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“Arrest Sabinus Now” Aggrieved Nigerians Write EFCC Over Ponzi Scheme Scam As National Assembly Passes Bill To Jail Ponzi Scheme Promoters.

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Last updated on April 18th, 2023 at 01:41 pm

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Aggrieved Nigerians have sent a petition to the anti-graft agency, Economic and Financial Crimes Commission, to arrest popular skit maker Emmanuel Chukwuemeka Ejekwu fondly known as Oga Sabinus for promoting a Ponzi scheme company which is claimed to have defrauded people.

The funny man in some skits had advertised and promoted AI Mining as he is also one of its ambassadors. While it has been gathered that the app has crashed leaving investors due for payment stranded.

Some subscribers who invested in the scheme are vexed at Sabinus for promoting the initiative. The comedian it was gathered has been silent since the app crashed.

The The petition read in parts, “Prior to mischievous scam activities carried against many innocent Nigerians by a company named AI MINING on 30th of March, 2023, whose ambassador in Nigeria is one Mr Chukwuemeka Emmanuel Ejekwu, a comedian celebrity popularly called Mr Funny / Sabinus.

“We want this body to invite Mr Funny Sabinus Chukwuemeka to reveal the identity of the people behind AI MINING since he can’t be contracted by ghosts. We are also using this letter to tell you to help reveal the real identity of the entities behind the license/ certificate issued to AI Mining operating at Church Gate Towers Abuja 2nd floor.

“Sequence to this also, we want the anti-graft agency to extend an invitation to the General Manager of NTA, FAAJI FM, WAZOBIA to also reveal the identity of people that contracted them to run a series of jingles for them under the company named AI MINING, that made millions of innocent Nigerians to invest on their platform leveraging on the integrity of those stations.”

Also Read: Beware! Baby Doge Warns Users About Phishing Scams.

Meanwhile, The Nigerian National Assembly has passed the Investment and Securities Bill, which aims to strengthen the functioning of the capital market and protect investors.

The bill includes provisions for more stringent punishment for operators of Ponzi schemes and illegal investment schemes that have led to the loss of billions of naira and have affected confidence in the investment climate in Nigeria.

The Senate President, Ahmad Lawan, stated that the bill is expected to protect investors, adequately regulate the market, reduce systemic risks, and provide for more stringent punishment for promoters of Ponzi schemes

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