EFCC Arrest Managing Director Of Nigerian “Wonder Bank”

Following over a hundred petitions from across the country on the operations of an alleged Wonder bank and its nefarious activities, the EFCC, today, arrested the Managing Director of “Lets Partner With You Ltd”, Chief. Patrick Shanchi Nwokike at his residence in Enugu, Enugu state.

Petitions indicate that the company had over the past five years solicited and obtained deposits of more than N4bn from the general public with promise of mouth watering interest in return.

According to investigations conducted by the Commission, the company has no license to solicit and manage funds for the public nor was it registered with Securities and Exchange Commission, SEC, or the Nigeria Deposit Insurance Company, NDIC.

Further investigations revealed that a 10% interest was for some time paid on invested capital which for no justifiable reason, was suddenly stopped and all efforts by depositors to have at least the capital of their investments returned nor terminate their investments proved abortive.

Many of the complainants alleged that the operators of the scheme especially, Chief Nwokike, not only live very flamboyant lifestyles, but acquired several personal assets as well as using their deposits for philanthropic enterprise.

The company was also found to have over six accounts in about four banks with Nwokike and his wife being the only signatories. Investigation is still on-going to ascertain the extent of the company’s operations, its culpability, likely recovery of funds and possible prosecution.ar1

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  • Mezzy Gilbert


  • chika bibian

    The days of reckoning is here for him

  • emekachilaka

    serve him right

  • kayode akinsanya

    That wonder bank dupe many Nigerian eh. I doubt it that the man would still have the money

  • iheukwumere

    Omo dis man get mind sha for 5yrs em just dey deceive pple

  • WillieBravo

    Dagbo people. Hand Don meet this one.

  • Cornel Nwankwo

    I don’t know why is just so easy to convince Nigerians into investing where they will never reap anything……..
    This is just so bad, good he was caught, hope the money is recovered and paid out to people who actually invested in such bank

    • Mezzy Gilbert

      I c it as greed

  • Na really wonder bank …smh just to bad

  • Olovo Obinna

    Body like this once ripped me of my hard earn salary back then….wonder why many nigerians feels making money is that easy….that is how MMM has been making waves,,people will get heart attack once that MMM come crashing

    • Mezzy Gilbert