Richard Ginika Izuora
The Ibadan zonal office of the Economic and Financial Crimes Commission (EFCC), has arrested a 43-year-old company executive for allegedly defrauding people of over N128 million through a fraudulent investment scheme.
Spokesman of the EFCC, Wilson Uwujaren in a statement on Friday, said the suspect had allegedly used his company DHIL Nigeria Limited; otherwise known as Crime Alert Security Network Investment, to defraud his unsuspecting victims.
Uwujaren said that the suspect was arrested following a series of petitions received from some of his victims and that the petitioners alleged that the suspect had, through his company; persuaded them to invest in a network scheme which offered a monthly return of 30 per cent on investment.
According to to him, some of the victims claimed that the suspect persuaded them to invest; after listening to his weekly radio programme.
“The victims alleged that after investing their monies, they neither received the promised interest; nor got a refund of their capital investment,” he said.
In its investigations, Uwujaren also said that the EFCC found that the suspect operated a classic Ponzi scheme; noting that he had defrauded hundreds of people, some of whom reported orally to the commission.
He said that petitions were still pouring into the commission daily from the suspect’s alleged victims.
“It was discovered that DHIL Nigeria Limited, the vehicle used by the suspect to scam his victims; was also not registered with the Central Bank of Nigeria, as a financial institution,” he said.
The EFCC spokesman said that five exotic cars, three landed properties; as well as other incriminating documents were recovered from the suspect adding that he would be charged to court as soon as investigations were concluded.