EFCC Commence Tracking Of Fraudulent Online Money-doubling Schemes

…Cautions Nigerians Against Fake Donations, Cures For Coronavirus

Matthew Ogune, Abuja

The Acting Chairman of the Economic and Financial Crimes Commission (EFCC), Ibrahim Magu, yesterday disclosed that the commission has commenced tracking of online investment involving various money-doubling schemes.

Magu who disclosed this in a statement by the Spokesperson of the EFCC, Tony Orilade advised members of the public to be cautious of online investment involving various money-doubling schemes. 

He said: “Members of the public should be cautious of online investment involving various money-doubling schemes.  We are tracking all those fraudulent operators and we wish to assure Nigerians that we will bring them and their sponsors to book.”

According to him, such calls are meant to scam and steal the banking details of their victims. 

“Don’t press any number required by any illegal Robo Call. The recording machine might require you to press a number for you to speak with an operator.  This is fraudulent.  Don’t press such a number,” he said.

Magu assured Nigerians that the EFCC is abreast of every economic and financial crime fraudsters are developing in the wake of Covid-19 pandemic, saying that the Commission will burst any scheme designed to defraud Nigerians of their hard- earned money.

Magu cautioned members of the public against unsupported claims of fraudulent operators advertising cures and treatments of the dreaded Covid-19 pandemic.

He also urged the general public to be wary of fake charities springing up purporting to offer guidelines on donations to government and ordinary Nigerians in a bid to cope with the discomfort arising out of COVID- 19.

Magu particularly cautioned against use of unwanted mobile applications from untrusted sources and fake multilevel marketing schemes with mouth- watering returns online.  

The EFCC boss continued: “The Federal Government has rolled out account details of accredited banks through which donations can be made.  Please note that any other guideline for donations is fraudulent and should be ignored.”