EFCC Arrests Galaxy Transport Owner Over Alleged N7bn Ponzi Scheme

The Economic and Financial Crimes Commission (EFCC) has arrested the Chief Executive Officer of Galaxy Transportation and Construction Services Limited, Babagana Dalori.

Mr Dalori was arrested for allegedly defrauding no fewer than 27,400 Nigerians to the tune of about N7 billion through fake promises of mouth-watering returns on their investment in his companies.

The commission’s Acting Publicity Secretary, Tony Orilade, made this known in a statement in Abuja on Tuesday.

According to the statement, Mr Dalori, who is currently undergoing interrogation at the commission, had incorporated the firm in 2012 with one tricycle (Keke NAPEP). Through pool investments by members of the public, the firm later boasted of 50 tricycles.

“The entrepreneur later diversified into other business ventures while promising mouth-watering returns to investors.

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