The alleged founder of Cashflow ABI Network Limited, Dr Philemon Ibrahim Gora has been arrested.
The suspect was today arraigned by the EFCC before Justice Ijeoma Ojukwu of the Federal High Court, Maitama Abuja on a 2-count charge of operating a financial institution illegally.
According to investigation, the accused defrauded unsuspecting customers between 2012 and 2017.
Gora was arraigned along with the company for violating Section 2 (1) of the Banks and Other Financial Institutions Act, and Section 49 (1) of the same Act.
Gora and his workers were granted bail in the sum of N10million with 2 sureties in the like sum each.