Nigeria, May 15 -- The Economic and Financial Crimes Commission (EFCC) removed on Wednesday the name of Ellie Bitar, a Lebanese, from its list of suspects wanted for the CBEX Ponzi scheme fraud.

It said in a statement that it took the decision after receiving updated information regarding the case.

"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 support his inclusion in the wanted person's list," EFCC said in the press statement by its spokesperson, Dele Oyewale.

Mr Bitar, a Lebanese businessman, was among the persons EFCC has so far declared wanted after the Crypto Bridge Exchange (CBEX) platform crashed in April.

In a now-deleted public...