Court Convicts Ponzi Scheme Operator in Kano, Orders Return …

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Court Convicts Ponzi Scheme Operator in Kano, Orders Return of N110m to Victims

Justice Lewis Allagoa of the Federal High Court, Kano on March 2, 2021 convicted one Maryam Abu Shinga on one count amended charge

of retention of proceeds of crime. She was also ordered to pay the sum of N110, 000,000 in restitution to victims

The convict was said to have lured her victims into a phony gold mining investment where she represented that the investor stands to earn 300% profit. She claimed that when an investor invests N500, 000, such investor could earn N1, 500,000 (One Million Five Hundred Thousand Naira Only) as returns on investment over a period of 4 weeks.

Investigation, however, revealed… Mehr


Economic and Financial Crimes Commission, profile pictureIst möglicherweise ein Bild von 1 Person und Straße


Source: EFCC News