The Economic and Financial Crimes Commission (EFCC) has officially removed Ellie Bitar, a foreign national, from its wanted list in connection with the alleged Crypto Bridge Exchange (CBEX) fraud.
Bitar had been declared wanted by the anti-graft agency on April 30 over allegations tied to fraudulent activities on the CBEX trading platform. His name and photograph were widely circulated across various social media platforms, with the EFCC stating his last known address was in the Lekki Phase 1 area of Lagos.
However, in a statement released on Wednesday, the EFCC announced Bitar’s removal from the list, citing new information that no longer justifies his inclusion.
“Ellie Bitar of CBEX Solutions Ltd., who was earlier declared wanted, has since been removed from the list owing to new information that does not support his inclusion in the wanted persons list,” the agency stated.
The EFCC further noted that it is making “substantial progress” in its investigations into the collapsed CBEX scheme, and is collaborating with international law enforcement agencies to track and apprehend all individuals involved.
Earlier, the agency declared eight suspects wanted over the alleged fraudulent investment scheme, which left many Nigerians distressed after the platform’s sudden crash in April. Online videos continue to circulate, showing victims lamenting the loss of their funds.
Additionally, the Federal High Court in Abuja has granted the EFCC’s request to arrest and detain promoters of the CBEX platform as part of ongoing efforts to recover stolen funds and ensure justice is served.
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