EFCC Secures Conviction Of 12 For Operating Unlicensed Pyramid Business

EFCC Secures Conviction Of 12 For Operating Unlicensed Pyramid Business

Ola Olukoyede, the head of the Economic and Financial Crimes Commission (EFCC), announced that the commission had found guilty of 12 counts of operating illegal pyramidal businesses in the nation.

The EFCC’s CEO explained that 48 others are currently facing legal proceedings before the court as a result of his remarks at a workshop held by the Securities and Exchange Commission for judges with the theme “Repositioning the Nigerian Capital Market for National Economic Transformation Through Alternative Dispute Resolution.”

Olukoyede argued that the anti-graft organization would not condone any behavior that would erode investor trust or prevent fairness in the country’s capital market.

Read more: Bwala, Atiku, and Atiku may not have been chosen to lead Nigeria.

Source: Channels TV

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