Dalori was arrested for defrauding no fewer than 27, 400 Nigerians to the tune of about N7 billion through fake promises of mouth-watering returns on their investment in his companies.
According to the statement, Dalori, who is currently undergoing interrogation in the Commission, had incorporated the firm in 2012 with one tricycle , which through pool investments by members of the public later boasted of 50 tricycles. “The commission’s investigators discovered that Dalori initially paid 200 per cent interest on investors’ deposits in the firm and later reduced the interest to 135 per cent before the scheme crashed in 2018.
“Unfortunately, his gimmicks paid off as different people took their hard-earned savings, inheritance, pensions and other source of income and invested in Galaxy.“At the moment, he has used the investors money to incorporate different entities without getting their consent.
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