Fri, Oct

EFCC Solicits Support From CBN To Curb Fraudulent Investment Schemes in Niger-Delta


The Assistant Commander of the Port Harcourt Zonal Command of the Economic and Financial Crimes Commission (EFCC), Aliyu Naibi, has called on the Central Bank of Nigeria (CBN) to offer the anti-graft agency more information and other forms of support in tackling fraudulent investment managers operating in the Niger Delta area of Nigeria. Naibi, who made this call on Wednesday, when the Rivers State Branch Controller of CBN, O. B Oruwari paid him a courtesy visit in Port Harcourt decried the alarming rate of fraudulent investment managers in Rivers State and the attendant loss of funds by various investors.

In a statement by EFCC Head of Media and Publicity Wilson Uwujaren, Naibi sued for more support from the CBN to stem the tide of such cases, saying that the agency cannot investigate any investment fraud case without the CBN.

He explained that although the CBN was always referring investigators of fraudulent investment schemes to the Security and Exchange Commission, SEC, but insisted that the apex bank could still be supportive in debunking claims of such dubious managers.

On his part, the branch controller of CBN, Oruwari said the Apex bank was aware of issues related to the fraudulent investment managers and working to create more public and market awareness about their sharp practices.

He also commended the EFCC for building effective public consciousness about economic and financial crimes and their accompanying consequences.