BETTING NIGERIA Lady defrauds victims of N179m, spends N139m on sport betting 3 weeks ago Samuel Post Views: 141 A woman, Nkechi Mercy Ikogwe alongside two companies, Elites Finance Investment Limited and Efinc Global Investment Limited, were on Monday arraigned before Justice E.A. Obile of the Federal High Court sitting 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 contrary to Section 1(1) (a) of the Advance Fee Fraud and Other Fraud Related Offences Act No. 14, 2006 and punishable under Section 1 (3) of the same Act. The woman was said to have used the sum of N139,704,097 of the N179 million to play sport betting and also paid a tithe of N1 million to a church in Port Harcourt. One of the counts against the defendants read: “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: “Elites Finance Investment Limited and Efinc Global Investment Limited, assuring them under a false pretence of making 15% interest on all investment made, a representation you knew to be false, and thereby committed an offence contrary to Section 1(1) (a) of the Advance Fee Fraud and Other Fraud Related Offences Act No. 14, 2006 and punishable under Section 1 (3) of the same Act.” Justice Obile ordered that the 1st defendant, Ikogwe, be remanded in prosecution’s custody and adjourned the matter till October 19, 2020, for determination of the bail application. Mercy ran into trouble when the commission received a report about the defendant and two others, accusing them of inducing their victims into participating in a fraudulent investment scheme with a fake promise of 15 percent return on investment. Source: thenationonlineng.net SamuelI am a journalist specializing in gambling in Africa and around the world. I am particularly interested in stories about games and casinos. Facebook Twitter LinkedIn Email Print Tags: fraud, Nigeria, sports betting Continue Reading Previous Sports betting now a norm for women DR CongoNext Liberia: Starbet demands release of containers held by the National Lottery Authority More Stories BETTING WORLD NEWS Europol pays attention to match fixing 12 hours ago Samuel CASINO NIGERIA Lagos-Nigeria Rolled out Plans to Boost and Support Tourism sector Post-Covid-19 12 hours ago Adeleye Awakan NIGERIA ONLINE Nigeria attracts more Bitcoin interest than any country globally 2 days ago Szarlot BETTING Online revolution: How African sportsbooks are realising the benefits of digital marketing to attract new customers 4 days ago Iwo Bulski BETTING WORLD NEWS William Hill to close 119 of its UK betting shops as revenue drops 5 days ago Iwo Bulski BETTING LIBERIA Is Gambling Regulated in Liberia? 6 days ago Peris Wambu Leave a Reply Cancel replyYour email address will not be published. Required fields are marked *Comment Name * Email * Website Save my name, email, and website in this browser for the next time I comment. This site uses Akismet to reduce spam. Learn how your comment data is processed.