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EFCC its Wrongly Declaring Elie Bitar Wanted Over CBEX Scandal - Investment - Nairaland 6w3f52

EFCC its Wrongly Declaring Elie Bitar Wanted Over CBEX Scandal (17969 Views)

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ogododo: 7:42pm On May 14
After FIJ’s Story, EFCC its Wrongly Declaring Lebanese National Elie Bitar Wanted Over CBEX Fraud


The Economic and Financial Crimes Commission (EFCC) has removed the name of Elie Bitar, a Lebanese businessman it wrongly declared wanted in connection with an organised cryptocurrency fraud perpetrated by Crypto Bridge Exchange (CBEX).

FIJ had exclusively reported on May 6 that Bitar had no connection with the CBEX scam.

Bitar was rather the owner of CBEX Solutions Limited, a defunct Lagos-based company, which operated legitimately in Nigeria between 2018 and 2020.

In the report, FIJ showed that the ‘CBEX’ in Bitar’s company name was an acronym of his name and that of Xavier Carbonel, his business partner.

Dele Oyewale, spokesperson for the agency, did not respond when FIJ asked about the EFCC’s decision to declare Bitar wanted.

In an authorless statement posted on its social media handles on Wednesday, the EFCC stated that it had removed Bitar’s name from its list having discovered that he was unrelated to the scheme. The commission conspicuously failed to apologise to Bitar or Nigerians for the error.

“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 his inclusion in the wanted person’s list,” the agency wrote in part.

CBEX: EFCC Intensifies Search for WANTED PERSONS

As part of its ongoing investigations of the alleged monumental fraud involving many actors in the infamous Crypto Bridge Exchange, CBEX, fraud, the Economic and Financial Crimes Commission, EFCC, is gaining important ground…

“As part of its ongoing investigations of the alleged monumental fraud involving many actors in the infamous Crypto Bridge Exchange, CBEX, fraud, the Economic and Financial Crimes Commission, EFCC, is gaining important ground in its search for eight wanted persons implicated in the fraud,” the statement read.

“The eight wanted persons are: Seyi Oloyede, Emmanuel Uko, Adefowora Oluwanisola, Adefowora Abiodun Olanipekun, Johnson Okiroh Ofienolu, Israel Mbalika, Joseph Michiro Kabera and Serah Michiro.

“The Commission is making good progress in its investigations. Law enforcement agencies across the world are collaborating with it in tracking and arresting all the wanted persons. The EFCC will not relent in bringing every actor involved in the fraudulent dealings to book.”

Bitar’s company consulted for fast moving consumer goods (FMCG) companies with evidence of value added tax remittances, certificate of incorporation and verifiable bank statements.

Aside from the defunct company, Bitar owns Smarterise Integrated Solutions Limited, an energy solutions company currently in operation.

His lawyers had written to the commission maintaining his innocence and demanding a public apology and removal of his name from the list of wanted persons.

https://fij.ng/article/after-fijs-story-efcc-its-wrongly-declaring-lebanese-national-elie-bitar-wanted-over-cbex-fraud/

3 Likes

Bobloco: 7:45pm On May 14
angry
SeeAllen: 7:46pm On May 14
Every agency under Emilokan is a mess..What a disastrous president

125 Likes 6 Shares

Racoon(m): 7:46pm On May 14
Chai! A whole anti-corruption fighting agency of a country. Just imagine this shamelessness and disgrace. Now law suits will follow

68 Likes 2 Shares

LZAA: 7:56pm On May 14
Quota system employment
Quota system result grin

85 Likes 4 Shares

VillageOracle00: 8:17pm On May 14
Ok.

1 Like

samwash(m): 8:20pm On May 14
Abi brown envelope don from hand to hand.
Inside our corn-tree, nothing person nor go see & hear.

29 Likes 1 Share

ogododo: 8:21pm On May 14
Nawa Nlfpmod, be like dem dey see Pope Leo.
ogododo: 9:50pm On May 14
Naija don cast.

24 Likes

inoki247: 9:52pm On May 14
Make the guy sue Dem....



Dem think say na how Dem dey treat the Youth wey Dem go jus burst enter dere house for midnight...


Na FiJ help the guy if not Dem for chance the guy..

4 Likes

meobizy(f): 9:53pm On May 14
They’re coming and going in confusion.

5 Likes

MakindeHassan: 9:53pm On May 14
If he was Nigerian would they be this quick to it wrongdoing after the reputation damage?

24 Likes

Melagros(m): 9:53pm On May 14
COMRADES are speechless at the activities of these EFCC, could it be that they have been bribed?

1 Like

FalseProphet1(m): 9:54pm On May 14
Elie Bitar has paid his dues to the EFCC that's why they had to contradict their own statement. Know this and have peace.

This I have seen.

17 Likes 2 Shares

YourNextLevel(m): 9:55pm On May 14
Oh okey, we understand sha👍👍

Naija which way !

If you know you know
id4sho(m): 9:55pm On May 14
Today is ission day
1- JAMB
2- EFCC
3- undecided

7 Likes 1 Share

BrickDevo: 9:55pm On May 14
so many things are wrong in this country, Nigeria was never meant to exist. the way it started, the way it is going, everything is wrong.

5 Likes 1 Share

tollyboy5(m): 9:56pm On May 14
Olode no fit make this kin mistake. Smh undecided
Austema(m): 9:56pm On May 14
What a joke

shame on this government and their ers

2 Likes 1 Share

Emeskhalifa(m): 9:57pm On May 14
Toh,
PheelzAlmighty: 9:58pm On May 14
Everything is fvckin wrong with this damned hellhole we call Nigeria.

#spits

3 Likes 2 Shares

BewareOf419: 9:58pm On May 14
After collecting their own share

ONE GUY FOR MY AREA HERE STILL DEY ICU BECAUSE OF THIS CBEX FRAUD, HE NEEDS OUR PRAYER!
Ewedegubbler: 9:59pm On May 14
Mumulity Is Mumulity

2 Likes

floss(m): 10:02pm On May 14
grin
shortgun(m): 10:04pm On May 14
Every institution is falling apart under the most incompetent president in the history of Nigeria. Yesterday it was JAMB that didn't understand their software, today it's EFCC arresting someone in error.
Not like Nigeria is in shortage of competent people to transform these institutions but no Tinubu must appease his tribesmen and political stooges over national progress and development

3 Likes 2 Shares

Galadimabawa: 10:05pm On May 14
things don exchange hand
Angelfrost(m): 10:17pm On May 14
Sigh... From JAMB to EFCC.

Mr. President, the gross incompetence of your underlings don dey too much o. undecided

2 Likes 1 Share

erniok(m): 10:18pm On May 14
MakindeHassan:
If he was Nigerian would they be this quick to it wrongdoing after the reputation damage?
Where did they even it wrongdoing abeg.
flexyrule(m): 10:20pm On May 14
BrickDevo:
so many things are wrong in this country, Nigeria was never meant to exist. the way it started, the way it is going, everything is wrong.
Nigeria was never meant to exist my brother.

4 Likes 1 Share

Blitzking: 10:21pm On May 14
ogododo:


https://fij.ng/article/after-fijs-story-efcc-its-wrongly-declaring-lebanese-national-elie-bitar-wanted-over-cbex-fraud/
These guy too dense...do we have any intelligence at all so the dump staff method na to Google search or go cac name checker page and do copy and paste investigation. Nawa oo nobody is save oo u fit get most wanted for crime wey u no even sabi.

4 Likes 1 Share

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