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N2bn Ponzi Scheme Alleged Fraud: Lawyer Petitions EFCC, AGF, Others

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A legal practitioner, Mr Ifeanyi Mamah, has petitioned the Economic and Financial Crimes Commission (EFCC) and the Attorney General of the Federation (AGF) over alleged fraud by an online ponzi scheme known as MyBONUS.

Mamah, who also petitioned the Nigerian Financial Intelligence Unit (NFIU) said on Thursday in Abuja that MyBONUS allegedly swindled its victims up to the tune of over two billion naira.

He said that MyBONUS floated by some group of persons allegedly committed the fraud in connivance with a microfinance bank, `Kuda Microfinance Bank Ltd’ with headquarters in Lagos.

“We are begging the EFCC, NFIU and AGF for urgent intervention in recovering the money for the victims and forestalling future occurrences,’’ Mamah said.

He alleged that leaders of the syndicate operated myBONUS2U technology, popularly known as myBONUS, “whose website is mybonus2u.com’’.

He said that the platform was a fraudulent cashback one which, by their representations, ensured members received cashback while shopping online from over 700 commerce stores globally.

According to him, this notwithstanding, investors convinced to put in their monies given assurance of certain percentage interest and withdrawal of capital on demand.

“The unsuspecting victims were promised to receive capital back on demand, in addition to other privileges,” he said.

He said that it was discovered that the syndicate whose names and accounts were used for the scheme with the Kuda Microfinance Bank Ltd (RC796975) turned out to be a fraud.

He said that since January 2021 the investment platform, website and software application, discovered to have been intentionally floated to allegedly defraud unsuspecting victims by the group, had been disabled.

“The operators of the scheme completely disconnected from the victims and totally lost communications.

“Consequently, victims’ capitals, amongst others running into billions of Naira, paid into the individuals accounts with Kuda Microfinance Bank Ltd and provided by myBONUS, cannot be accessed any longer.

“The website’s server DNS can no longer be found and MyBONUS application downloaded from Google play store is no more functional since January 2021,’’ Mamah said.

He, therefore, called on the relevant authorities to use the relevant laws in bringing the alleged fraudsters to book and weed the country’s cyberspace of crimes.

In its response to NAN inquiry to Kuda Microfinance Bank Ltd via its official email address help@kudabank.com, one of its Customer Service Officers, Ms Jennifer Obiakor, appreciated NAN for its mail on the matter.

Obiakor, via her email address Jennifer.obiakor@kuda, however, said that the allegations were false.

She said, “being a bank, Kuda can never help fraudsters. We do not and will never support anyone who tries to swindle Nigerians.

“We have locked all accounts involved in this and we are working closely with regulators to prevent the activities of potential scammers,’’ Obiakor  said. (NAN)

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Customs Intercept Contraband Worth N510.92m in Two Conths

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The Nigeria Customs Service (NCS), Federal Operations Unit Zone C, says it intercepted contrabands with a Duty Paid Value (DPV) of N510.92 million between July 15th and September 15th, 2024.The zone covers the six states in the South-South geopolitical zone and the five states in the Southeast geopolitical zone.

This is contained in a statement signed by Jerry Attah, Public Relations Officer, NCS, Zone C, and made available to journalists on Wednesday.
According to the statement, Comptroller Michael Ugbagu, NCS, Zone C, gave the statistics while showcasing the seized contraband to relevant regulatory agencies at the Government Warehouse in Edo.Ugbagu said that the zone also recovered the sum of N25.
57 million from demand notices raised based on some infractions noticed, making a cumulative sum of N536.49 million recorded within the months under review.“The DPV was derived from our seized goods, which include 49,699 sachets of various brands of tramadol and 3,350 bottles of various cough syrups with codeine without an NAFDAC number.“1,015 sacks of dry donkey meat and skin, 75 jumbo bales of second-hand clothing, 463 cartons of foreign spaghetti, 269 pieces of used pneumatic tires, and 56 cartons of smuggled foreign tomato paste.“More worrisome is the interception of 49,699 sachets of various brands of tramadol and 3,350 bottles of various cough syrups with codeine without NAFDAC registration numbers.”He noted that the cough syrup with codeine and tramadol without NAFDAC registration numbers, if not intercepted, could have had adverse effects on youths.He added that the items were mostly intercepted along the Ewu-Okada/Benin expressways based on credible intelligence. (NAN)

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APC Forum Decries Deplorable Condition of Federal Roads

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The Forum of Stakeholders of the All Progressive Congress (APC) has decried the deplorable condition of some federal roads in Nigeria. Alhaji Saleh Zazzaga, the North-Central Chairman of the forum, said this in an interaction with newsmen on Wednesday in Jos. Zazzaga described some of the federal roads as ”death traps”, particularly those within the north-central region.

He said that some of the deplorable roads in the region include Jos-Akwanga, Makurdi-Oturkpo-Otukpa, Makurdi-Ankpa, and Jos-Saminaka.
Other roads that needed urgent attention, he said, included Suleja-Minna, Ejule-Otukpa, Ganawuri-Manchok, Lokoja-Abuja, Lapai-Agaie-Bida, Birnin-Gwari-Bokani-Mokwa, Minna-Zungeru-Tegina-Kontagora.
”Currently, the north-central region has the most deplorable roads and highways in the country. ”These deplorable roads have brought severe hardship on the people and lost lives and property through preventable road traffic crashes. ”We call on President Bola Tinubu to intervene and ensure the rehabilitation of these roads because good roads are vital enablers of development,” he said. The chairman also called on governors of states within the region to reconstruct the dilapidated roads and seek refunds from the federal government. ”Though these are largely federal roads, they are located within states, and the beneficiaries are the people of these states. ”So we call on state governments to reconstruct these roads and seek refunds from the federal government,” he added. (NAN

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Yuan Strengthens 7. 087 Against Dollar

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The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 160 pips to 7.087 against the dollar on Wednesday.This is according to the China Foreign Exchange Trade System.In China’s spot foreigners exchange market, the yuan is allowed to rise or fall by two per cent from the central parity rate each trading day.

The central parity rate of the yuan against the dollar is based on a weighted average of prices offered by market makers before the opening of the interbank market each business day.
(Xinhua/NAN)

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