The Economic and Financial Crimes Commission (EFCC) on Thursday, 8th December, 2016 secured the conviction of three operators of wonder bank, Dayo Peter Bulus (a.k.a Bulus Maiyaki Oyeleye Adetunji (a.k.a James Adetunji) and Martins Adedayo before Justice Salad Mohammed of High Court 2 Gombe, Gombe State on two Count charge of Conspiracy and Cheating to tune of (N968, 050) Nine Hundred and Sixty Eight Thousand Fifty Naira Only.
The Convicts were arraigned by the EFCC on Thursday 8th December, 2016 before Gombe State High Court no. 2. Upon their arraignment, the convict pleaded guilty to the two count charge against them.
In view of the plea of guilty entered by the 2nd, 3rd and 4th Accused persons, the prosecution counsel A.M Labaran urge the court to convict them' based on their plea as there is no better evidence than the confession of an accused person and also cited Section 28 of the Evidence Act, 2011 as Amended.


The complainant alleged that the convicts were using the Company Graceland Real Option Ltd. to lure their victims in Gombe State through a promise of soft loan of 12% interest rate without collateral. The convicts fixed the repayment period of the said loan to 35 weeks with option of weekly or monthly repayment.
The victims were lured to purchase the loan form at the cost of N2,000 (Two Thousand Naira Only) before they can be granted the loan, which very large number of persons key into. It was at the point of purchasing the loan form that some of the victims suspected fraud and alerted the EFCCwhich swung into investigation that led to the arrest of the convicts.


Count one of the charge read 11 That you Graceland Real Option Ltd., Dayo Peter Bulus (a.k.a Bulus Maivaki), Oyeleye Adetunji (a.k.a James Adetunji),
Martins Adedayo being the account officer and agents of Graceland Real Option Ltd, and Kenny Christopher (now at large) sometime in June, 2016 at Gombe, Gombe State within the jurisdiction of this Honorable Court, did conspired amongst yourselves to do an illegal act to wit; fraudulently induces various persons to include Vitalis Okoro, Hauwa'u Adamu, Maryam Bukar Ibrahim, Innocent Nwabodo among other unsuspected victims to deliver monies to the tune of N968,OSO.OO (Nine Hundred and Sixty Eight Thousand Fifty Naira Only) to you under the disguise that upon depositing 20% a customer wish to borrow, the said sum were to be used to access loan from Graceland Real Option Ltd which never happened and thereby committed an offence contrary to Section 96 of the penal code and punishable under Section 97 of the Penal Code.
The presiding Judge Justice Mohammed after hearing submissions from the prosecution and the defense counsel agreed with the submission of the prosecution counsel to convict the 2nd, 3rd and 4th accused persons. However, the court convicted and sentenced them to two (2) months imprisonment with an option of N20,000 fine on count 1 and six (6) months imprisonment with an option of N40, 000 fine on count 2.


http://www.newsheadlines.com.ng/latest-nigerian-news/2016/12/13/efcc-news-three-wonder-bank-operators-bags-8-months-jail-term-conspiracy-cheating/

D poster below me, e don do na ehn?

Una mind don rest abi? So wt nxt

Nigerians na evrytn una dey like joke abt

Mmm, d tn juz dey trend like idiot

Useless stupid country


Thunder fire all una wey wnt make d tn crash, I wonder weda na una go dey feed ppl wey dey try use d shit survive for a living

Useless country, black monkeys



Pls dnt quote me, pls I beg u

Make thunder no strike una

mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm

mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm

mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm




2.2 million naira don enter gobe

I jus dey laf still...

Is the OP a mod The topic enter FP with 'speed of light' without a single comment.



Why news like this come up same day MMM freeze account

Singing wonder, wonder, wonder wonder

ok

For wat? . I still see no fraud in what they did .

It should only be called fraud only if after the stipulated 35months, the 12% is not given .

In other news, long live MMM

This post reminds me of my MMM money


Mavrodi, take 40% and give me back the rest.




I can't believe it's gone. Somebody should help me please

Are they also part of the MMM stuff?



Neteller here: .com.ng

Are they the operators of mmm?

Once you realise say even some EFCC and Police been follow they preach MMM upandown...

Moku Mogbe Modaran!!

NAME

T

some zombies done already dey shout mmm

2017 WWW

lol......wey dem Igbos? Come see these afonja o.........lol make u guys start fight

2017...... Do quick come abeg!!!!!!

...

Our government needs to create jobs for our youths.
It's obvious our youths are jobless. Imagine over 3m people in Mmm. This is a big shame on our government. I know a day will come when our youths will feast on these useless leaders.

I'm creative in my own way. Please check my signature 4 ur goats.

All because of MMM .

journalism in Nigeria is just disgraceful

hmm

it is now that MMM has crashed that you people are bringing this news>?
I have often told people that MMM would crash really soon but they always told me .... IS IT YOUR MONEY?
Well, let me give a quick breakdown of this scam:
A few guys who set this up put their names and account on the system for HELP to be provided for them at all times. They did not invest anything, hence their names appear in different places at all times and people paid in ignorantly.
Well, those guys don hammer. or what were you thinking? Those behind the software just made themselves rich.
I am even aware that some yahoo boys were already taking advantage of the MMM popularity to create their own schemes online somewhat similar to MMM.
I am out

Cone heads a.k.a Afonjas usual

Hehehe. Finally!

ARREST THEM ALL!

INCLUDING THAT SELF ORDAINED PASTOR MBANEFO THAT FORMED MMM NIGERIA!

If the youths will not learn, help them and eliminate those who would ruin their lives with ponzi schemes and wonder banks!

any idiot wey complain about mmm crash the thunder wey go fire him dey gather centripetal force......... We tell them dey no hear... Goverment tell them dey no hear, expert tell dem dey no hear... In fact victims of the so called mmm fraud tell una but una no hear...... Shey una talk say una destiny na to lose money.....!!?

Interested in making cool money? Check my signature

Name checkers, over to you

haywire07:
For wat? . I still see no fraud in what they did .

It should only be called fraud only if after the stipulated 35months, the 12% is not given .

In other news, long live MMM

Keep doing MMM. Just make sure you sell all your properties and PH with them.

www.nairaland.com/attachments/4601505_images_jpeg68d5535b971d558f594f10a5affd0a71

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Omase o