EFCC ARREST TWENTY-SEVEN “WONDER BANK” OPERATORS IN OYO

He further added that, the suspects have volunteered useful information to the operatives of the commission in their quest to unravel the extent of their illegal activities, adding that investigations however have revealed that none of the arrested illegal financial institutions allegedly registered with the Central Bank of Nigeria (CBN) before embarking on financial transactions with the members of the public.

‘ They allegedly give loans to innocent and unsuspecting members of the public who register with them after 10% deposit of the total loans sum and charge 15% to 20% interest on all the loans granted to them’, he stated.

Oyewole said, it was also gathered that these companies have branches in and outside Oyo State with thousands of customers spread across Oyo, Lagos, Ogun, Ondo, Kwara States respectively and many more.

‘At the point of arrest, several copies of hand flyers for advertisement of their activities and laptops were recovered from them. They would be charged to court as soon as investigation is concluded and a PRIMA facie case is established against them’, the EFCC image maker explained.