The operative of the Sokoto Zonal office of Economic and Financial Crime Commission (EFCC), Sokoto zonal office have arrested 3 for allegedly involving themselves in a Ponzi scheme to defraud members of the public.
Addressing newsmen in a press conference on Thursday, the zonal head of the commission, Bawa Usman Kaltungo said the commission received a complaint from United Bank For Africa (UBA ) on 28, October, 2020 on an account in the name of annexation Business Concept opened by one Sunday Markus.
He further disclosed that the account had a turnover of N3.525,372, 654.43 within a period of six months.
He added that after thorough investigation for over nine months by his office, they discovered that the operation of the account was variance with the stipulated objectives of the company, which stated “General Merchandise/General Contract.”
He stated that the suspects lured the unsuspecting public with…