Woman remanded in prison over N45m alleged Ponzi scheme fraud

The Economic and Financial Crimes Commission (EFCC) has arraigned one Maryam Shinga before a federal High Court in Kano over a Ponzi Scheme Fraud.

The defendant was arraigned before the court on a six-count charge of obtaining by false pretense.

She was alleged to have squandered the sum of N45, 460, 00:00 (Forty Five Million, Four Hundred and Sixty Thousand Naira Only) belonging to unsuspecting members of the public through a ponzi scheme, called Golden Premier.

The suspect was alleged to have lured her victims into an investment she claimed would generate the investors 300% profit in the sense that when an investor invests N500, 000:00, he stands to win N1, 500, 000:00 (One Million Five Hundred Thousand Naira Only) in a period of 4 weeks only.

According to the complainant, the…

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