Orders from the Women’s Detention Court accused of the Ponzi N13.8B scheme

The Federal High Court at Port Harcourt has returned a valuable Williams in detention after his indictment of alleged involvement in the Ponzi N13.8 billion scheme related to cheating investment operations.

The Economic and Financial Crime Commission (EFCC), in a statement issued on Monday, confirmed that Williams faced the cost of 14-calculations that included conspiracy, earned money with fake pretense, and money laundering.

According to EFCC, Williams-listed as Director of Glossolalia Nigeria Ltd. and Lelegend Nigeria Ltd-with both receiving billions of naira who were traced to Maxwell Chizi who are now 10% of their huts, preparation, 10s. Companies and MBA trade.

One of the charges against Williams Read: “That you, precious Williams of Glossolalia Nigeria Limited; Lelegend Nigeria Limited, Phenom 413 Events Limited (Company Representative at Large) and Doxasterz Oil and Gas Limited, Day of February, 2020, at Port Harcourt, Within the Jurisdiction of this Honuurable Court, Directly Tooking Possession of the Sum of Ten Billion Naira (N10,000,000,000.00) Only from Maxwell Chizi Odum (still in general) and MBA Trading and Capital Investment Limited ( Kepura -Fake Disposal of one Christian I. Agadaga and more than three thousand (3000) members of Nigerian people who are not suspicious, under the pretext that for investment purposes that will produce 10% to 15% interest per month, and thus, the same action (3) (2) (b) of the same amount of money (B) (B) (B) from the amount of money (prohibition).

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Another accusation revealed that he was suspected of receiving N1,005 billion through a Polaris bank account under the Lelegend Nigeria Ltd., also related to a fraud investment scheme.

Williams claimed to be innocent for all 14 accusations during the court process. Following his request, the adviser EFCC Ek Bakam asked for the date of the trial and urged the court to return it in custody.

Meanwhile, the legal counsel of Tochukwu Maduka, San, told the court that the guarantee application had been submitted. However, Bakam opposed the request, on the grounds that the application was premature because it had been submitted before the allegations were changed and his indictment.

Chief judge, Judge Si Mark, decided that Williams was returned to the Port Harcurt Correctional Center and postponed the case until 17 June 2025, for a guarantee session.