EFCC arrests 2 internet fraudster in Sokoto
Uncovers N3.5b in their account
Operative of the Sokoto Zonal office of Economic and Financial Crime Commission (EFCC).have arrested 2 suspected internet fraudster.
In a press conference on Thursday the the zonal head 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 turnover of N3.525,372, 654.43 within a period of six months.
He added that after thorough investigation for over nine months.the commission discovered that the operation of the account was variance with the stipulated objectives of the company, which stated ” General Merchandise/General Contract.
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He stated that the suspects lured the unsuspecting public with mouth watering returns on investment that is too good to be good.
The zonal head said upon investigation into the company’s activities we discovered that the leading architect of the Ponzi scheme is Benson Kurfe John and Iraboh Joseph Eseosa stressing that the duo procured Sunday Markus to register with corporate affairs commission and opened the Bank Account using fictious addresses and unregistered phone number.
He divulged that further revealed other accounts in Guarantee Trust Bank GTB , Zenith Bank, and a Parkway Ready cash account were equally opened by Sunday Markus but operated by Benson Kurfe and Joseph Iraboh.
He said the investigation also discovered that Benson Kurfe and Joseph Iraboh are the initiatiors and operators of the fraudulent double interest investment Ponzi scheme called annexation Biz Concept, however the the suspects decided to hide their identities.abd used that of Sunday Markus to register the company from CAC.
He noted that that Annexation Business Concept, no doubt is a pyramid Ponzi investment scheme promising members of the public a high and unrealistic return on investment (ROI) of 30, 60 and 200 percent to investors.
He added that the suspected fraudsters deceived their victims and made them believed that the funds would be used to trade in forex, crypto currency.
He said the suspects used the proceed to aquired properties , cars worth millions of naira and fat bank accounts.
He warned the general public of getting rich quick syndrome and greediness so that they will fall victims to the fraudster.
EFCC arrests 2 internet fraudster in Sokoto
