In a bid to rid the nation of the infamous activities of Wonder Banks popularly known as the Ponzi scheme, the EFCC in Ibadan Zonal Office has arrested 27 suspected operators of illegal financial institutions in Ibadan.
This was contained in a statement issued by Mr Ayo Oyewole, the Head of Public Affairs, Ibadan Zonal Office of EFCC, in Ibadan on Thursday.
Oyewole said that the suspects had volunteered useful information to the operatives of the commission in their quest to unravel the extent of their illegal activities.
He said that investigations revealed that the operators were arrested for operating illegal financial institutions.
Oyewole said the operators allegedly gave loans to innocent and unsuspecting members of the public who register with them after 10 percent deposit of the total loans sum and charge 15 to 20 percent interest on all the loans…
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