The Economic and Financial Crimes Commission, EFCC, Enugu zonal office is currently interrogating Princess Benny Chidinma, Managing Director of a suspected Ponzi Scheme, “Millionaire African Leaders Club, on allegations of providing financial services without statutory license.

Chidinma’s arrest comes two days after her Enugu branch Coordinator, Nwonu Priscilla Chika was apprehended by operatives of the Commission following a raid on the premises of the club at No 79 Nike Road, Abakpa Nike, Enugu, Enugu State. Three promoters and newly recruited staff of the organisation were arrested in the operation.

Under interrogation, Chidinma admitted, that the Ponzi scheme was initially registered as a Non-Governmental Organization(NGO) and that she was running it in connivance with her accomplice, one Ken Onyekwere Okwuikpo who resides in PortHarcourt, Rivers State. .

She further revealed that the scheme pays 70% (seventy percent) interest and not 50% as earlier stated by the Coordinator as annual return on investment, to contributors. .

She also disclosed that their offices are spread across Nsukka, PortHarcourt, Aba, Abakaliki and Enugu.

Investigation is still ongoing, while efforts are being made to arrest other accomplices.

See more here; http://gistmore.com/ponzi-scam-efcc-arrests-female-md-of-millionaire-african-leaders-club

Good morning from this side. I wish you all a productive day.

Na wa o

Sorry for her

Who still join all this tin

It seems SEC has gone into coma since EFCC is now doing their job.

millionboi2:
Who still join all this tin

So long as there are greedy people, they would always be victims of scams like this.

MMM again, only greedy souls can be lured in to scam of this nature.

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Who still does Ponzi, well some ppl can never learn sha..thank God she was caught early before any havoc is done

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statutory license what is that please

"EFCC, Enugu zonal office is currently interrogating Princess Benny Chidinma, Managing Director of a suspected Ponzi Scheme, “Millionaire African Leaders Club, on allegations of providing financial services without statutory license."

I read this 10x, just trying to know why she was arrested. What is the job of EFCC again? I didn't see where she committed any fraud. Why parade her when all these are allegations? Why not do your investigation like FBI before arresting and parading her? If her offense is simply a case of malfeseance or negligence; not having the appropriate license from SEC to raise and invest public funds, does that warrant this? Most Nigerians don't even know why we have SEC. Lady, lawyer up. Or pm me, my law firm can handle this pro bono.

I decided to point this out because some of us can't read, and will start shouting "rot in jail" like the one below me.

Greedy people just full this country... Make she rot for jail.

You need a wedding photography discount, check my signature

After today its case closed, after they collect their share, EFCSHIT �

MondayOsunbor:
statutory license what is that please

to manage public funds

there are SEC requirements

last i checked its close to 300M naira and some other stuff

So that means ponzi schemes can have licences

Success1020:


I read this 10x, just trying to know why she was arrested. What is the job of EFCC? I didn't see where she committed any fraud. Why parade her when all these are allegations? Why not do your investigation like FBI before arresting and parading her? If her offense is simply malfesance; not having the appriopriate license to conduct financial transaction, does that warrant this?

because we are uniquely awkward..

Ikpeazukerosene:
So long as there are greedy people, they would always be victims of scams like this.

Very true words.


www.nairaland.com/attachments/3473612_image_jpeg_jpeg6f95b5e7a24ad4fc0808d6698fd37362

Gov of the north .. And thing connected with SE/SS.. Na arrest and put to jail ..
We are watch..
Adult thatt took child things up, must bring it down when its handstarted paining.

Success1020:
I read this 10x, just trying to know why she was arrested. What is the job of EFCC? I didn't see where she committed any fraud. Why parade her when all these are allegations? Why not do your investigation like FBI before arresting and parading her? If her offense is simply malfeseance or neglligence; not having the appropriate license to conduct financial center, does that warrant this? Lady, lawyer up. Or pm me, my law firm can handle this pro bono!

I decided to point this out because someone of us can't read, and will start shouting "rot in jail" like the one below me.

So for your mind Ponzi scheme is not fraud

Onlinealaba:
Who still does Ponzi, well some ppl can never learn sha..thank God she was caught early before any havoc is done

CHECK MY PROFILE, your electronics at best prices

For anyone chasing after money senselessly, Ponzi is attractive.


www.nairaland.com/attachments/3401521_cannoteatmoney_jpegaebb2a352ae295fc9aa7a61c24b4203c

She started from NGO.. That's one of the hottest cakes now to siphon money.. Everything is all about raising money to we Nigerians..
Nigerians, I salute una

anonimi:


So for your mind Ponzi scheme is not fraud

Here they go again, I don't want to insult you this morning. Show me where she committed a fraud?

oceaneverdry77:
Gov of the north .. And thing connected with SE/SS.. Na arrest and put to jail ..
We are watch..
Adult thatt took child things up, must bring it down when its handstarted paining.

senseless comment

Success1020:
Here they go again, I don't want to insult you this morning. Show me where she committed a fraud?

Because na me be MaguN, the rogue boss of EFCC

Those who look for shortcut ways to riches will always fall victims of ponzi scam.

Princess?

This people really wants to develop Mars truly truly

Women come dey get mind dey run biz whey men suppose dey fear to run. Na wa ooo, but we are getting there someday.

oceaneverdry77:
Gov of the north .. And thing connected with SE/SS.. Na arrest and put to jail ..
We are watch..
Adult thatt took child things up, must bring it down when its handstarted paining.

Don't border yourself my brother....i understand what you are saying

MUGUs and their money are soon parted...
>

Men dem doing anything and everything go make the kpa
Chai..
Baba have mercy finally na..