Some ponzi scheme operators have been nabbed in Kano state with men of the Economic and Financial Crimes Commission.
Their arrest was sequel to intelligence that the organisation had lured many citizens to ‘invest’ in the bogus scheme using irresistible promise of return on investment of up to 50 percent in two weeks as bait.
During the operation, laptops, desktops, POS machines, Tokens and other documents were recovered.
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.
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.
The Commission once again, warn the general public to desist from patronizing get rich schemes like MGB Global.