The Economic and Financial Crimes Commission (EFCC) has officially removed a foreign national from its Central Bank Exchange (CBEX) wanted list, marking a significant update in the ongoing investigation into foreign exchange violations. According to the EFCC statement on May 14, 2025, the removal comes after thorough verification of the individual’s legal status and compliance with the commission’s regulatory requirements.
This update, reported by Channelstv.com.ng, confirms that the foreign national previously flagged on the CBEX wanted list no longer poses a regulatory concern. The EFCC highlighted that the individual had cooperated fully during the probe, leading to the removal of their name from the list. The commission continues to strengthen its efforts in monitoring and curbing illegal foreign exchange activities that undermine Nigeria’s economic stability.
EFCC’s spokesperson noted, “The removal reflects our commitment to due process and ensuring only verified offenders remain on the wanted list.” This move is expected to encourage greater transparency and cooperation between the commission and foreign investors.
The EFCC remains vigilant, emphasizing that other individuals and entities involved in illicit foreign exchange dealings will face swift action as the agency intensifies its crackdown on financial crimes. The CBEX wanted list is regularly reviewed to ensure accuracy and compliance with Nigerian laws.
#EFCC #ForeignNational #CBEX #ForeignExchange #NigeriaNews #FinancialCrimes #EconomicUpdate #EFCC2025