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EFCC Uncovers N2bn Ponzi Scheme In Port Harcourt

The Economic and Financial Crimes Commission (EFCC), has arrested 19 staff of a fake investment company, running an alleged Ponzi Scheme that has defrauded members of the public to the tune of N2 billion in Port Harcourt, Rivers State.

It was said that Neenwi Swanu, the chairman of the company, is on the run.

The company, Bluekey Investment Club, located at Sonia Mall, 42 Woji Road, YKC Junction, in the state, was registered with the Corporate Affairs Commission (CAC), as a software development and general contracting firm.

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However, it went into an interest-yielding Ponzi Scheme, promising to give 10 percent weekly returns on investment to members of the public over six months.

The company also promised total returns of invested capital after six months.

Among the arrested staff are five Principal Officers, who are: Princess Tsaroigbara, the  Public Relations Officer, Onwusa Frances Chineze, Accountant, Naabe Gunugu, Payment Confirmation Staff and Tambari Success, Customer Service officer.

Tsaroigbara told the anti-graft agency that the company was into “Digital Financial and other Technological Services”, and was not sure if it was fully registered with the Security and Exchange Commission and the Central Bank of Nigeria.

Victims of the scheme gathered at the premise of the company after the development, seeking EFCC’s intervention regarding their money.

Among the items recovered from the company are computers and a sum of N459, 300.

About Oluwafemi Ashaolu

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