EFCC Arrests Wonder Bank Operators Over N2bn Fraud

Operatives of the Economic and Financial Crimes Commission (EFCC) in Port Harcourt, Rivers State, have arrested 19 operators of a Ponzi Scheme for allegedly defrauding Nigerians to the tune of N2 billion.

According to a statement shared on EFCC’s verified Facebook page on Saturday, the Ponzi Scheme, Bluekey Investment Club, is being operated from Sonia Mall, 42 Woji Road, YKC Junction, Port Harcourt, Rivers State. 

The anti-graft agency said Bluekey Investment Club was registered with the Corporate Affairs Commission (CAC) as a Software Development and General Contracting Firm, but allegedly switched into “an interest-yielding Ponzi Scheme with 10 per cent weekly returns on investment over six months” while also promising total returns of invested capital after six months.

The statement said, “Nineteen staff of the company were rounded up on Friday in Port Harcourt. Among them are five Principal Officers: Princess Tsaroigbara (Public Relations Officer) ; Onwusa Frances Chineze (Accountant); Naabe Gunugu (Payment Confirmation Staff), Tambari Success (Customer Service) and Anorue Maureen (Receptionist). The Chairman of the company, Neenwi Swanu, was at large as at the time of arrest.

“Princess Tsaroigbara told interrogators that her company was into “Digital Financial and other Technological Services” and was not sure if the company was fully registered with the Security and Exchange Commission, SEC, and the Central Bank of Nigeria, CBN. Scores of defrauded customers thronged the premises of the company seeking the intervention of the EFCC.

“Items recovered from the company are computer units and a sum of N459,300. The suspects would be charged to court as soon as investigations are concluded.”