According to a publication by Daily Post, the Oyo State Police on Thursday said that no fewer than eight (8) suspected fraudsters who have been defrauding some members of the public have been arrested.
It was gathered that the suspects were arrested for fraud through a money-doubling Ponzi scheme in Igboho, in Oke Ogun geopolitical zone of the state.
The suspects were arrested in Badagry area of Lagos state where they had opened another office.
Commissioner of Police, Mr. Joe Enwonwu who paraded the suspects during a press conference in Ibadan, added that the sum of two hundred and five thousand naira was recovered from the eight suspects.
The suspects are Oyejobi Kola, Adisa Olayinka, Ridwan Adebayo, Damoka Ademuyiwa, Dada Adisa, Romoke Oladipupo, Adegbola Eniola and Damilola Adejumo.
Enwonwu said, “Sometimes in August 2020, some members of a notorious gang of fraudsters who specialized in swindling members of the public through money-doubling Ponzi scheme stormed Igboho town and induced many unsuspecting members of the public to part with huge amounts of money amounting to two million, seven hundred thousand naira (N2,700,000.00) by introducing them to a scheme they termed ‘Social economic development programme’.
“The fraudsters who operated under the name and style noble city global concept induced the unsuspecting members of the town to part with their money under the pretext that they receive in multiple folds within forty-eight hours any amount they invest.
“However, as soon as they received monies from the victims, they disappeared into thin air and all efforts to reach them proved abortive.
“A team SARS operatives swung into action and after discreet investigation, the members of the criminal syndicate were arrested in Badagry area of Lagos State where they had opened another office and swindled so many other members of the public and they confessed to the crime”.