A bogus insurance broker was arrested on Tuesday, August 3 by the Economic and Financial Brigade (BEF). His identity has not been disclosed. Only the initials (E. D) are known. The forger in question has mounted the name of his brokerage structure on a broker's license which bears the signature of the Minister of Economy and Finance Romuald Wadagni.

The structures that entrusted him with portfolio management mandates were certainly unaware that they were dealing with a counterfeiter. Clearly, he falsified a license in order to pass himself off as an insurance broker until the day the pot of roses was discovered by the insurance department. The agents of this direction therefore descended into the structure of the forger in the Gbèdjromèdé district in Cotonou to make the finding. The interested party would not have denied the facts, according to the newspaper Le Matinal which reports the information. He would have admitted to having falsified the broker's license to carry out his illegal activities. The man is according to the same source, in the hands of the Economic and Financial Brigade (Bef).