The Police in Lagos have declared two people wanted for conspiracy, fraud, obtaining money by false pretence and operating illegal financial institution/wonder banks in Kachia town, Kaduna state.
Pastor Godswill P. Yazonom and Engineer Philemon I. Gora were said to have conspired with others to run illegal fund managers who have been soliciting and receiving cash deposits from unsuspecting members of the public with promises of extra-ordinary high interests rates ranging from 100 – 150 per cent per month.
According to a statement on the Securities and Exchange (SEC) website, they operate in virtually all the local government areas of Kaduna state, but are more entrenched in Kachia, Kafanchan and Zaria.
The statement from the Police bulletin said so far, the suspects have defrauded members of the public of about N5 billion through their nefarious activities.
SOURCE: DAILY POST