listened to the submission of learned counsel for the applicant (EFCC). I have also gone through the affidavit evidence and exhibits, along with the written address. I am satisfied that the application is meritorious and hereby grant it as prayed.”

The suspects named in the court order include Adefowora Abiodun Olanipekun, Adefowora Oluwanisola, Emmanuel Uko, Seyi Oloyede, Avwerosuo Otorudo, and Chukwuebuka Ehirim, listed as first to sixth.

A counsel to suspect, Babatunde Busari, Esq, said his client decided to submit himself for investigation to clear his name and correct the narrative in the media.