Swiss Gold Ponzi Operator Arrested While Fleeing Nigeria

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Lizzy Efah, the operator of a Swiss Gold Ponzi scheme, has been arrested while trying to flee from the country, after raking in about a billion naira.

Efah was taken to Calabar after her arrest at the border between Nigeria and Cameroon in Bakassi.

The investors were demanding that the matter be transferred to EFCC, to avoid bias, because they believe that she has been arrested before and nothing was done.

One of the investors, a petroleum dealer, Mr. Justus Austin, disclosed that he has lost N11.6m to the scheme.

He called on EFCC to take over the matter from the police, adding that the lady was set free by the police after she was first arrested two months ago.

Another investor, Mr. Clement Icha, said they were tired of the way the matter was earlier handled by the police and would want the EFCC to handle the matter this time for speedy recovery of their capital, which many of them sold property to raise.

“Many of us borrowed to invest while some sold their property to put in money in scheme; we are not even asking for the profit anymore, she should just return the capital. .
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I am paying the bank N2 million every month to service the loan I got to invest in the scheme,” he lamented.