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Nairaland Forum / Nairaland / General / Business / EFCC Recovers N1bn From Ponzi Scheme Suspects In Rivers (20574 Views)
SEC Disowns MBA FOREX Investment, Calls It A Ponzi Scheme / Banks Lose Over N1bn As Hoodlums Wreck ATMs, Branches / EFCC Recovers N27.7b From Six Banks For Withholding Tax (2) (3) (4)
EFCC Recovers N1bn From Ponzi Scheme Suspects In Rivers by zakim(m): 8:33am On Sep 04, 2019 |
The Economic and Financial Crimes Commission (EFCC), Port Harcourt Zonal office, has recovered N1 billion from suspected Ponzi scheme fraudsters in the zone. The head of the zonal office, Abdulrasheed Bawa, who disclosed this at a media briefing in Port Harcourt yesterday, said the commission recovered the said amount out of N2 billion the suspects collected from their victims. He said men of the commission, after surveillance activities, arrested the suspects who, he said, promised their victims 10% monthly returns and payment of the principal after six months. He said the suspects convinced their victims that they were into foreign exchange and crypto currency trading. Bawa also stated that the zone, in the last eight months, recorded 149 convictions, made N268,934,375.75, $2,012,568.00, and £15,000 recoveries while 162 cases are still pending in court. Read more: https://www.dailytrust.com.ng/efcc-recovers-n1bn-from-ponzi-scheme-suspects-in-rivers.html 5 Likes 2 Shares |
Re: EFCC Recovers N1bn From Ponzi Scheme Suspects In Rivers by SLAP44: 8:48am On Sep 04, 2019 |
Ponzi scheme that has no name? What do these government liars take us for? Nigerians are the easiest people to deceive. 43 Likes 2 Shares |
Re: EFCC Recovers N1bn From Ponzi Scheme Suspects In Rivers by imamabi(m): 8:55am On Sep 04, 2019 |
Ponzi still dey? 7 Likes 1 Share |
Re: EFCC Recovers N1bn From Ponzi Scheme Suspects In Rivers by JOHNSONSOLAFUNMI(m): 8:55am On Sep 04, 2019 |
Laf in holy ghost fire 1 billion naira from ponzi scheme And how will the victims get back their money or na fed govt get this one too? 4 Likes 1 Share |
Re: EFCC Recovers N1bn From Ponzi Scheme Suspects In Rivers by justi4jesu(f): 8:55am On Sep 04, 2019 |
![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() 1 Like 2 Shares |
Re: EFCC Recovers N1bn From Ponzi Scheme Suspects In Rivers by Catchfirez: 8:55am On Sep 04, 2019 |
Lol efcc on the beat. 5 Likes 3 Shares |
Re: EFCC Recovers N1bn From Ponzi Scheme Suspects In Rivers by Yourbest(m): 8:56am On Sep 04, 2019 |
Who gets the money now? 2 Likes 2 Shares |
Re: EFCC Recovers N1bn From Ponzi Scheme Suspects In Rivers by NFarms: 8:56am On Sep 04, 2019 |
This is good news. Don't just recover the money, also lock them up. They are nothing but criminals 3 Likes 1 Share |
Re: EFCC Recovers N1bn From Ponzi Scheme Suspects In Rivers by Rapmoney(m): 8:56am On Sep 04, 2019 |
Who are the suspects and what's the name of the ponzi scheme? What sort of news is this? ![]() 12 Likes 1 Share |
Re: EFCC Recovers N1bn From Ponzi Scheme Suspects In Rivers by Kendumazy(m): 8:56am On Sep 04, 2019 |
Now the money belongs to federal government. See how greedy people are paying unwarranted tax to the federal government. New stock arrival! Quality UK 1st, 2nd and 3rd grade men's shirts available for sale. Check link below for more details 1 Like 1 Share |
Re: EFCC Recovers N1bn From Ponzi Scheme Suspects In Rivers by sparog(m): 8:56am On Sep 04, 2019 |
Don't just recover pls sentence them to death Useless fools 1 Like 1 Share |
Re: EFCC Recovers N1bn From Ponzi Scheme Suspects In Rivers by Denikayan: 8:56am On Sep 04, 2019 |
Fools are still abound and needs to be exploited. 1 Like 1 Share |
Re: EFCC Recovers N1bn From Ponzi Scheme Suspects In Rivers by DrNueLpureHoney: 8:56am On Sep 04, 2019 |
Yawa dey O EFCC just dey recover money Anyhow. My question is this... All these money wey dem dey recover since.....in what ways have Nigerians benefited from the recovered looted money? What and what do the government do with it? Instead of the government to use the money to build more industries and employ the youths so as to reduce the level of unemployment in the country...they are busy paying senators **Hardship allowance and even Newspaper allowance" Who did we actually offend in this country? ![]() 2 Likes 1 Share |
Re: EFCC Recovers N1bn From Ponzi Scheme Suspects In Rivers by puredigital(f): 8:56am On Sep 04, 2019 |
Who are these people deceiving? Is that even a Ponzi scheme as described in the content? That is an investment scheme Check my signature if you need a website designer or professional writer 3 Likes 1 Share |
Re: EFCC Recovers N1bn From Ponzi Scheme Suspects In Rivers by Nobody: 8:57am On Sep 04, 2019 |
What will they do with the recovered funds? 1 Like 1 Share |
Re: EFCC Recovers N1bn From Ponzi Scheme Suspects In Rivers by ainas247: 8:57am On Sep 04, 2019 |
![]() no details no name of the owner... half baked information... Rank your business on Google fast check this out 1 Like 1 Share |
Re: EFCC Recovers N1bn From Ponzi Scheme Suspects In Rivers by wizkidblogger(f): 8:57am On Sep 04, 2019 |
ok 1 Like 1 Share |
Re: EFCC Recovers N1bn From Ponzi Scheme Suspects In Rivers by olutop(m): 8:57am On Sep 04, 2019 |
SLAP44:Didn't you see the part that said He convinced them to thinking it is a FOREX and Crypto biz..... 2 Likes 1 Share |
Re: EFCC Recovers N1bn From Ponzi Scheme Suspects In Rivers by ssogundele(m): 8:57am On Sep 04, 2019 |
SLAP44: What they are trying to say is that it's amongst the fraud medium they busted and money recovered 2 Likes 2 Shares |
Re: EFCC Recovers N1bn From Ponzi Scheme Suspects In Rivers by Flashvite: 8:57am On Sep 04, 2019 |
Nigerians and Pomzi Scheme business... No fast lane to Success. Hard work is the key 2 Likes 1 Share |
Re: EFCC Recovers N1bn From Ponzi Scheme Suspects In Rivers by ednut1(m): 8:58am On Sep 04, 2019 |
Anyone still doing ponzi should be jailed too. Both customers and operators 2 Likes 1 Share |
Re: EFCC Recovers N1bn From Ponzi Scheme Suspects In Rivers by DameB(f): 8:58am On Sep 04, 2019 |
People have fallen, still fall and will keep on falling for these schemes... It happens for various reasons 1 Like 1 Share |
Re: EFCC Recovers N1bn From Ponzi Scheme Suspects In Rivers by andsboy29: 8:58am On Sep 04, 2019 |
Fraud everywhere in Nigeria, both home and abroad. God save this country 1 Like 1 Share |
Re: EFCC Recovers N1bn From Ponzi Scheme Suspects In Rivers by amazon14: 8:59am On Sep 04, 2019 |
This is Daura evening newspaper. 1 Like 1 Share |
Re: EFCC Recovers N1bn From Ponzi Scheme Suspects In Rivers by MANNABBQGRILLS: 8:59am On Sep 04, 2019 |
Why won't criminals like these people and their supporters hate the president?! Fraudsters that are only out to make people cry. 1 Like 2 Shares |
Re: EFCC Recovers N1bn From Ponzi Scheme Suspects In Rivers by ssogundele(m): 8:59am On Sep 04, 2019 |
JOHNSONSOLAFUNMI: Sure like sun rising from the east! I even believed that they are just declaring 50% of what they recovered 1 Like 1 Share |
Re: EFCC Recovers N1bn From Ponzi Scheme Suspects In Rivers by prodigyevans(m): 9:00am On Sep 04, 2019 |
That one can make 10% in a month in FOREX doesn't make it a ponzi scheme. One can actually make over 60% in a month in FOREX if he is educated, skilled, disciplined and can curb his greed. Or does it mean that every business anyone must undertake must be less than 10% ROI before it can be regarded as legit? Rubbish! 4 Likes 1 Share |
Re: EFCC Recovers N1bn From Ponzi Scheme Suspects In Rivers by UrVillagePpl: 9:00am On Sep 04, 2019 |
wenn i hear ponzi scheme i remember MMM ![]() ![]() 2 Likes 1 Share |
Re: EFCC Recovers N1bn From Ponzi Scheme Suspects In Rivers by Ykman(m): 9:00am On Sep 04, 2019 |
And what exactly makes this a Ponzi scheme? Return of 10% in a month, though high but not necessarily superfluous really. Forex and crupto can actually assure that if the trader is very well educated and experienced. The report never said the guys ran away or not. These reporters sef! Please make your reporting complete, detailed and unbiased always. 7 Likes 1 Share |
Re: EFCC Recovers N1bn From Ponzi Scheme Suspects In Rivers by point5: 9:01am On Sep 04, 2019 |
They should also tell us what dey will do wt that recovered loot n many others..thanks 1 Like 1 Share |
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