Joseph Isangura
Authorities in Morogoro have arrested seven people suspected of running an illegal online financial scheme without approval from the Bank of Tanzania (BoT).
Morogoro Regional Police Commander, Senior Assistant Commissioner of Police (SACP) Alex Mkama, confirmed the arrests, stating that the suspects were apprehended on February 18, 2025, in Kilakala, Morogoro Municipality. During the operation, officers found various items linked to the unregistered business.
The individuals in custody have been identified as David Francis (35), Boazi Amboniye (42), Kundi Msalaba (31), Moses Dugomela (22), Isaya Paulo (25), and Baraka Sanga (32).
According to police reports, the suspects were allegedly operating an online platform that lured people with promises of high financial returns. However, the business was not registered or authorized by BoT, making it illegal under Tanzania’s financial laws.
SACP Mkama explained that the scheme required participants to invest money, with entry fees ranging from TZS 50,000 to TZS 540,000. In return, they were told they could earn profits simply by watching short videos online. Preliminary investigations suggest that the suspects had already collected around TZS 20 million from unsuspecting individuals.
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“During the raid, we found over 100 young people inside a training center, where they were being taught how to participate in the program under the impression that it was a legitimate employment opportunity,” SACP Mkama said.
The arrests were part of a broader effort by the police and the Bank of Tanzania to curb financial fraud carried out through mobile networks and digital platforms.
Authorities have repeatedly warned the public to be cautious before investing in online financial schemes. Many fraudulent operations have surfaced in recent years, exploiting digital platforms to promise quick and easy earnings.
Police say investigations are still ongoing, and the suspects will face legal action once inquiries are complete. Meanwhile, citizens are urged to report any suspicious financial activities to the relevant authorities.
