Police rescue 20 victims held hostage by ponzi scheme syndicate, arrest suspects

EditorMay 3, 202502 mins

The Ondo State Police Command says it has rescued 20 persons allegedly held hostage by a Ponzi scheme syndicate in the Oba-Ile area of Akure North Local Government Area. Parading the suspect before journalists on Friday in Akure, the state commissioner of police, Wilfred Afolabi, disclosed that the victims were lured into a fraudulent investment…

Police bust $4m oil fraud syndicate, arrest key suspects

EditorFebruary 7, 2025February 7, 202503 mins

Operatives of the Nigeria Police Force have apprehended key members of an organised crime syndicate accused of defrauding international oil trading firms of over $4 million. The syndicate, allegedly led by Marine Gold Oil Refineries Limited, Eagle Capital Management, and Richrice International Corporation, operated across Nigeria, China, and the United States. Addressing journalists in Abuja…