In a bid to rid the nation of the infamous activities of  Wonder Banks  popularly known as the Ponzi scheme, the EFCC in  Ibadan Zonal Office has arrested 27 suspected operators of illegal financial institutions in Ibadan.

This was contained in a statement issued by Mr Ayo Oyewole, the Head of Public Affairs,   Ibadan Zonal Office of EFCC,  and made available to the newsmen in Ibadan on Thursday.

Oyewole said that the suspects had volunteered useful information to the operatives of the commission in their quest to unravel the extent of their illegal activities.

He said that investigations revealed  that the  operators  were arrested for operating  illegal financial institutions.

Oyewole said the operators  allegedly gave loans to innocent and unsuspecting members of the public who register with them after 10 percent deposit of the total loans sum and charge 15 to 20 percent interest on all the loans granted.

He said that the commission also gathered that these companies had branches with thousands of customers spread across Oyo, Lagos, Ogun, Ondo, Kwara States.

Oyewole said several copies of hand flyers for advertisement of their activities and laptops were recovered from them at the point of arrest.

He stated that the suspects would be charged to court as soon as investigation was concluded and a prima facie  case was established against them.