The Economic and Financial Crimes Commission, EFCC, has arrested the duo of Garba Iliyasu and Umar Iliyasu who are alleged to be running a Ponzi Scheme in Kano under the name, MGB Global Market.
Their arrest was sequel to intelligence that the organization had lured many citizens to ‘invest’ in the bogus scheme using the irresistible promise of return on investment of up to 50 percent in two weeks as bait.
This was contained in a statement issued in Abuja by Head, Media, and Publicity, EFCC Wilson Uwujaren and obtained by Solacebase on Friday
‘’Upon receipt of the intelligence, the Commission stormed the office of MGB Global located at Sabo Bakin Zuwo Road, Opposite ConOil, Tarauni Local Government Area of Kano State and arrested Garba Iliyasu and Umar Iliyasu alongside 16 other employees of the outfit. The employees were subsequently released,’’ said the statement.
It said during the operation, laptops, desktops, POS machines, Tokens, and other documents were recovered.
The statement said, the investigation revealed that one Mohammed Garba Iliyasu who is now on the run is the Managing Director of the Company. Two of his brothers, Abubakar Garba Iliyasu and Ibrahim Garba Iliyasu who are also part of the scheme, are equally on the run.
‘’On September 5, 2019, operatives of the Commission executed a search on the family house of the suspects in Hotoro Area of Kano State and made the startling discovery of prohibited firearms live ammunition and several other incriminating documents. ‘’
‘’One of the suspects is allegedly building a 6-bedroom duplex at the same Hotoro with funds which are believed to be proceeds of the Ponzi Scheme.’’
197228 360791Thank you for this amazing post! It has long been extremely valuable. I wish which you will carry on posting your understanding with us. 113352
Otobüste elbiseli kadının bacaklarını çekerken yakalandı!
“Mühendisim İstanbul’daki otobüs kazasını anlatan yolcu: ‘Kemer olmasaydı ben de fırlamıştım’.
I’ll right away grasp your rss as I can not to find your e-mail subscription hyperlink
or e-newsletter service. Do you have any? Please permit
me recognise so that I may just subscribe. Thanks.
Hi, I think your blog might be having browser compatibility issues.
When I look at your blog site in Firefox, it looks fine but when opening in Internet Explorer, it has some overlapping.
I just wanted to give you a quick heads up! Other then that, superb blog!
It’s really very difficult in this full of activity life to listen news on TV, thus I only
use internet for that purpose, and take the latest information.
What’s up to every single one, it’s actually a fastidious for me to pay a visit this web
site, it contains priceless Information.
Somebody necessarily help to make severely articles I might state.
That is the very first time I frequented your web page and so far?
I amazed with the research you made to create this particular put up extraordinary.
Excellent process!