EFCC arrests couple for allegedly pulling off N935m Ponzi scheme
The Economic and Financial Crimes Commission (EFCC) says it has arrested a couple for allegedly swindling unsuspecting victims to the tune of N935 million.
EFCC arrests couple for allegedly pulling off N935m Ponzi scheme
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Uwujaren stated that the couple, Emmanuel and Victoria Jaiyeoba, were arrested in their residence in Ibadan, following petitions by their victims.
He said: “Emmanuel and Victoria Jaiyeoba are parents of Mr 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.”
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He said the suspects had received money from their victims through 11 bank accounts registered under them.
“Investigation revealed that Emmanuel, who is a Director in the company, operates five bank accounts and had received N18.398 million from his victims 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 million,” he stated.
Uwujaren further stated that the suspects would soon be arraigned to answer for their alleged crimes.
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