The Economic and Financial Crimes Commission (EFCC) has announced significant advancements in its ongoing investigation into the large-scale fraud linked to the Crypto Bridge Exchange (CBEX).
The anti-graft agency confirmed it is closing in on key suspects connected to the alleged scam and has updated its list of individuals declared wanted in connection with the case.
In a statement released on Wednesday, the EFCC revealed that Ellie Bitar—previously listed among the wanted persons—has been cleared following the emergence of new evidence. According to the Commission, the fresh information exonerates Bitar and no longer supports his inclusion on the wanted list.
The EFCC emphasized that it is working in close collaboration with international law enforcement agencies to trace and apprehend all individuals still implicated in the case. The coordinated global effort is part of a broader strategy to dismantle what the Commission describes as a “monumental fraud operation” orchestrated through CBEX.
The remaining individuals still actively being sought by the EFCC include:
- Seyi Oloyede
- Emmanuel Uko
- Adefowora Oluwanisola
- Adefowora Abiodun Olanipekun
- Johnson Okiroh Ofienolu
- Israel Mbalika
- Joseph Michiro Kabera
- Serah Michiro
“These individuals are believed to have played critical roles in the fraudulent operations associated with CBEX,” the EFCC stated. “The Commission is making measurable progress in its investigation and remains committed to bringing all involved parties to justice.”
The EFCC also reiterated its unwavering resolve to pursue justice, stressing that no stone will be left unturned in ensuring that those responsible for defrauding innocent investors are held accountable.
This case has drawn national attention, highlighting the growing risks associated with unregulated cryptocurrency exchanges and the need for tighter oversight and international cooperation in tackling digital asset-related fraud.
