2 pastors jailed ten years over N1 billion deposit scam

A Nigerian High Court has sentenced two ‘men of God’, Pastor Glory Abrefera and Reverend Vincent Okpogo to 10 years imprisonment each over a N1 billion deposit scam. Justice Ibrahim Buba of the Federal High Court in Asaba, capital of Delta state, found the duo and their company, Mustard Seed Micro Investment Limited guilty on a four count charge of carrying out banking practice without licence. The accused persons were said to have collected over N1 billion from different individuals and organizations as deposits in an illegal banking practice. They have also failed to account for all the deposits they collected. Mustard Seed Micro Investment Limited was convicted on two counts and fined N2 million on each of the counts. Pastor Abrefera...

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Mercedes Benz SUV, Range Rover Sport seized as EFCC arrest 8 over internet scam

25 year old Hope Olusegun, and seven of his mates were arrested in December 2012 at the 1004 Housing Estate by the Economic and Financial Crimes Commission over allegations of fraud and internet scam. The 'Yahoo Boys' who have been operating for quite a while lived a lavish lifestyle, bought the most expensive cars and showed off at every opportunity they got. One of the undergraduates, Hope Olusegun (pictured above) an indigene of Okene, Kogi State, had a Mercedes Benz SUV, and a 4Matic Mercedes Benz car and before he was arrested, he bought a Toyota Camry for his one year old son. Yes, that's what they did with other people's money. Fortunately some residents at the estate alerted the EFCC about their activitie...

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Posted in: Scam