The Economic and Financial Crimes Commission has arrested a Bishop and suspected fraudster, Giniko Obi, in Benin City, for allegedly defrauding thousands of people of various sums of money running into millions of naira.

The suspect allegedly collected the money from his victims in the guise of helping them to ‘fight poverty.’

Obi, founder of Beloved Gideon Foundation, based in Agbor, Delta State, with outreaches in Bayelsa, Onitsha, Lagos, Port Harcourt, Abuja, and Benin City, however, denied any involvement in fraud claiming that he was only “doing the will of God by trying to help the people fight poverty.”

According to a statement by the acting EFCC spokesman, Tony Orilade, in Abuja on Monday, Obi said it was his desire and God’s will to see people prosper that led him into operating what appears to be a Ponzi scheme.

https://seriousmata.com/2019/01/15/how-bishop-allegedly-defrauded-members-operates-a-ponzi-scheme/