- EFCC Declaration: The Economic and Financial Crimes Commission (EFCC) has declared Elie Bitar, a 41-year-old foreign national, wanted for alleged cryptocurrency fraud.
- Crypto Bridge Exchange (CBEX): Bitar is suspected of orchestrating a fraudulent investment operation through CBEX, which scammed numerous unsuspecting investors across Nigeria.
- Lack of Regulatory Compliance: CBEX gained popularity amid Nigeria’s growing interest in cryptocurrency but lacked regulatory compliance and transparency.
- Wanted Notice: The EFCC has released a wanted notice for Bitar, providing his last known address and urging anyone with information on his whereabouts to contact the commission.
- Contact Information: The EFCC can be reached through its zonal offices, phone number (08093322644), or email (info@efcc.gov.ng).
The Economic and Financial Crimes Commission (EFCC) has declared Elie Bitar, a 41-year-old foreign national, wanted for allegedly orchestrating a cryptocurrency fraud scheme through the online trading platform Crypto Bridge Exchange (CBEX). According to the EFCC, Bitar’s platform scammed numerous unsuspecting investors across Nigeria by promising quick and substantial returns, despite lacking regulatory compliance and transparency.
Key Details:
- Bitar’s Last Known Address: Eng. George Enemoh Crescent, Lekki Phase 1, Lekki, Lagos State
- EFCC Contact Information: Anyone with information on Bitar’s whereabouts can contact the EFCC through:
- Zonal offices in major cities (Abuja, Lagos, Ibadan, Uyo, Sokoto, Maiduguri, Benin, Makurdi, Kaduna, Ilorin, Enugu, Kano, Gombe, Port Harcourt)
- Phone: 08093322644
- Email: info@efcc.gov.ng
The EFCC’s investigation into CBEX highlights the growing concerns about cryptocurrency scams in Nigeria, where platforms often lure users with promises of high returns without adhering to regulatory standards .
