Nightclub investment, a money-making venture that has over the years been a cash-cow of many is in danger!
Grave risk surfaces for the night business when anti-graft agency, Economic and Financial Crime Commission (EFCC) reportedly stormed top-rated place of leisure, Club 57, arresting huge spending patrons on allegations of being internet fraudsters (yahoo boys).
According to a report monitored on societynow.ng, choice cars were carted away and about ten big spenders were arrested in the raid.
Newsheadline247 understands the news of the EFCC invasion of Club 57 has since forced many nightclub big spenders indoor which has subsequently affected activities and patronage of many highly rated night hangouts.
The development is said to have sent chills down the spines of huge spenders at the nightclubs.
And consequently, all the services providers employed in the big money industry would worsen the already grave unemployment situation in the country.
And to make the situation more deadly for investors in the money spinner industry, the fear of the patrons has nothing to do with the devastating security situation but by actions of government.
“Everybody is now afraid to come to the club now because nobody wants to be arrested on suspicion of being a yahoo boy because even if he or she cleared later the damage is done” a source stated.
It was gathered that the action of the anti-corruption agency greatly rocked the flow of the nightclub business as revenue nosedived.
“It is very bad for us, patrons would not come out again and we lose money. And if we do that how do we pay salaries and keep staff employed?” a stakeholder posed with passion.
Insisting he is not in support of the “yahoo” business, the stakeholder who spoke on condition of anonymity stated to protect the investments in the sector, the agency should go after suspects in a manner that does not jeopardize the operation of a major contributor to the nation’s economy.
“Because people would run away, even very law-abiding people because the stain of a mistaken arrest and label as a yahoo boy would wreck the careers of many. And if people don’t come, what happens to investments in the sector” the stakeholder queried.
Additional reports from societynow.ng
