EFCC removes foreign national from CBEX wanted list, releases updated list

• The Economic and Financial Crimes Commission (EFCC) has removed Elie Bitar from its wanted database for CBEX fraud, pursuing caller accusation that overturned his archetypal designation
• This determination comes amid ongoing investigations into the fraudulent activities surrounding the CBEX trading platform, which near galore Nigerians claiming important fiscal losses
• As the EFCC continues its crackdown, instrumentality enforcement agencies worldwide are collaborating to way and apprehend individuals linked to the case

The Economic and Financial Crimes Commission (EFCC) removed a overseas national, Elie Bitar, from its wanted database for CBEX fraud, pursuing caller developments successful its investigation.

On April 30, the anti-graft bureau declared Bitar wanted implicit alleged fraud connected the CBEX trading platform.

EFCC Removes Foreign National From CBEX Wanted List, Releases Updated List. Photo credit: EFCC/X
Source: Facebook

His sanction was included successful a wanted announcement published crossed assorted societal media platforms. A now-deleted station connected the EFCC's X handle, signed by its Head of Media and Publicity, Dele Oyewale, indicated that Bitar’s past known code was Lekki Phase 1, Lagos State.

Removal from the wanted list

In a connection issued connected Wednesday, EFCC spokesperson Oyewale confirmed that Bitar’s sanction had been removed from the wanted database owed to caller information. He stated:

“Elie Bitar of CBEX Solutions Ltd., who was earlier declared wanted, has since been removed from the database owing to caller accusation that does not enactment his inclusion successful the wanted person’s list.”

EFCC’s ongoing investigations into CBEX fraud

Despite Bitar’s removal, EFCC investigations into CBEX fraud continue, with the bureau moving intimately with instrumentality enforcement agencies worldwide to way and apprehend individuals involved.

Oyewale noted that the Commission was making important advancement successful its hunt for 8 persons antecedently declared wanted implicit the case.

Several online videos surfaced, showing Nigerians raising concerns implicit mislaid funds pursuing the CBEX level clang successful April.

The Federal High Court successful Abuja has granted the EFCC’s petition to apprehension and detain persons promoting the CBEX scheme.

The EFCC reaffirmed its committedness to bringing each fraudulent actors to justice, emphasising that it would not relent successful pursuing the case.

This improvement signals continued scrutiny of online trading platforms and reinforces the EFCC’s determination to curb fraudulent activities successful Nigeria’s fiscal sector.

Full connection from EFCC

“As portion of its ongoing investigations of the alleged monumental fraud involving galore actors successful the infamous Crypto Bridge Exchange, CBEX, fraud, the Economic and Financial Crimes Commission, EFCC, is gaining important crushed successful its hunt for 8 wanted persons implicated successful the fraud.“The 8 wanted persons are: Seyi Oloyede, Emmanuel Uko, Adefowora Oluwanisola, Adefowora Abiodun Olanipekun, Johnson Okiroh Ofienolu, Israel Mbalika, Joseph Michiro Kabera and Serah Michiro. Ellie Bitar of CBEX Solutions Ltd., who was earlier declared wanted, has since been removed from the database owing to caller accusation that does not enactment his inclusion successful the wanted person’s list.“The Commission is making bully advancement successful its investigations. Law enforcement agencies crossed the satellite are collaborating with it successful tracking and arresting each the wanted persons. The EFCC volition not relent successful bringing each histrion progressive successful the fraudulent dealings to book.”

SEC releases 30 signs to place scam investments

Legit.ng earlier reported that arsenic portion of its efforts to protestation Nigerians from concern scams, the Securities and Exchange Commission (SEC) of Nigeria has released a guide outlining 30 signs to assistance spot imaginable concern fraud.

In a connection shared connected X, the committee noted that fraudsters often lure unsuspecting victims with promises of instant wealth, high-pressure income tactics, and requests for upfront payments via acquisition cards oregon cryptocurrency.

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Source: Legit.ng