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Nairaland Forum / Nairaland / General / Crime / Ponzi Scam: EFCC Arrests Female MD Of Millionaire African Leaders Club (photo) (40209 Views)
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Re: Ponzi Scam: EFCC Arrests Female MD Of Millionaire African Leaders Club (photo) by 9jaRealist: 5:24am On Sep 05, 2019 |
Re: Ponzi Scam: EFCC Arrests Female MD Of Millionaire African Leaders Club (photo) by hedonido: 5:25am On Sep 05, 2019 |
So investigations are still ongoing and you're parading her with this useless criminalising billboard in the name of mugshot. I don't even know why people agree to carry that thing and pose for photos. I swear una go kill me instead rather than to carry that nonsense pose for camera. |
Re: Ponzi Scam: EFCC Arrests Female MD Of Millionaire African Leaders Club (photo) by 9jaRealist: 5:27am On Sep 05, 2019 |
Ikpeazukerosene: This is EFCC’s job... EFCC deals with all financial crimes... While SEC deals primarily with securities and such tradable instruments. > |
Re: Ponzi Scam: EFCC Arrests Female MD Of Millionaire African Leaders Club (photo) by INDUSTRIALFAN(m): 5:29am On Sep 05, 2019 |
Success1020:I thought I was the only one that noticed that she didn't commit any crime. I read the entire article and I can see where any crime was stated. No body was scammed, people get paid and people decided to join in on their own. What people decide to do with their money is their personal business. The only default I can see here is not having a license and this is all based in allegations and not yet a fact. |
Re: Ponzi Scam: EFCC Arrests Female MD Of Millionaire African Leaders Club (photo) by mfm04622: 5:29am On Sep 05, 2019 |
Success1020: I do not support parading suspects too. It is wrong! However, she committed a crime by running a Ponzi scheme! The scheme was running at the time she was arrested, so she has not defrauded anyone yet. So she can only be arrested for planning to defraud and operating financial services without license. Are you saying EFCC should wait for the scheme to collapse before acting? 1 Like |
Re: Ponzi Scam: EFCC Arrests Female MD Of Millionaire African Leaders Club (photo) by Didijiji: 5:30am On Sep 05, 2019 |
Re: Ponzi Scam: EFCC Arrests Female MD Of Millionaire African Leaders Club (photo) by zakim(m): 5:32am On Sep 05, 2019 |
Re: Ponzi Scam: EFCC Arrests Female MD Of Millionaire African Leaders Club (photo) by anonimi: 5:34am On Sep 05, 2019 |
kerry57: Getting there someday by just talking? Abi what else are you DOING in order to get there Any WORK towards your goal of getting there someday? 1 Like |
Re: Ponzi Scam: EFCC Arrests Female MD Of Millionaire African Leaders Club (photo) by MondayOsunbor(m): 5:36am On Sep 05, 2019 |
Success1020: Thank you |
Re: Ponzi Scam: EFCC Arrests Female MD Of Millionaire African Leaders Club (photo) by anonimi: 5:37am On Sep 05, 2019 |
9jaRealist: What is the job of the Special Fraud Unit, SFU of the Nigeria Police Force 1 Like |
Re: Ponzi Scam: EFCC Arrests Female MD Of Millionaire African Leaders Club (photo) by 9jaRealist: 5:38am On Sep 05, 2019 |
Success1020: How was she “paraded”? That’s a mug shot and if you’re arrested by the FBI, you’II have similar mugshots taken. > |
Re: Ponzi Scam: EFCC Arrests Female MD Of Millionaire African Leaders Club (photo) by 9jaRealist: 5:47am On Sep 05, 2019 |
anonimi: You might as well ask what’s the job of the ICPC? Nigeria (and many other countries) have multiple investigatory agencies. Nevertheless, the EFCC Act empowers it.... To “prevent, investigate, prosecute and penalize economic and financial crimes”. The SEC, on the other hand, primarily regulates the capital markets... Part of that regulation of course necessarily includes “enforcement” action. > 2 Likes 1 Share |
Re: Ponzi Scam: EFCC Arrests Female MD Of Millionaire African Leaders Club (photo) by Divineayo(m): 5:49am On Sep 05, 2019 |
Cutehector:Abi help me ask am, which country grants license to operate a ponzi scheme. A company that trades neither goods nor services,it has no specific scope of operations. You are saying they should obtain license.let him go and give them license na |
Re: Ponzi Scam: EFCC Arrests Female MD Of Millionaire African Leaders Club (photo) by favour32(m): 6:01am On Sep 05, 2019 |
Success1020:Thumb up chief! Nairaland is an online platform you find the most technically illiterates in contemporary issues. Some of them are PhD holders just to comment unrelatedly or unintelligently. |
Re: Ponzi Scam: EFCC Arrests Female MD Of Millionaire African Leaders Club (photo) by 9jaRealist: 6:04am On Sep 05, 2019 |
Cutehector: Divineayo: She was NOT arrested on allegations of failure to obtain a license to run a Ponzi (pyramid) scheme, but rather for failure to obtain a license to “provide financial services” (of any sort) to the general public. When operators apply for such licenses, part of the process includes a description of the services to be provided and an examination by the relevant regulator whether the persons involved are “fit and proper” persons (wrt to qualification, knowledge, experience, and character, among others). Even after an operator receives a license, their operations can still be shut down (and the operators may be prosecuted) if it is subsequently discovered that the operator is not providing proper services or is engaged in fraud or other criminal activity. My guess is that the license charge here is essentially a “holding” charge to enable custodial authority over the suspect until the EFCC completes its investigations and add any other charges if and as appropriate (or drop the charges if so determined). > 1 Like |
Re: Ponzi Scam: EFCC Arrests Female MD Of Millionaire African Leaders Club (photo) by Xisnin(m): 6:06am On Sep 05, 2019 |
Success1020: You must be a half-baked lawyer for asking this question. Really, a lawyer who analyse the merit of a case based on press release. Arresting a suspect is part of an investigation! You are even talking about the FBI as if they don't arrest suspects all the time. I get it, Hollywood movies have created a god-like status for these foreign agencies but don't be deceived they are not different from their Nigerian counterpart. It gets worse that you are asking another Nairalnder for evidence of fraud when you can walk into any EFCC's office commando-style to demand the suspect's release. There is nothing illegal about arresting a suspect. A lawyer should know better. |
Re: Ponzi Scam: EFCC Arrests Female MD Of Millionaire African Leaders Club (photo) by 9jaRealist: 6:07am On Sep 05, 2019 |
Xisnin: Exactly! > |
Re: Ponzi Scam: EFCC Arrests Female MD Of Millionaire African Leaders Club (photo) by Xisnin(m): 6:07am On Sep 05, 2019 |
hedonido:Taking the mugshot of a suspect is a normal part of an investigation. Yes, she can be paraded while investigations are ongoing. 1 Like |
Re: Ponzi Scam: EFCC Arrests Female MD Of Millionaire African Leaders Club (photo) by dheaven: 6:08am On Sep 05, 2019 |
With this report she have not defrauded but with this arrest her customers will now cry cos she won't be able to run the business again. I suspect the arrest was caused by jealousy by other microfinance bank around her which cannot find how she runs it and succeed. |
Re: Ponzi Scam: EFCC Arrests Female MD Of Millionaire African Leaders Club (photo) by 9jaRealist: 6:09am On Sep 05, 2019 |
Angelfrost: favour32: There’s no “technical” (or other) illiteracy in most of the comments... She was EXPRESSLY arrested for providing financial services without a proper license. > |
Re: Ponzi Scam: EFCC Arrests Female MD Of Millionaire African Leaders Club (photo) by Angelfrost(m): 6:10am On Sep 05, 2019 |
Success1020: If they could read, and had the semblance of intelligence, wouldn't we have a better leader and country by now??!... Most of them merely check the name to ascertain tribal affiliation, then proceed to their usual childish, idiotic, and pointless ethnic bashing. |
Re: Ponzi Scam: EFCC Arrests Female MD Of Millionaire African Leaders Club (photo) by sylve11: 6:11am On Sep 05, 2019 |
Ikpeazukerosene: na so. |
Re: Ponzi Scam: EFCC Arrests Female MD Of Millionaire African Leaders Club (photo) by 9jaRealist: 6:12am On Sep 05, 2019 |
dheaven: She shouldn’t be “running the [unlicensed] business” in the first instance... You and I can’t simply go open a “bank” in our garage and start taking deposits from the public. > |
Re: Ponzi Scam: EFCC Arrests Female MD Of Millionaire African Leaders Club (photo) by itsjeezy: 6:13am On Sep 05, 2019 |
I shake my head for this country sha .... Check this out .. When EFCC arrests 49 people in Kaduna and recovers millions of naira money . There you will see that no names are mentioned oo. .then in two days time you will now see that EFCC arrest 5 or 6 in Enugu or port Harcourt and they will display their identities and their mug shots for the whole world all to see that they are working ... Then again after like two days EFCC will come out again and say they arrested 59 yahoo yahoo in kwara state .. They will not display pictures or names ooo .. Then just wait a bit the next day the same efcc will arrest 7 yahoo yahoo boys in owerri zone and there will parade them with names and mug shots .. Those it mean the yahoo yahoo in the north are ghosts . While those in the east are real humans .. This country is a shit hole and a mess. Buhari and his Muslim Fulani .. I dont blame you guys at all . I blame the two face figure on our left hand side ... 1 Like |
Re: Ponzi Scam: EFCC Arrests Female MD Of Millionaire African Leaders Club (photo) by jaxxy(m): 6:17am On Sep 05, 2019 |
What statutory license is that? The question is did she scam people? Efcc only have teeth when it’s not politicians especially those close to power. |
Re: Ponzi Scam: EFCC Arrests Female MD Of Millionaire African Leaders Club (photo) by Nobody: 6:19am On Sep 05, 2019 |
Success1020: She committed a fraudulent act cos she registered it as an NGO but run it as a ponzi scheme, secondly, the discount should be 70% but made it 50%. Are you still looking for where she committed fraud? Read the whole story again, this time, slowly so that you can understand it. 1 Like |
Re: Ponzi Scam: EFCC Arrests Female MD Of Millionaire African Leaders Club (photo) by starbright4real(m): 6:21am On Sep 05, 2019 |
gud day, pls i seriously need a job, i am a graduate of accounting (hnd) 07037799108 |
Re: Ponzi Scam: EFCC Arrests Female MD Of Millionaire African Leaders Club (photo) by 9jaRealist: 6:29am On Sep 05, 2019 |
jaxxy: She registered as a NON-PROFIT NGO and is providing financial services... That’s like one registering a school and then start running a hospital instead. > |
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