Cooperative CEO admits to scamming members of N2bn, bags prison sentence

  • Uno Michael Eke, CEO of Micheno Multi-Purpose Cooperative Society, was sentenced to one year in prison for a N2 billion fraud scheme in Calabar
  • The court ordered the forfeiture of multiple properties and funds acquired through fraudulent means, with restitution directed to affected victims
  • Eke deceived investors by promising an 80% return within 40 days, leading to his conviction for conspiracy, fraud, and money laundering

All properties believed to have been procured using the proceeds of the scam have been forfeited by court. Image: EFCCSource: TwitterCooperative CEO pled guilty to offensesEFCC set to go after Yahoo boys in Nigeria

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