The Economic and Financial Crimes Commission (EFCC) has received an average of 1,000 letters filed against Ponzi scheme operators every month in the last three years.

This was disclosed by a source in the anti-graft agency to Nairametrics over the weekend.

According to the source, who preferred anonymity, these complaints come from the regional offices of the agency and most times, more letters are received from rural areas across the Southern and Northern parts of the country.

What you should know about victims’ complaints

“We get more than 1,000 letters per month because there are thousands of victims who are ignorant of the fact that they are supposed to report such cases to the EFCC. 

“We get more petitions/complaints against some alleged Ponzi schemes operators from across the country but more come from suburbs in Lagos, Ogun, Oyo, Osun, Sokoto, Adamawa, Kano, and Rivers among others.

“We have found that several couples are involved in the menace. While some of them are already in the net of the agency, others are on the run but we are closing in on them and they will be arrested sooner than they expected,” our source in the EFCC told Nairametrics.

Why are more Nigerians falling victim?

If over 1,000 Nigerians write to the EFCC monthly to complain about being scammed by Ponzi Scheme operators, there is an indication that not only could there be more victims than those willing to speak up, but also, that more people could still fall…

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