Latest Metro

EFCC warns Nigerians to shun wonder banks

Magu

The Economic and Financial Crimes Commission, (EFCC) on Sunday warned Nigerians to desist from patronizing money doubling activities of some faceless people called wonder banks.

The Commission reiterated that it would not hesitate to punish whoever found guilty under such activities.

It also implored Nigerians to do away with businesses without offices, adding that no one; even politicians were not exempted from arrest if found culpable of economic and financial crimes.

EFCC spoke on its verified Twitter page on Sunday while hosting a question and answer session.

The message read: “Nigerians beware of wonder banks; beware of “Money doublers”!

“Flee from business entities with no office location! Don’t be pushed by greed!

“It is better to act wisely than to regret the action. We also have what it takes to arrest and prosecute ANY Nigerian politician who has committed economic and financial crimes.”

Read also: Lagos seeks to end ordeal of residents as Sanwo-Olu orders road repairs

EFCC also spoke on the activities of internet fraudsters otherwise known as Yahoo boys.

The Commission described them as a “curse” to Nigeria, adding that they would be hunted by its operatives.

“Yahoo boys are actually A “CURSE” to the country and need to be stopped spreading at once

“For the purpose of education and information, internet fraud is a form of cybercrime punishable under several Sections of the Cyber Crimes (Prohibition Prevention, etc) Act, 2015.

“A jail term of seven years awaits the convict or a fine of N5m,” the EFCC added.

Ripples Nigeria

We are an online newspaper, very passionate about Nigerian politics, business and their leaders. We dig deeper, without borders and without fears.
www.ripplesnigeria.com

Join the conversation

Opinions

About the author

Ripples Nigeria

We are an online newspaper, very passionate about Nigerian politics, business and their leaders. We dig deeper, without borders and without fears.
www.ripplesnigeria.com

Do NOT follow this link or you will be banned from the site!