Court jails scammer, Olaniyan Gabriel Amos for 63 years
The Oyo State High Court in Ibadan has sentenced Olaniyan Gbenga Amos to 63 years in prison for running a fake investment scheme. Justice Olusola Adetujoye gave the judgment on Monday, April 28, 2025. Amos was found guilty on 9 out of 30 charges. He ran his scam through a company called Detorrid Heritage Investment […]
EFCC alerts Nigerians on 58 illegal Ponzi scheme operators
The Economic and Financial Crimes Commission (EFCC) has issued a warning about 58 companies allegedly running illegal Ponzi schemes in Nigeria. These companies promise high returns on investments but are actually scamming people out of their money. The EFCC is urging Nigerians to be cautious and avoid falling victim to these fraudulent schemes. A Ponzi […]
EFCC Arrests Nigerian For Defrauding 139 Australians
The Economic and Financial Crimes Commission (EFCC) has arrested a Nigerian man, Osang Otukpa, for defrauding 139 Australians of AUD 8 million. Otukpa created a fake cryptocurrency investment platform called Liquid Asset Group, where he convinced his victims on social media to invest their money. To carry out the scam, he used five fake names: […]