By BUSTED! EFCC arrest two yahoo boys in Sapele, 3 Ponzi operators in Enugu
Edwin Eriye
One Ochuko Okikifo, 24, and Kind ThankGod, 34, suspected to be internet fraudsters have been arrested in Sapele, Delta State by opeartives of the Economic and Financial Crimes Commission (EFCC) on Wednesday.
The suspects who confessed to be involved in ‘romance scam’ were arrested while in the solace of their apartment in Sapele.
Similarly, EFCC has reported the arrest of alleged Ponzi scheme operators in Enugu.
Following the intelligence received from a sister law enforcement agency, the South East Zonal office of the EFCC arrested three promoters and staff of Millions African Leadership Club, a Ponzi scheme operating from No. 79, Nike Road, Abakpa Nike,Enugu.
SEC warns Nigerians against investing in Loom Ponzi Scheme
Nwonu Priscilla, the organization’s coordinator told interrogators of the Commission that the club operates a collaborative contribution scheme, mostly transacted in cash on two class basis: first class and business class. Both attracts registration fees and monthly contribution of N3, 000 and N25, 000; and N2, 000 and N12, 500 respectively.
The suspect could not confirm the registration of the ‘firm’ with the Securities and Exchange Commission, SEC as well as other sister agencies.
Blackbox gathered that the Scheme’s corporate headquarters which is situated at Nsukka and headed by one Princess Benny promised their victims 50% return on the sum invested.
