The Economic and Financial Crimes Commission (EFCC) has officially cleared Ellie Bitar of CBEX Solutions Ltd. from its wanted list after fresh evidence exonerated him from allegations tied to a massive cryptocurrency fraud linked to the Crypto Bridge Exchange platform.
In a statement released on Wednesday, the Commission confirmed, “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 person’s list.”
While the EFCC did not provide details about the new evidence that led to Bitar’s removal, it emphasized that its investigation into what it described as a “monumental fraud” is still ongoing. The fraud, allegedly carried out through CBEX, defrauded a large number of investors and remains under serious examination.
Although Bitar has been cleared, the anti-graft agency revealed that eight other individuals remain wanted in connection with the case. They include Seyi Oloyede, Emmanuel Uko, Adefowora Oluwanisola, Adefowora Abiodun Olanipekun, Johnson Okiroh Ofienolu, Israel Mbalika, Joseph Michiro Kabera, and Serah Michiro.
According to the EFCC, progress is being made in the search for these individuals, as the agency intensifies efforts to dismantle the network behind the fraudulent scheme. It also highlighted that international cooperation remains central to its efforts, with global law enforcement agencies working alongside it to trace and apprehend all those involved.
The Commission assured that no suspect will be spared, stressing its determination to ensure accountability. “Law enforcement agencies across the world are collaborating with it in tracking and arresting all the wanted persons. The EFCC will not relent in bringing every actor involved in the fraudulent dealings to book,” the statement read.
What you should know
Ellie Bitar of CBEX Solutions has been cleared of wrongdoing in the ongoing EFCC probe into a massive cryptocurrency fraud tied to the Crypto Bridge Exchange. However, eight suspects remain on the wanted list, with the Commission working with international partners to secure their arrest.
