The Economic and Financial Crimes Commission (EFCC) has clarified the raid on Urban 94.5FM, a popular radio station in Enugu State.
According to Oyewale, the EFCC's Enugu Zonal Command only went to the station to arrest a journalist involved in a Ponzi fraud scheme after refusing to honour an invitation by the commission.
It is unfortunate that she is a journalist but whether a journalist or whoever a suspect is a suspect.
A Ponzi scheme is an investment fraud that pays existing investors with funds collected from new investors.
Ponzi scheme organisers often promise to invest your money and generate high returns with little or no risk.
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