A woman identified as Nkechi Mercy Ikogwe alongside two companies, Elites Finance Investment Limited and Efinc Global Investment Limited, were arraigned on Monday, July 30 before Justice E.A. Obile of the Federal High Court in Port Harcourt, Rivers State, over alleged N179 million fraud.
EFCC arraigned them on a three-count charge bordering on conspiracy and obtaining money by false pretense.
Mercy and the companies ran into trouble after EFCC received a report accusing them of inducing their victims into participating in a fraudulent investment scheme with a fake promise of 15 percent return on investment.
The woman allegedly used the sum of N139,704,097 of the N179 million on sport betting and a N1 million on tithe to a church in Port Harcourt.
Justice Obile ordered that the Ikogwe, be remanded in prosecution’s custody and adjourned the matter till October 19, 2020 for determination of the bail application.
You May Also Like: