Read Shocking Confession; EFCC Arrest Company Managing Director (MD) Over N4Biillion Fraud [Photo]

The Economic Financial Crime Commission (EFCC) yesterday October 6, arrested the Managing Director of "Lets Partner With You Ltd", Chief. Patrick Shanchi Nwokike at his residence in Enugu, Enugu state.

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The company in the last five years obtain deposits of more than N4,000,000,000 ( Four Billion Naira Only) from the general public with promise of mouth watering interest in return.

Reports reaching us says; the company doesn't has right to collect or manage funds from the punlic because it was not registered with the authorities that authorized such.

Further reports shows that, a ten 10% percent interest was sometime paid to the depositors to have at least the capital of their investments returned nor terminate their investments proved abortive.

When arrested, Nwokike said the current economic recession affected their company and that why they've not been able to meet up.