Ponzi scheme operator arrested by EFCC with luxury items after defrauded people of over N128 Million

The Economic and Financia Crime Commission EFCC Ibadan Zonal office have arrested the operator of Ponzi investment scheme for defraud people of over N128 Million

The 43-years-old man identified as Amos Olaniyanwas was arrested based on a series of petitions by his victims whom he defrauded through an investment scheme.

A statement by the anti-graft agency’s Head, Media and Publicity, Wilson Uwujaren, indicated that the 43-year-old was arrested in Ibadan, Oyo state capital following petitioners alleged that Olaniyan through his company, DHIL Nigeria Limited popularly known as Crime Alert Security Network Investment, persuaded them to invest in a network scheme which offered monthly 30 per cent returns on investment.

The statement read in part, “According to some of the victims, they were persuaded to invest after listening to the suspect’s weekly radio programme. However, after investing their monies they neither received the promised interest nor got a refund of their capital since 2020.

The anti graft agency further said vehicle allegedly used by Olaniyan to perpetrate the fraud was not registered with the Central Bank of Nigeria as a financial institution adding that many other people are still submitting petition as of the time of making the report


Meanwhile, the agency said it recorverd some luxury items from the suspect and will soon be charge to court immediately after investigation

“Five exotic cars, three landed properties and other incriminating documents were recovered from the suspect,” the statement added.

0 0 votes
Rate This Story

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments
0
Would love your thoughts, please comment.x
()
x