The Economic and Financial Crimes Commission (EFCC) has dropped Ellie Bitar, a foreign national, from its wanted due to lack of evidence to sustain allegations of fraud perpetrated on the crypto bridge exchange (CBEX), a trading platform.
The anti-graft agency had published the wanted notice across its social media platforms in May.
The EFCC however said that 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.
A list of the eight Nigerians who were previously declared wanted by the EFCC for allegedly promoting the CBEX scheme.
The eight suspects are Adefowora Abiodun Olanipekun, Adefowora Oluwanisola, Emmanuel Uko, Seyi Oloyede, Johnson Okiroh Otieno, Israel Mbaluka, Joseph Michiro Kabera, and Serah Michiro.
In April, reports emerged that CBEX users could no longer withdraw their funds. Many Nigerians who had invested in the platform reportedly lost their funds.
Some Nigerians took to social media to narrate how they lost millions of naira to the CBEX scheme.
The Securities and Exchange Commission (SEC) had said that the CBEX digital trading platform is not registered with the agency.
Recently, a federal high court in Abuja granted permission to the EFCC to arrest and detain six CBEX promoters over a $1 billion investment fraud allegation.
Emeka Nwite, the presiding judge, gave the order following an ex parte application moved by Fadila Yusuf, counsel to the EFCC.
