Ponzi Scheme: SwissGolden director, Michael Eke to remain in prison over N320m fraud charge

EFCC has arraigned the registered trustee of Micheno Multi-purpose Cooperative Society, Mr. Uno Michael Eke before Justice Simon Amobeda of the Federal High Court, sitting in Calabar, Cross River State, on a separate 74-count charge, for allegedly obtaining over N320 million (Three Hundred and Twenty Million) by false pretence from innocent Nigerians.

Eke, allegedly defrauded his victims through an alleged ponzi scheme by inducing his victims to invest in his Swissgolden packages, through his company, Micheno Multi-purpose Cooperative Society, under the false pretence of paying them 80 per cent return on investment within just 40 days.

With this enticing bait, Eke duped so many people through the scheme, and when his investors started calling for their capitals and expected interest, he made himself unreachable, both by telephone and in person.

One of the charges against him reads: "That you, Uno Michael Eke (being the president/chief executive officer of Micheno Multi-purpose Cooperative Society) and registered trustees of Micheno Multi-purpose Cooperative Society (MMCS) on or about the 12th day of July, 2018 in Calabar within the jurisdiction of this honourable court, with intent to defraud, did obtain the sum of Forty-seven Million Naira (N47,000,000.00) from one Briggs Nimi Osim by inducing her to invest same into your Swissgolden packages through your Micheno Multi-purpose Cooperative Society Ltd, under the false pretence of paying her 80% as return on investment,which pretence you knew to be false and thereby committed an offence contrary to Section 1 (1) (a) of the Advance Fee Fraud and Other Fraud Related Offences Act, 2006 and punishable under Section 1 (3) of the same Act".

He pleaded not guilty on all charges. In view of his not guilty plea, the prosecution counsel, T. N. Ndifon, prayed the court for a trial date and for the accused person to be remanded in prison custody. The defendant was remanded in prison custody, while the matter was adjourned to June 13, 2019, for the hearing of the bail application.

It could be recalled that Eke had previously been arraigned by the Commission on two separate charges of alleged fraud of N200 million and N301.2 million respectively. He is currently in prison custody, even as more victims of his ponzi scheme continue to throng the Uyo Zonal Office of the Commission with petitions that allege how Eke collected money from one person to pay the other only to renege when he could no longer sustain his tricks.

Comments

Vulvar Care Tips

Vulva Care Maintaining a healthy vulva and vagina will help prevent infections and discomfort. Unusual changes in vaginal discharge is a sign that there might be an issue. Why is vulvar and vagina care important? Many women experience uncomfortable, vaginal infections (vaginitis) at one time or another. The area around the entrance to the vagina (vulva) can also become irritated. Steps can be taken to relieve and prevent vulvar discomfort and vaginal infections. Not all vaginal infections are alike and home treatments can worsen some types. If you have any concerns about your vulvar or vaginal health, or notice unusual changes in vaginal discharge, contact your healthcare provider if the problem persists. What is the vulva? The vulva is the area of female sex organs that lies outside of the vagina. These organs include folds of sensitive tissue called the labia (labia means "lips"). The labia has two parts. The outermost folds are called the labia majora. A secon...

CJN Tanko unveils panel to hear Atiku’s appeal against Buhari

The Chief Justice of Nigeria, Ibrahim Tanko Mohammed is presiding over the 7-man panel that will hear the appeals filed by the People’s Democratic Party (PDP) and its presidential candidate, Atiku Abubakar, challenging the victory of President Muhammadu Buhari at the February 23 poll. Other members of the panel are Bode Rhodes-Vivour, Amiru Sanusi, Uwani Abaji, Ejembi Eko, John Inyang Okoro and Olukayode Ariwoola. Atiku and his party are challenging the September 11 judgment of the Justice Mohammed Garba-led Presidential Election Petitions Tribunal which affirmed President Buhari’s victory at the polls. The appeals hearing has generated some controversies especially due to the silence of the Supreme Court on the justices that would constitute the panel, with the Coalition of United Progressives Party (CUPP) demanding the use of seniority in selecting them. A senior member of Atiku’s legal team, Chief Chris Uche (SAN), told reporters that they considered it strange that as at ...

NNL: Sanni dumps Saraki Boys

Tunde Sanni, head coach of the Abubakar Bukola Saraki (ABS) FC of Ilorin has resigned, Coordinator of the team, Idris Musa, said on Monday. Musa told the News Agency of Nigeria (NAN) in Ilorin that Sanni had turned in his resignation letter later after a meeting with the team’s Director of Football, Alloy Chukwuemeka. After the meeting, Chukwuemeka and Sanni refused to comment on the matter. The club’s U-15 coach, Taofeeq Babatunde, has been drafted to assist the Assistant Coach, Suleiman Quadri, pending when a substantive manager will be appointed. His resignation may be due to recent results, which were not in favour of the Saraki Boys. The team lost to Kebbi United 3-2 on penalties after 1-1 draw during regulation time in the round of 64 encounter of the Aiteo Cup in Minna. The Saraki Boys also lost 3-0 to Mighty Jets of Jos and drew 0-0 with the Jos-based side in the return leg on Wednesday in Ilorin at Bet9ja Nigeria National League’s (NNL), Match Day 10 encounter. ...

BAMY BLOG

Search This Blog