27 C
Lagos
Friday, September 30, 2022

EFCC Arrests Couple Over Alleged N935m Ponzi Scheme In Lagos

Date:

The Lagos Zonal Office of the Economic and Financial Crimes Commission, EFCC, has arrested a couple for allegedly defrauding unsuspecting victims in a N935m Ponzi scheme.

The suspects, Emmanuel and Victoria Jaiyeoba, who were arrested at their residence in Ibadan, Oyo State, are parents to Adewale Daniel, Marketing Director, Wales Kingdom Capital Limited.

The suspects, in complicity with their son, who is still at large, operate a Ponzi scheme in the guise of forex trading to defraud their unsuspecting victims. Investigation revealed that Emmanuel, who is a Director in Wales Kingdom Capital, operates five bank accounts and had received a sum of N18, 397, 913. 67 before his arrest.

Further investigation also showed that the second suspect, Victoria, operates six bank accounts through which she received fraudulent transactions to the tune of N916, 607, 715. 48. The suspects will soon be charged to court.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

spot_imgspot_img

Popular

More like this
Related

BREAKINGS:Nigerian DJ Reportedly Commits Suicide In U.K

A Nigerian man identified as Olaniyi Oladigbo popularly known...

The fight between Anthony Joshua and Tyson Fury on December 3 is nearing completion.

Anthony Joshua‘s long-awaited all-British showdown with Tyson Fury may...

Breaking: Lagos Assembly Summons Commissioner For Failure To Honour Previous Invitations

The Lagos State Commissioner for Waterfront Infrastructure, Arch. Kabiru...

Aregbesola inspects the ongoing 3000-capacity Karshi Custodian Centre and expresses satisfaction with the level of work completed.

The Minister of Interior, Ogbeni Rauf Aregbesola, this morning,...