Benz, Lexus seized during an early-morning EFCC raid at a hotel in Uromi, Edo State | Nigeria News
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Benz, Lexus seized during an early-morning EFCC raid at a hotel in Uromi, Edo State

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Benz, Lexus seized during an early-morning EFCC raid at a hotel in #Uromi, Edo State. Watch the video below.

This one of the trending video in Nigeria today, as can be seen below

 

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Man crashes into a fence while being chased by SARS, forced to rebuild it

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man who narrowly escaped death after ramming into a fence while being chased by some SARS operatives, has been made to rebuild the fence.

The incident happened, yesterday, along the Awoyaya- Gbetu new Rd axis of the Lekki-Epe Expressway in Lagos.

It was gathered that upon crashing into the fence, the injured driver was abandoned by his chasers, who reversed immediately and fled.

However, the victim’s car was seized by the house owner and he was forced to rebuild the fence before the car was released to him.
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Nigerians citizens are like children who got no father and mother to fight for them.

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Police And DSS Reveal Plans To Stop Loom Money Nigeria

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Police And DSS Reveal Plans To Stop Loom Money In Nigeria

The representative for the acting Director-General of the Securities and Exchange Commission, SEC Isyaku Tilde illustrate that Loom Money Nigeria is an illegitimate way to make money and describe that the profit is extremely too high and not justifiable with the money required to invest, however, the police and DSS reveal plans to stop the newly promoted Ponzi scheme, NIGERIA NEWS reports.

The NIGERIA NEWS earlier reported how the commission warned Nigerians about Ponzi the scheme and advice not to put their money. The scheme lures young Nigerians to invest their stipend in order to get back 8 folds of their money. This is, even more, worse than the MMM as an individual that joins form different Whatsapp group, which implied that there more WhatsApp group spreading the scheme.

The acting DG, Mary Uduk said the scheme does not have a system that is credible and thereby discuss her opinion as per the Ponzi scheme by quoting as follows:

“We are aware of the activities of an online investment scheme tagged Loom Money Nigeria. The platform has embarked on an aggressive online media campaign on Facebook and WhatsApp to lure the investing public to participate by joining various Loom Whatsapp groups to invest as low N1000 and N13,000 and get as much as eight times the value of the investment in 48 hours.

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“Unlike MMM that had a website and the promoter known, the people promoting Loom are not yet known and this pyramid scheme operates through closed groups mainly on Facebook and Whatsapp. If it were a local Ponzi scheme with known offices, it would be very easy for the Commission to seal their offices and freeze their accounts.

“We, therefore, wish to notify the investing public that the operation of this investment scheme has no tangible business model, hence it’s a Ponzi scheme, where returns are paid from other people’s invested sum. Also, its operation is not registered by the Commission.”

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