Economic and Financial Crimes Commission, EFCC, has arrested a couple for allegedly defrauding unsuspecting victims to the tune of N935million in a Ponzi scheme.https://scudnewsng.com
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.
Spokesperson for the EFCC, Wilson Uwujaren, said suspects, in connivance with their son,who is still at large, operate a Ponzi scheme in the guise of forex trading to defraud their unsuspecting victims.
He disclosed that 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, according to Uwujaren.
