N7b wonder bank scheme flop: EFCC freezes 16 accounts, detains mastermind vanguardngr.com vanguardnews
Similarly, the operator of the scheme and his company are now under investigation by the EFCC, which had already taken them in for interrogation over the project that has reportedly led to the loss of over N7 billion by no fewer than 27,440 unsuspecting Nigerians.
Already, the operatives have confirmed they are probing the man to establish whether he had committed a criminal breach of trust and obtaining money under false pretence, serious offences punishable under the EFCC ACT and other laws of the country.An interim report turned in by investigators said: “At the moment, he has used the investors’ money to incorporate different entities without getting their consent.
Dalori further engaged in rigorous advertisements in the radio and television stations including a movie by the Nollywood to convince the investors. “Unfortunately, his gimmicks paid off as different people took their hard earned savings, inheritance, pensions and other source of income and invested in Galaxy.The report further said: “Investigation into this case is still at preliminary stage as the team is intensifying efforts to trace all assets that belong to the 1st suspect and 2nd suspect. So far, Twenty 22 property have been traced to the suspects including Six Filing Stations and Five Quarries across different states.
Speaking through one of his officials, Mr. Cletus Onoja, Dalori said the company was merely taken for investigation by the EFCC following a petition by the company clients. “As an obedient citizen of the country, the MD/CEO turned in and gave himself to the Commission’s interrogations,’’
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