@SOUNDAZA

The Economic and Financial Crimes Commission (EFCC) has arrested the Chief Executive Officer of Galaxy Transportation and Construction Services Limited, Babagana Dalori, who allegedly defrauded 27,400 Nigerians to the tune of about N7billion through fake promises of mouth-watering returns on their investment in his companies.

Dalori, who is currently undergoing interrogation in the Commission, had incorporated the firm in 2012 with one tricycle (Keke NAPEP), which through pool investments by members of the public later boasted of 50 tricycles. .

The entrepreneur later diversified into other business ventures while promising mouth-watering returns to investors.

The Commission’s investigators discovered that Dalori initially paid 200 per cent interest on investors’ deposits in the firm and later reduced the interest to 135 per cent before the scheme crashed in 2018.

To suck as many unsuspecting victims into his ponzi net, Dalori engaged in massive advertisements on radio and television, including a production of a movie by A-list Nollywood actors, which aimed at convincing members of the public to invest in his companies. .As a victim stated, “he even went to the extent of organizing Nollywood stars to produce a movie for him to further promote public investment into his company.

He specifically organized some actors and actresses in Kannywood to act in a movie called “Zero Hour” to show the need for people to invest in Galaxy.“Unfortunately, his gimmicks paid off as different people took their hard-earned savings, inheritance, pensions and other source of income and invested in Galaxy. Now, the scheme has crashed and investors can no longer get their money.

“At the moment, he has used the investors money to incorporate different entities without getting their consent. He now has Galaxy Global Energy Concept Ltd, Galaxy Miners Concept Ltd, Galaxy Global Farms, Galaxy Computers, Galaxy Block Making Factory, Galaxy Hospital and Galaxy Hotel.”

SOURCE: https://soundaza.com/babagana-dalori/

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Danyiska

De heart attack dah wee kee dis one is still duin press up

Take him to court...

I don't get how Ppl feel so comfortable defrauding others ... How exactly do dey sit back and relax knowing fully well dey are responsible for d pains a whole lot of ppl are going thru?

He worked on people's greed. It will always happen. Ponzi Ponzi Ponzi.

When will they arrest Bullion van Tinubu to know the source of his wealth?

Okay

That's a confirm scammer. Nigerians are always known to be gullible sha.

This one will be jailed ooo

And more fraudsters are joining to defraud their fellow hustlers. It shall not be well with anyone that defrauds his own or someone that trusts him.

All these bet9ja and Nairabet FIXED MATCH fraudsters should also be arrested before they graduate to defrauding people of billions too

I hope he isn't the owner of Galaxy TV

Ponzi? I don't think anyone will fall for them again

Johnsonodd51:
See below

Another scammer

anytime i see a small business paying celebs to advertise for them, i flee. some in lekki are selling land with excision in progress titles o. yet celebs dey appear in their ads

The court will ask him to pay 700k fine or spend 7 days in jail. Case close! As long as you steal billions you have no case.

Good for him. I wonder what happened to Transberg logistics? The same Ponzi scheme in the name of investment. I hope he pays for it

So Kanuri people get brain like this!

MMM

Bone matters... The guy go settle head master. The matter go end
#naNAIJAbethis

Ponzi again!

Name checkers southern side, viewing the name to confirm the true identity .

Babagana Dalori