We have recovered N1Billion from a Ponzi scheme fraudster in Nigerian says EFCC

THE Economic and Financial Crimes Commission, EFCC, under its Port Harcourt Zone, says it has recovered N1Billion from a Nigerian Ponzi scheme fraudster targeting unsuspecting Nigeria.

Zonal Head, EFCC, Port Harcourt Zonal Office, Andulrashid Bawal, giving its zone’s stewardship in the past eight years also said in Port Harcourt, Rivers State that the commission has recorded 149 convictions involving oil thieves with a total N2Billion recovered within the period.

He said, “The suspects were arrested separately in Port Harcourt and Owerri, Imo state respectively. Mr. Atakorito is the leader of a new syndicate of fraudsters while Mr. Chidi is suspected to be involved in defrauding mainly US-based victims through the selling of goods online.

“Only last month we arrested a syndicate involved in an organized Ponzi scheme. They convince their victims that they are trading on foreign exchange and cryptocurrency.  “Over N2Billion is already taken by these fraudsters from unsuspecting Nigerian victims. We have recovered over a billion naira from the suspects, investigation still ongoing.”(Vanguard)

No comments:

Most News articles reported on LOCAL AFRICAN REALITY are a reflection of what is published in the media. LOCAL AFRICAN REALITY is not in a position to verify the accuracy of daily news articles, however, we ensure that only news articles from credible sources are reflected in this service. Independent opinions which are mailed to us may also be published from time to time at our discretion, however the sources for these independent articles will be clearly stated.

Share your story with us: SMS: +23409067561649, Whatsapp: +2349067561649, Email: localafricanreality@gmail.com or qubesentertainmentmagazine@yahoo.com
Receive Alerts on: Whatsapp: +2349067561649, Twitter: @localafricanr