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We arrested Dalori, CEO Galaxy Transport for alleged N7bn Ponzi scheme – EFCC
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The Economic and Financial Crimes Commission (EFCC) has arrested the Chief Executive Officer of Galaxy Transportation and Construction Services Limited, Babagana Dalori, who allegedly defrauded 27,400 Nigerians to the tune of about N7billion through fake promises of mouth-watering returns on their investment in his companies.

Dalori, who is currently undergoing interrogation in the Commission, had incorporated the firm in 2012 with one tricycle (Keke NAPEP), which through pool investments by members of the public later boasted of 50 tricycles. .

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

The Commission’s investigators discovered that Dalori initially paid 200 per cent interest on investors’ deposits in the firm and later reduced the interest to 135 per cent before the scheme crashed in 2018.

Source
https://hyperstv.com/we-arrested-dalori-...heme-efcc/
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