Skip to main content

EFCC arrests 27 ‘wonder bank’ operators in Oyo

Group of suspects operating wonder banks
Operatives of the Economic and Financial Crimes Commission have arrested 27 suspected operators of illegal financial institutions, also known as wonder banks.
The head of media, Ibadan zonal office of the agency, Femi Oyewole, who disclosed this on Thursday, said the suspects were arrested at different locations within Ibadan, Oyo State capital.
The suspects include, Olayeni Oladokun Samuel, Managing Director of Unlimited Grace Investment Limited and 10 members of his staff, Chris Igbinake of Grooming Centre and four of his staff and Akanbi Oluwakemi of Grace & Mercy Households Improvement Initiative and four of her staff.
The EFCC spokesman said, others include staffers of Sobic Financial & Investment Consultant, with their identities given as Awokunle Olukemi, Sikiru Obadara, Olasunkanmi Michael, Adeoti Adegboyega, Oyewusi Esther and Ojekunle Victor Olukayode.
He said the suspects have volunteered useful information to the operatives of the commission in their quest to unravel the extent of their illegal activities.
He added that investigations however have revealed that none of the institutions registered with the Central Bank of Nigeria (CBN) before embarking on financial transactions with the members of the public.
“They allegedly give loans to innocent and unsuspecting members of the public who register with them after 10 per cent deposit of the total loans sum and charge 15 to 20 per cent interest on all the loans granted to them,” he stated.
It was also gathered that these companies have branches in and outside Oyo State with thousands of customers spread across Oyo, Lagos, Ogun, Ondo, Kwara States.
“At the point of arrest, several copies of hand flyers for advertisement of their activities and laptops were recovered from them. They would be charged to court as soon as investigation is concluded and a prima facie case is established against them,” the image maker explained.

                             

Comments

Post a Comment

Popular posts from this blog

Horror as a whistle blower uncovers horrific abuse Chinese company in Aba allegedly subject their Nigerian staff to

                                     A whistleblower has exposed the horrific abuse and discrimination he allegedly uncovered in a Chinese company operating in Nigeria.   The Twitter user said the company located in at Umuahala, Obuzor Asa, in Ukwa West LGA of Abia State, is managed by Chinese while most of their workers are Nigerians.     However, he said the Nigerian staff are made to work under the most "dehumanizing conditions ever known to mankind".   He reported that every Nigerian staff is expected to call every Chinese staff "Master or Mistress".   He added that "male Nigerian workers are physically assaulted, while their female counterparts are sexually assaulted without any consequence."   When a Nigerian staff errs, the Chinese staff allegedly employ the services of Nigerian soldiers to discipline them mercilessly.    ...
Post a Comment
Read more

Lagos peaks again as Nigeria records 329 more Coronavirus cases

                                Nigeria recorded 329 more cases of Coronavirus on Friday, with Lagos topping the chat with 113 new infections. With the figures, Nigeria’s total confirmed Coronavirus cases is put at 48,445. Though, the fresh cases recorded by the nation is still on the lower side when compared with the 373 cases raked in on Thursday, the rise in infections in Lagos greatly boosted the new figures. Lagos’ 113 new cases is almost twice the 69 cases it recorded on Thursday. The 329 new cases were recorded in 21 states in the nation. Kaduna came a distant second with 49 cases, with FCT following with 33 cases; Plateau, 24 cases; Kano, 16 cases; Edo, 15 cases; Ogun, 14 cases; Delta, 13 cases and Osun, 10 cases. Others are: Oyo-8, Ekiti-6, Bayelsa-6, Akwa Ibom-5, Borno-4, Enugu-4, Ebonyi-3, Rivers-2, Bauchi-1, Nasarawa-1, Gombe-1 and Niger-1. Nine deaths were recorded on Thursday to take total numb...
Post a Comment
Read more

SARS officers allegedly chase three suspected internet fraudsters to their death

  Young men in Osogbo, Osun state took to the streets to protest after three suspected internet fraudsters were allegedly chased to their death by SARS officers today September 15 According to eyewitnesses, the young men were riding in their car when the SARS officers attempted to stop them. They refused to stop and the SARS officers engaged them in a hot chase. The driver of the car veered off the road and hit an electric pole. While one of the occupants in the car died on the spot, two others died later. Aggrieved youths in the area dumped one of the corpses in front of Osun Government House, Oke Fia, and destroyed a motorcycle. Also, the protesters, who were mostly youths, also targeted police operatives and attacked many bystanders around Oke Fia, Alekuwodo, and Ilobu road.   The spokesperson of the state police command is yet to comment on the incident.
Post a Comment
Read more