The Economic and Financial Crimes Commission (EFCC) has officially removed Elie Bitar, a foreign national and former suspect in the Crypto Bridge Exchange (CBEX) fraud case, from its wanted list. This development follows new information that cleared Bitar of involvement in the alleged cryptocurrency scam.
Bitar, who was previously declared wanted in connection with the CBEX fraud investigation, had his profile deleted from the EFCC’s website. The commission stated that the fresh evidence did not support his inclusion among the wanted persons. CBEX Solutions Ltd., the company linked to Bitar, reportedly operated legitimately between 2018 and 2020 and was not part of the fraudulent activities under investigation.
The EFCC continues to pursue eight other suspects believed to be involved in the CBEX collapse, working closely with international law enforcement agencies to track and apprehend them. The commission reaffirmed its commitment to bringing all perpetrators of the scam to justice.
This case stems from a Federal High Court order for the arrest of promoters of the now-defunct CBEX platform, which allegedly defrauded Nigerian investors of approximately $1 billion through a cryptocurrency investment scheme.
EFCC spokesperson Dele Oyewale has pledged to recover the lost funds and ensure accountability for all involved.
