WOMAN ARRAIGNED FOR ORGANISING ILLEGAL PONZI SCHEME, SEE PIX

Mrs Titilayo Mary Eboh The Economic and Financial Crimes Commission, EFCC, on Wednesday, October 23, 2019 arraigned a fake foreign currency dealer, Titilayo Mary Eboh before Justice M. L. Abubakar of the Federal High Court sitting in Port Harcourt, Rivers State. She was arraigned on a five- count charge bordering on running a banking business without a licence and obtaining money by false pretence contrary to Section 1(2) of the Banks and Other Financial Institutions Act, Laws of the Federation of Nigeria, 2014. One of the charges reads: “That you…

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EFCC RAIDS PONZI SCHEME OPERATORS OFFICE IN KANO, SEE ARMS DISCOVERED

The Economic and Financial Crimes Commission, EFCC,has arrested the duo of Garba Iliyasu and Umar Iliyasu who are alleged to be running a Ponzi Scheme in Kano under the name, MGB Global Market. Their arrest was sequel to intelligence that the organisation had lured many citizens to ‘invest’ in the bogus scheme using irresistible promise of return on investment of up to 50 percent in two weeks as bait. Upon receipt of the intelligence, the Commission stormed the office of MGB Global located at Sabo Bakin Zuwo Road, Opposite ConOil,…

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PONZI SCHEME: EFCC ARRESTS MD OF MILLIONAIRE AFRICAN LEADERS CLUB, SEE PIX

The Economic and Financial Crimes Commission, EFCC, Enugu zonal office is currently interrogating Princess Benny Chidinma, Managing Director of a suspected Ponzi Scheme, “Millionaire African Leaders Club, on allegations of providing financial services without statutory license. Chidinma’s arrest comes two days after her Enugu branch Coordinator, Nwonu Priscilla Chika was apprehended by operatives of the Commission following a raid on the premises of the club at No 79 Nike Road, Abakpa Nike, Enugu, Enugu State. Three promoters and newly recruited staff of the organisation were arrested in the operation. Under…

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