Operatives of the Economic and Financial Crimes Commission (EFCC) have raided the offices of so called Wonder Banks and ponzi schemes in Ibadan, the Oyo State capital, arresting 27 operators and staff members.
The Ibadan zonal office of the EFCC whose officers carried out the raid said the suspects were arrested from different locations within the city.
The suspects, according to the anti-graft agency include:
- Olayeni Oladokun Samuel, Managing Director of Unlimited Grace Investment Limited and 10 members of his staff
- Chris N. Igbinake of Grooming Centre and four of his staff
- Akanbi Oluwakemi of Grace & Mercy Households Improvement Initiativeand four of her staff.
- Staffers of Sobic Financial & Investment Consultant which include Awokunle Olukemi, Sikiru Obadara, Olasunkanmi Michael, Adeoti Adegboyega, Oyewusi Esther and Ojekunle Victor Olukayode.
Newspeakonline gathered that none of the arrested illegal financial institutions are registered with the Central Bank of Nigeria (CBN). They allegedly give loans to unsuspecting members of the public who register with them after 10% deposit of the total loan sum and charge 15% to 20% interest on all the loans granted to them.
It was also gathered that these illegal financial institutions have branches in and outside Oyo State with thousands of customers spread across Oyo, Lagos, Ogun, Ondo, Kwara and several others
The Commission said the suspects have volunteered useful information that would unravel the extent of their illegal activities. Several copies of hand flyers advertising their activities and laptops were recovered from the suspect at the point of arrest.
They would be charged to court as soon as investigation is concluded and a PRIMA facie case is established against them, the commission said.