- EFCC has arrested 27 'wonder bank' operators in Oyo state
- The suspects were arrested at different locations within Ibadan, Oyo state capital
- The suspects have volunteered useful information to the operatives of the commission in their quest to unravel the extent of their illegal activities
Operatives of the Economic and Financial Crimes Commission (EFCC) have arrested 27 suspected operators of illegal financial institutions, also known as wonder banks.
Premium Times reports that the head of media, Ibadan zonal office of the agency, Femi Oyewole, who disclosed this on Thursday, February 22, said the suspects were arrested at different locations within Ibadan, Oyo state capital.
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NAIJ.com gathered that the suspects include, Olayeni Oladokun Samuel, managing director of Unlimited Grace Investment limited and ten members of his staff, Chris Igbinake of Grooming Centre and four of his staff and Akanbi Oluwakemi of Grace & Mercy Households Improvement Initiative and four of her staff.
Group of suspects operating wonder banks. Credit: Premium Times
The EFCC spokesman said, others include staffers of Sobic Financial & Investment Consultant, with their identities given as Awokunle Olukemi, Sikiru Obadara, Olasunkanmi Michael, Adeoti Adegboyega, Oyewusi Esther and Ojekunle Victor Olukayode.
He said the suspects have volunteered useful information to the operatives of the commission in their quest to unravel the extent of their illegal activities.
He added that investigations, however, have revealed that none of the institutions registered with the Central Bank of Nigeria (CBN) before embarking on financial transactions with the members of the public.
“They allegedly give loans to innocent and unsuspecting members of the public who register with them after 10 per cent deposit of the total loans sum and charge 15 to 20 per cent interest on all the loans granted to them,” he stated.
It was also gathered that these companies have branches in and outside Oyo state with thousands of customers spread across Oyo, Lagos, Ogun, Ondo, Kwara states.
Sealed wonder bank by EFCC. Credit: Premium Times
“At the point of arrest, several copies of hand flyers for advertisement of their activities and laptops were recovered from them. They would be charged to court as soon as investigation is concluded and a prima facie case is established against them,” Oyewole said.
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Meanwhile, NAIJ.com had previously reported that the Economic and Financial Crimes Commission (EFCC) rejected the plea bargain offer of a former minister of the Federal Capital Territory, Ms Jumoke Akinjide.
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