The Director General of Financial Intelligence Unit (FIU), David Borbor in Freetown has vindicated Orange Money from Super Advertis Scam and instructed the mobile money service provider to freeze the account that was deposited by some Sierra Leoneans as a form of investment in the scam company.

Making the disclosure at the Ministry of Information and Civic Education weekly press briefing at Tower Hill, the Director General said when it came to their notice that Super Advertis used some mobile agents to do financial transactions, they commenced investigations into the issue at once.

Mr. Borbor furthered that FIU had enough information on Super Advertis which they provided to the police to ensure they traced all those behind Super Advertis that was not licensed to operate as a financial institution in Sierra Leone.

The Director General said their findings revealed that Super Advertis was established sometime in September last year and has no direct relationship or business with Orange mobile company – although the unlicensed financial institution had been trying to have investment with their established agents. He disclosed that a National Risk Assessment that was conducted in 2017 and 2023 showed that corruption was high in terms of predicate offence and one of the reforms was to ensure politically exposed person were separately dealt with in the financial sector.

The Director General however lamented that FIU was yet to be a member of the Global Network that assists in tracking information about people who have committed financial crime or fraud. He however noted that Ghana and Nigerian were now helping them to be a member of the Global Network so as to also enable them to be very proactive in tracking issues of financial crime in time.