EFCC Arrests Alleged Ponzi Scheme Operators In Enugu
Following intelligence received from a sister law enforcement agency, the South East Zonal office of the Economic and Financial Crimes Commission,EFCC todayThursday August 29, 2019 arrested three promoters and staff of Millionaires African Leaders Club, a Ponzi scheme operating from No. 79, Nike Road, Abakpa Nike, Enugu, Enugu State.
The Coordinator of the organization, Nwonu Priscilla Chika, told her interrogators that the club operates a collaborative contribution scheme, mostly transacted in cash on two class basis : first class and business class. Both attracts registration fees and monthly contribution of N3,000 and N25,000; and N2,000 and N12,500 respectively.
According to Nwonu, who claimed that that the scheme’s corporate headquarters is at Nsukka with t one Princess Benny as chief executive, said the Enugu office commenced operations barely two months ago and that the scheme promises their “investors” 50% return on the sum invested.
The suspect could not confirm the registration of the ” firm” with the regulatory bodies such as the Securities and Exchange Commission, SEC, and the Central Bank of Nigeria, CBN.
