Court denies Afriq Arbitrage CEO Jesam Michael bail over $854K, N590m fraud charges 

The Federal High Court in Abuja on Friday refused the bail application of Jesam Michael, CEO of the Afriq Arbitrage System (AAS) cryptocurrency trading platform, amid charges of an alleged $844,416.36, $10,000, and N590 million investment fraud instituted against him by the Economic and Financial Crimes Commission (EFCC).  The post Court denies Afriq Arbitrage CEO Jesam Michael bail over $854K, N590m fraud charges  appeared first on Nairametrics.

  Business   May 9, 2025   0   3  Add to Reading List
Court denies Afriq Arbitrage CEO Jesam Michael bail over $854K, N590m fraud charges 






The Federal High Court in Abuja on Friday refused the bail application of Jesam Michael, CEO of the Afriq Arbitrage System (AAS) cryptocurrency trading platform, amid charges of an alleged $844,416.36, $10,000, and N590 million investment fraud instituted against him by the Economic and Financial Crimes Commission (EFCC). 

The post Court denies Afriq Arbitrage CEO Jesam Michael bail over $854K, N590m fraud charges  appeared first on Nairametrics.

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