This happened recently in BENIN CITY as some group of scammers from ijebu-ode/owo from Ondo State recently swindled some greedy persons in Benin City

HOW IT WORKS
Name of company: CEDAR RESOURCES COMPANY LIMITED RC:1B2005085
www.cedarng.com/resources.php with offices in 3 locations of the city.
BUSINESS REVENUE
Forex trading, manufacturers, importers industrial chemicals, exporters machineries, gold, stocks and derivates, extensives offline operations, e.t.c.
They ask their victims to invest between #2,500 - #50,000 (SILVER PLAN) with a return of 35% PROFIT on investment after 9 working days.
The second is the GOLD PLAN with investment capital ranging from 50,000 - 900,000 for a 25 working days period to attract 100% PROFIT. You deposit with them at the office and you are given a receipt.

From the information I gathered, this WICKED PIPS opened their MENDACIOUS office here on May 3, 2012. Some investors were truely paid accordingly and they disappeared into thin cloud on June 9, 2012 after they could no longer meet targets to pay the remaining investors.

Information got to the original company which is known as CEDAR OIL AND GAS SERVICES LIMITED with web site on cedarng.com and they have no option than STOLE away over #7,000,000 of investors fund. Their MD name is Sunday Ayowole and a staff of about 8 to an office. Non is traceable except 1 of their 419 staff (a girl) whose number is still going.
God save Nigeria.

we will try to save nigerians and protect our image