29 C
Lagos
Wednesday, May 25, 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

Institute of Stockbrokers elect first Female Principal Officer

History has been made at Chartered Institute of Stockbrokers...

The 11th Young Achievers Nigeria award

His Here again... The youth o'clock award. The biggest, the...

Unveiling of Manuals: Buhari Commends Bawa, Urges Other Agencies to Emulate EFCC

President Muhammadu Buhari today Friday March 25, 2022, commended...

Alleged $1.6bn Oil Fraud: Omokore Denies Buying Houses, Cars for Diezani, NNPC Bigwigs

The money laundering and procurement fraud trial of  Olajide...