The Economic and Financial Crimes Commission (EFCC) has blocked 16 accounts traced to the Chief Executive Officer (CEO) of Galaxy Transportation and Construction Services Limited, Babagana Dalori, who has been accused of defrauding 27,400 Nigerians of about N7 billion.
According to a top source, the EFCC decided to investigate Dalori and his company, following the receipt of a petition by 63 Nigerians who complained of being defrauded by the suspects, the source said: The 63 petitioners alleged that they invested in a company named Galaxy Transportation & Construction Services Ltd for a period of one year with fixed percentage of return on investment. It was further alleged that at the end of the investment period, the company neither paid the interest nor the capital.
On receipt of the petition, the following actions were carried out: all the 16 accounts linked to the suspects were traced and blocked; and 22 documents of various properties were recovered. Investigation into this case is still at preliminary stage as the team is intensifying efforts to trace all assets that belong to the 1st suspect (Galaxy Transportation and Construction Services Limited) and the 2nd suspect (Dalori). So far, twenty two (22) properties have been traced to the suspects including Six (6) filing stations and five quarries across different states.
Also, responses from banks and Corporate Affairs COmmission (CAC) are being awaited. Preliminary investigation has so far revealed the possibility of the suspects to have diverted the funds of various investors to other business rather than the businesses they invested in.
Read More>>> https://thenationonlineng.net/alleged-n7b-fraud-efcc-freezes-galaxy-boss-16-accounts/