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

Kano Hisbah Board destroys 30 trailer loads of beer worth N150 m

                                   The Kano State Hisbah Board has seized and destroyed 30 trailer loads of beer worth N150 million. In a statement released on Tuesday December 25th, the board’s Public Relations Officer, Adamu Yahaya, said that the cartons of beer were destroyed on Monday evening December 24th after interception at Kalebawa on Danbata Road in Dawakin Tofa area. “The Kano State Law No. 4 of 2004 has banned the manufacture and use of intoxicants in the state. Furthermore, an order was given by a magistrates’ court for us  to go ahead with the exercise,” the public relations officer said. The worth of a trailer load of beer is between N5.2 million and N5.5 million. The sale of beer and its consumption has been banned in Kano state.
Post a Comment
Read more

BANDIT GUNRUNNER ARRESTED

  Police in Zaria city arrested Bilyaminu Saidu 33years, a gun runner, bandit & logistics supplier. He was arrested with 4 AK-47 rifles, 344 rounds of live ammunition & one motorcycle. Bilyaminu is an indigene of Shuwaki village in Bakori LGA of Katsina state.
Post a Comment
Read more

Airline pilot was "sucked halfway out" when cockpit windshield broke

                              An airline pilot had a close brush with death when he was "sucked halfway out" of the plane after a cockpit windshield blew out. A Sichuan Airlines flight was forced to make an emergency landing on Monday and it was later reported that the reason for the emergency landing was because the cockpit windshield blew out and almost tossed the pilot out of the plane. But for his seat belt, he would have been sucked out completely. Captain Liu Chuanjian has been hailed as a hero on social media after having to land the Airbus A319 manually. He told the Chengdu Economic Daily his aircraft had just reached a cruising altitude of 32,000ft when a deafening sound tore through the cockpit. There was a sudden loss of pressure and drop in temperature. When he looked over, the right windshield was gone....
Post a Comment
Read more