The Economic and Financial Crimes Commission, EFCC, has issued a public warning regarding the activities of 58 companies allegedly operating illegal Ponzi schemes under the guise of investment opportunities and defrauding innocent Nigerians of their hard-earned money. The warning is contained in a statement issued by the EFCC Spokesperson, Dele Oyewale, in Abuja. The commission stated that the companies are neither registered…
Operatives of the Economic and Financial Crimes Commission, EFCC, Kaduna Zonal Directorate have arrested 28 suspected ponzi scheme operators in Minna, Niger State. In a statement released on Tuesday, EFCC disclosed that the suspects were apprehended after credible intelligence linked them to fraudulent investment activities with a company, Q-Net Ltd, which operates from a three…
MBA Trading and Capital Investment Limited, a forex training and capital investment company, has reiterated its commitment to pay back investors capital funds after its inability to meet up with the expected investment revenue base due to market volatility among other challenges. Recall that investors have been calling for payment of their capital fund across…