In a major crackdown on cryptocurrency-related fraud in Nigeria, the Economic and Financial Crimes Commission (EFCC) has declared Elie Bitar, a 41-year-old foreign national, wanted for allegedly masterminding a crypto investment scam through the controversial online platform, Crypto Bridge Exchange (CBEX).
According to the EFCC, Bitar is the central figure behind a fraudulent investment operation that swindled millions of naira from unsuspecting Nigerian investors who were lured by promises of high returns through CBEX. The scheme, now under full investigation, has raised alarms over the growing risks associated with unregulated digital trading platforms.
Bitar’s last known residence is at Eng. George Enemoh Crescent, Lekki Phase 1, Lagos State. The EFCC has appealed to the general public to come forward with any useful information regarding his whereabouts. Citizens are urged to contact the EFCC via any of its zonal offices or through the agency’s official phone lines and email.
This latest development highlights the need for increased vigilance among Nigerians when engaging with online investment platforms—especially those operating without proper licenses or regulatory compliance.
