Tag: Wonder Banks
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Beware of “wonder banks”, NDIC warns Nigerians
The Nigeria Deposit Insurance Corporation (NDIC) has urged Nigerians to be wary of “wonder banks” that give extraordinary interest rates and profits on investments. Its Managing Director, Alhaji Umaru Ibrahim, gave the advice in an address at the NDIC Special Day at the ongoing 29th Enugu International Trade Fair in Enugu on Thursday. Umaru, who…
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EFCC invades suspected wonder banks operators in Ibadan
In a bid to rid the nation of the infamous activities of Wonder Banks popularly known as the Ponzi scheme, the EFCC in Ibadan Zonal Office has arrested 27 suspected operators of illegal financial institutions in Ibadan. This was contained in a statement issued by Mr Ayo Oyewole, the Head of Public Affairs, Ibadan Zonal…