- EFCC removes Ellie Bitar from wanted list.
- Seven other suspects still at large.
- International collaboration to track down the wanted persons.
- EFCC vows to bring all involved to justice.
EFCC Updates CBEX Fraud Investigation
The Economic and Financial Crimes Commission (EFCC) has released new information regarding its ongoing investigation into the massive Crypto Bridge Exchange (CBEX) fraud. Initially, the EFCC had declared several individuals as wanted in connection with the alleged fraud. However, recent developments have led to a change in the list.
One Suspect Cleared: Ellie Bitar No Longer Wanted
According to EFCC spokesman, Dele Oyewale, Ellie Bitar of CBEX Solutions Ltd has been removed from the wanted list. The decision to remove Bitar’s name was based on new information obtained by the commission, which no longer supports his involvement in the alleged fraudulent activities. This indicates the EFCC’s commitment to accuracy and fairness in its investigations.
The Hunt Continues: Seven Suspects Still on the Run
While one suspect has been cleared, the EFCC is not letting up on its pursuit of the remaining individuals implicated in the CBEX fraud. The commission has reaffirmed its commitment to tracking down and apprehending the following seven wanted persons:
- Seyi Oloyede
- Emmanuel Uko
- Adefowora Oluwanisola
- Adefowora Abiodun Olanipekun
- Johnson Okiroh Ofienolu
- Israel Mbalika
- Joseph Michiro Kabera
- Serah Michiro
Global Collaboration in Pursuit of Justice
The EFCC is not working alone in this endeavor. Law enforcement agencies across the globe are collaborating with the commission to track and arrest the wanted persons. This international cooperation highlights the seriousness of the case and the commitment to bringing the perpetrators to justice. The EFCC has stated clearly that it will use the global network to track these fraudsters down. Interpol is supposedly involved in the process.
EFCC Vows to Bring All Culprits to Book
The EFCC has made it clear that it will not rest until every individual involved in the fraudulent dealings is brought to justice. The commission is determined to hold all actors accountable for their actions and ensure that they face the consequences of their crimes. This is good news for Nigeria and shows the committment to a fair financial environment.
What Does This Mean for CBEX Investors?
The CBEX saga has left many investors in a state of uncertainty. While the EFCC’s efforts to bring the perpetrators to justice are commendable, it remains to be seen whether investors will be able to recover their lost funds. The complexities of cryptocurrency fraud often make it difficult to recover assets, but the EFCC’s determination offers a glimmer of hope.
The Bigger Picture: Combating Financial Crime in Nigeria
The CBEX case is just one example of the financial crimes that plague Nigeria. The EFCC’s ongoing efforts to combat fraud and corruption are crucial for creating a stable and trustworthy financial environment. By holding perpetrators accountable, the commission sends a strong message that financial crime will not be tolerated.
Stay tuned for more updates as this story develops. We will continue to provide you with the latest information on the CBEX fraud case and the EFCC’s efforts to bring the culprits to justice.
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