They were arraigned on a three-count charge bordering on conspiracy and obtaining money by false pretence.
Investigations further revealed that the defendant spent a total of N139,704,097 of the investors’ money on playing sports betting.
Elite Investment owner collected N179m from Nigerians, spent N140m on betting, tithe - EFCC - Daily Post Nigeria
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Elite Investment owner collected N179m from Nigerians, spent N140m on betting, tithe – EFCC