In its effort to stem out financial irregularities, the Economic and Financial Crimes Commission EFCC, has identified a new generation bank, a micro finance bank and fintech company to be involved in an investment scheme.
Director of public Affairs of the Commission, Wilson Uwujaren made this known at a press briefing at the commission’s headquarters in Abuja
The director reveals that the first is a syndicate of fraudsters that employed an airline discount scheme to lure their victims where they advertise a discount system in the purchase of flight ticket of a particular foreign carrier.
The director adds that after payment is made, the passenger’s entire funds in his bank account are emptied.
Investigations further show that more than seven hundred victims have been scammed so far, with a loss of six hundred and fifty-one million. The Commission says it has so far recovered and released thirty-three million to victims of the fraud.