lady identified as Nkechi Mercy gas been arrested by officers of the Economic and Financial Crimes Commission (EFCC) in Port Harcourt for committing fraud amounting to 179 million Naira.
On how she spent her proceeds of the fraud, Nkechi was discovered by EFCC to have Paid tithe of 1 million Naira to a church in Port Harcourt while she spent 13,704,097 of the 179 million Naira on sport gambling.
She and two other companies; two companies, Elites Finance Investment Limited and Efinc Global Investment Limited, were charged to a Federal High Court sitting in Port Harcourt on a three count charge bordering on three-count charge bordering on conspiracy and obtaining money by false pretence.
One of the Charges read in part: “That you Nkechi Mercy Ikogwe, Elites Finance Investment Limited and Efinc Global Investment Limited sometime in 2019 in Port Harcourt, Rivers State within the jurisdiction of this honorable court with intent to defraud, obtained the sum of N179,326,386.62 by inducing unsuspecting members of the public to invest with your companies”
In simple words, Nkechi established two companies known as “Elites Finance Investment Limited and Efinc Global Investment Limited” and in 2019 she convinced people to invest in her companies with the promise of 15% interest on all investments within a specified period of time.
Justice E.A. Obile of the Federal High Court sitting who presided over the case adjourned the hearing till October 19, 2020 while remanding Nkechi in prosecution’s custody
Trouble started for Nkechi and her Co-conspirators when victims of their crimes started making reports to EFCC concerning their fraudulent activities in Port Harcourt.