EFCC arrests three over N3.5bn online investment fraud - Daily Post Nigeria

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EFCC arrests three over N3.5bn online investment fraud

Mr. Bawa Kaltungo, EFCC Head in Sokoto State, made the disclosure while addressing newsmen on Thursday in Sokoto.

“The suspects purposely opened the account with intent to defraud unsuspecting members of the public in the name of investment.“Our investigation further revealed other accounts in GT Bank, Zenith Bank and a Parkway Ready Cash account.” According to him, the investment is a pyramid ponzi scheme promising members of the public high and unrealistic returns.

“However, after a painstaking investigation spanning nine months, we were able to make a breakthrough by arresting three suspects while the others are at large,” Kaltungo said.

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