A 'Wonder Bank' operator in Enugu State,
Chief Patrick Shanchi Nwokike, has been
arrested by operatives of the Economic and
Financial Crimes Commission (EFCC), for
allegedly defrauding his customers'
deposits » to the tune of N4 billion.
In a statement on its website, the EFCC stated
that Nwokike, the Managing Director of the firm
known as 'Let's Partner With You,' arrested at
his residence following hundreds of petitions
from customers across the country who claimed
he collected money from them » with the
promise of paying huge profits only to renege on
his promises.
The anti-graft agency indicated that Nwokike
who has been running the scam in the past five
years solicited and obtained deposits of more
than N4 billion from the public with the promise
of mouth-watering interest in return.
During investigations conducted by the
Commission, it was realized that the company
has no license to solicit and manage funds for
the public nor was it registered with Securities
and Exchange Commission, SEC or the Nigeria
Deposit Insurance Company, NDIC.
"Further investigations showed that a 10 percent
interest was for some time paid on invested
capital which was suddenly stopped even as all
efforts by depositors to have at least the capital
of their investments returned nor terminate their
investments proved abortive."
Also Read : "Wonder Bank: 'Investment Banker'
who stole N670m from depositors dragged to
court" »
"Many of the complainants alleged that the
operators of the scheme, especially Chief
Nwokike, not only lived very flamboyant lifestyles
but acquired several personal assets, apart from
using their deposits for philanthropic enterprises.
The company was also found to have over six
accounts in about four banks with the CEO of
“Let's Partner With You Ltd” and his wife being
the only signatories."
No comments:
Post a Comment