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Uproar in Cross River as residents lose life savings to Ponzi scheme

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Policemen from the zone six headquarters, Cross River State have arrested a Swiss Gold Ponzi scheme operator, Mrs. Lizzy Efa.

The operator, DAILY POST gathered, was arrested on Tuesday at the border between Nigeria and Cameroon in Bakassi axis while trying to leave Nigeria.

Upon her arrest by a Special Anti-Robbery Squad, “investors” besieged the Zonal Police Headquarters to demand for their money.

One of the investors and Petroleum dealer, Mr. Justus Austin said that he had lost N11.6m to the scheme.

The investor demanded that the matter be transferred to the EFCC to avoid bias.

“If the police should handle it again, our efforts would be futile. We call on the EFCC to take over the matter from the police,” he said, adding that the lady was set free by the police after she was first arrested two months ago.

“People have invested so much money in the name of Swiss Gold; she is a breakaway from another group. She was initially arrested but the police released her with a promise that she was going to pay after three months.

“They tracked one of the major owners in the Government House on Tuesday with huge funds. She was one of those acting as intermediary to collect money from investors and deposit to the scheme.

“Huge money was found in her possession and that was how they were able to track Efa. We had lodged our petition in the EFCC.

“My wife and I, for instance mopped about N11.5m from our small businesses and deposited into the scheme. She raked in over N1bn within three months,” he said.

When contacted, the Zonal Police Public Relations Officer (ZPRO), Nelson Ukpabi confirmed the arrest and detention of the suspect, saying it was based on petitions by those she allegedly duped.

The ZPRO said, “She will be charged to court as soon as possible but investigations are ongoing”.

 
 
 

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