EFCC spokesman, Wilson Uwujaren, gave this indication in an interview with Daily Post on the sidelines of a training programme in Port Harcourt.
He said the anti-graft agency was also watching other online schemes that promise huge returns on investments.
The EFCC spokesman said preliminary investigations have shown that such online schemes thrive in countries that are facing economic recession.
He warned that there was a big chance of desperate subscribers on such platforms of losing their investments.
“We can only arrest people based on the evidence that we have. The House made a resolution but the resolution is a public announcement.
We have always been advising people not to patronize wonder banks because experience over time has shown that their activities are not sustainable.
If you get involved in it, you will eventually get hurt. What we are currently doing is to sensitize people. We know people want to make quick money as a result of recession through this MMM.
The unfortunate thing about this MMM is that it is not a Nigerian firm but we are looking at and we will still tell the media whatever we find out,” Uwujaren said.
12-year-old boy kills landlady as condition to be initiated into a cult
A 12-year-old boy, who allegedly robbed and killed his landlady at Abraka, Ethiope East Local Government Area, Delta State, yesterday, was among those paraded for various offences by the state Police Command, yesterday.
The state Commissioner of Police, Mr. Zanna Mohammed, who briefed reporters on the arrest of over 60 kidnappers, robbers, murderers, cultists and ritualists in the last three weeks, said the teenager confessed that he committed the act because a cult group told him that one of the conditions for initiation was that he must have been involved in a criminal act.
Super Falcons striker, Asisat Oshoala, comes to Falz defence with regards to statement about glorifying fraudsters
Nigerian professional footballer, Asisat Oshoala, who plays as a forward in the Chinese Women’s Super league for Dalian Quanjian F.C., took to her Instagram to express deep concern about how people are now proud to be fraudsters.
In Falz’ defense, she insisted fraudsters shouldn’t be glorified.