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EFCC Removes Elie Bitar from CBEX Crypto Fraud Wanted List

  • May 15, 2025
  • 1 min read
EFCC Removes Elie Bitar from CBEX Crypto Fraud Wanted List
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The Economic and Financial Crimes Commission (EFCC) has officially removed Elie Bitar, a foreign national, from its wanted list in connection with the ongoing investigation into the Crypto Bridge Exchange (CBEX) fraud scandal.

Bitar, 41, was among eight individuals declared wanted by the anti-graft agency on May 1 over allegations linked to the multi-million-naira crypto fraud scheme.

 

According to the EFCC, Bitar’s name has been cleared from its wanted list due to new information that does not support his inclusion.

However, the agency noted that investigations are ongoing and affirmed its commitment to tracking down all individuals implicated in the CBEX scandal.

 

The EFCC has identified seven other individuals wanted in connection with the CBEX fraud, including Seyi Oloyede, Emmanuel Uko, Adefowora Oluwanisola, Adefowora Abiodun Olanipekun, Johnson Okiroh Ofienolu, Israel Mbalika, and Joseph Michiro Kabera.

 

The agency has assured the public that it will not relent in bringing every actor involved in the fraudulent dealings to book. The EFCC is collaborating with law enforcement agencies across the world to track and arrest all the wanted persons.

 

The CBEX scandal has left scores of Nigerians financially devastated, and the EFCC’s investigation is ongoing.

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