Police in Niger have arrested four fraudsters at Tunga in the Chanchaga local government area for defrauding 20 people of N20 million.

The police commissioner in the state, Monday Kuryas, disclosed this on Thursday that the arrest was made on November 1.

He said operatives attached to the X- Squad of the police command stormed the Tunga Market area on the day in question and arrested the suspects.

Mr Kuryas said the suspects specialised in defrauding the unsuspecting public by assuring them of 30 per cent return on investment of any amount of money within four days.

“The group claimed to be working for one Ikechukwu Williams who is presently at large. They have defrauded some people of more than N20 million. There are about 60 victims who claimed to have invested amounts ranging from N100,000 to N500,000,” said the police chief. “We have so far recovered about N3.8 million, while efforts are ongoing to arrest the said Williams.”

He stated that the suspects would be prosecuted as soon as investigations were concluded.

The commissioner also called on the public to stop being gullible and to shun any form of illegal investment veiled in unreasonable returns. 

(NAN)