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Swiss Golden Ponzi Operator in Police custody over N1bn Scam

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An operator of a Swiss Golden ponzi scheme, Golden Achievers is in police trouble for an alleged N1bn scam as she was arrested on the run.

The Zone Six Police Command headquarters in Calabar, Cross River State, reported that its officers arrested a fleeing operator of Swizz Gold Ponzi Scheme, Lizzy Efah, over alleged case of fraud.

The police said Lizzy Efah allegedly collected N1bn from unsuspecting ‘investors’ promising to pay back the capital with interest of between 50 and 80 per cent in 40 days.

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It was gathered that the ponzi operator was arrested in one of the border communities in Ikang, Bakassi Local Government Area of Cross River State by operatives of the command’s Special Anti-Robbery Squad as she made attempts to escape to neighbouring Cameroon.

According to the police, Efah had been under intense pressure from her ‘investors’ to refund their funds with interest as promised when it became clear that she could not meet up with the agreed payment.

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Her arrest caused a mild drama at the Police Command Headquarters as ‘investors’ who had put in millions of naira in the scheme thronged the command’s headquarters to confirm the arrest of the ponzi operator.

The Police Command Public Relations Officer, Nelson Ukpabi, confirmed the arrest of Efah and disclosed that she was being investigated and would be charged to court as soon as investigations were completed.

“I saw a mammoth crowd at the command and I inquired what was going on. I was told a lady involved in Swiss Gold Ponzi Scheme had just been arrested and the people who she did business with were trying to see her. She will be charged to court as soon as possible, but investigations are ongoing.” He said.

An aggrieved investor, Mercy Salako, however demanded that the matter be transferred to the Economic and Financial Crimes Commission (EFCC) for proper investigation and prosecution.

“We are demanding that the matter be transferred to the EFCC to avoid bias. She was arrested before and was released. We are of the view that there was compromise, that was why she was released. We do not have confidence in the police handling this matter. I invested N8m in the scheme,” she said.

Yinusa McBrian Momoh is an enthusiastic individual who believes in the greatest good for the greatest number as well as a creative Wordsmith with interests in Management Training, Research, Content Development and Digital Marketing

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