Operatives of the Economic and Financial Crimes Commission (EFCC), have sealed off Bliss Emporium, the official head office of Baraza Multipurpose Cooperative Society located in Yenagoa, the Bayelsa State capital.

The signature warning of the anti-graft agency “Under EFCC Investigation” was boldly written on the gigantic building when our correspondent drove past the Otiotio area of Yenagoa on Monday.

The sealing off of the magnificent edifice may not be unconnected with the volume of petitions written against the cooperative and its management led by the Chief Executive Officer, Miebi Bribena.

Multiple sources confided in NAIJA LIVE TV said that some influential persons whose monies are trapped in the cooperative may have moved against Bribena after every effort to make him refund their monies proved abortive.

It was gathered that these influential persons, some of whom are serving top Gov’t officials of different arms of government in the state had vowed to recover their contributions from Bribena no matter what, and how long it will take them.


A particular top official was quoted by some of his close aides to have said that he would not allow his N70 million to go like that and therefore will use all legal means to get his money back from the cooperative society.

According to EFCC’s Source, that Men of the Operative are currently in Bayelsa to seal off and recover properties suspected to have been acquired from proceeds of suspected fraud base on numerous petitions the commission received about issues involving Baraza and other money doubling schemes that defrauded thousands of Bayelsans who lost Millions in the name of some investment that promised 30% monthly returns

NAIJA LIVE TV reported Last week that, Justice L. M. Boufini of a State High Court (Nembe Division), sitting in Yenagoa has adjourned to October 7, 2021, a case involving Baraza.

The matter which was first slated for September 7, was later adjourned to September 21, following the absence of the presiding judge, Justice Boufini.

Joined as defendants in the suit were, Baraza Multipurpose Cooperative Society, Oyinmiebi Bribena, Union Bank, First Bank, Access Bank and First City Monument Bank (FCMB).

When NAIJA LIVE TV contacted, the Chief Executive officer (CEO) of Baraza Arc Miebi Bribena for comments, he simply said; he was surprised to see the EFCC presence at the premises of the head quarters.

“I am just seeing it. I have not received any EFCC invitation. When I do I will honor the invitation” – Arc Brebena reacted.

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