Fraud

N5Bn Scam: Promoter of Ponzi Scheme in EFCC Net

The Economic and Financial Crimes Commission (EFCC), Port Harcourt Zonal office, on has arraigned Mr. Suani Neewi, Managing Director of Bluekey Technologies Nigeria Limited and Cityclyk Bluekey Payment, his two companies .

The man and his firms were brought before Justice I. M Sani of the Federal High Court sitting in Port Harcourt, Rivers State on three-count charges bordering on conspiracy, carrying out banking business without license and obtaining money by false pretence to the tune of N5,084,491,253.92

Specifically, Neewi allegedly opened his two companies as a pseudo bank, took deposits from members of the public and promised them 10% returns on their investments every week. The business went awry and the EFCC got wind of it and moved to salvage the situation.

Bluekey Technologies Nigeria Limited, Cityclyk Bluekey Payment Solutions and Neewi Suani sometime in 2019 by inducing unsuspecting members of the public to invest with his companies, BlueKey Technologies Nigeria Limited, Cityclyk Bluekey Payment Solutions, Bluekey Woji Multipurpurpose Cooperative Society assuring them under a false pretence of making a 10 percent profit on all investments made, a representation he knew to be false.

The commission posits that the suspect committed an offence contrary to Section 1 (1) (a) of the Advance Fee Fraud and Other Related Offences Act No. 14, 2006 and punishable under Section 1 (3) of same Act

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