The Chairman of Economic and Financial Crimes Commission (EFCC), Mr Abdulrasheed Bawa, has revealed that the issue of investment and employment scam was a huge problem the commission was currently working on.
The anti-corruption czar said that EFCC had received complaints from Nigerians who had lost over N200 billion to the scam.
Bawa made the revelation while participating on programme on a Lagos-based television station on Wednesday, calling on Nigerians to report cases of fraud to the commission.
“This issue of investment scam is something that have have observed and we are working on that. In fact, as of the last briefing when we aggregated all the complaints involving investment scam, as well as employment scam, Nigerians have complained to us to have lost over N200 billion in complaints. It’s a huge problem.
“Ponzi schemes are going on left right centre and Nigerians have to be weary about anybody that is promising you some money doubling interest. How can you invest N500,000 and somebody is promising you N50,000 every month and at the end of that you collect your N500,000 back. What is he doing? What is he into? Is he investing in stock exchange? Why is it that he is the only person among 250 million Nigerians that has that idea to come with this investment idea to bring that kind of return? What they are simply doing is what it is.”
While informing that in some instances the commission has been able to make some recoveries, Bawa urged Nigerians with complaints about investment and employment scams to come forward to lodge their complaibts with EFCC, saying that “we have been working and we are still working tirelessly on all of that in all the commands.
“It was the subject of discussion at our last meeting with all the commanders across all the zonal offices. Anybody that has a complaint, please let him come forward with it.”
