Operatives of the Economic and Financial Crimes Commission (EFCC) have arrested management of Sobic Financial & Investment Consultant, Unlimited Grace Investment Limited and 25 other companies known as wonder banks in Ibadan, Oyo state capital.
The head of media, Ibadan zonal office of the agency, Femi Oyewole, disclosed on Thursday, that the suspects were arrested at different locations within Ibadan.
The suspects include, Olayeni Oladokun Samuel, Managing Director of Unlimited Grace Investment Limited and 10 members of his staff, Chris Igbinake of Grooming Centre and four of his staff and Akanbi Oluwakemi of Grace & Mercy Households Improvement Initiative and four of her staff.
The EFCC spokesman said, others include staffers of Sobic Financial & Investment Consultant, with their identities given as Awokunle Olukemi, Sikiru Obadara, Olasunkanmi Michael, Adeoti Adegboyega, Oyewusi Esther and Ojekunle Victor Olukayode.
He said the suspects have volunteered useful information to the operatives of the commission in their quest to unravel the extent of their illegal activities.
He added that investigations however have revealed that none of the institutions registered with the Central Bank of Nigeria (CBN) before embarking on financial transactions with the members of the public.
“They allegedly give loans to innocent and unsuspecting members of the public who register with them after 10 per cent deposit of the total loans sum and charge 15 to 20 per cent interest on all the loans granted to them,” he stated.
It was also gathered that these companies have branches in and outside Oyo State with thousands of customers spread across Oyo, Lagos, Ogun, Ondo, Kwara States.
