The Economic and Financial Crimes Commission 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 first is a syndicate of fraudsters that employed an airline discount scheme to lure their victims.
They advertise a discount system in the purchase of flight ticket of a particular foreign carrier.
The payment module is designed in such a way that their victims that the payment is actually made into the account of the airline.
After payment is made the passenger’s entire funds in his bank account are emptied.
Investigations showed that more than 700 victims have been scammed so far, with a loss of N651 million.
The Commission has so far recovered and released N33million to victims of the fraud.
Investigations showed that the scheme is being masterminded by a foreign national.
Another scheme involves a company named Fred and Farid Investment Limited, simply called FF investment, which lure Nigerians into a bogus investment arrangement.
More than 200, 000 victims have been defrauded in this regard.
A total sum of N18, billion was raked in through nine companies offering diverse investment packages.
