Operatives of the Economic and Financial Crimes Commission, EFCC, on Friday May 14, arrested Mr. Stacy-Dan Ekpenyong (alias Daniel Ekpenyong), Managing Director of Stewardship Rural Investment Limited for allegedly obtaining a sum of N11.5m by false pretence.
Wilson Uwujaren, Head, Media and Publicity of the anti-graft Commission, said in a statement on Monday, that Ekpenyong was arrested at Keystone Bank, University of Uyo branch, Akwa Ibom State, following a petition by one Titilayo Bolos Malgwi who alleged that the 36-year-old suspect tricked her into investing in his Micro Finance Company.
Uwujaren said the complainant claimed that she paid the sum of N11m into the suspect’s company account, after he convinced her of getting get 10 percent interest on any amount invested after a period of three months.
When it was time for her to start reaping from her investment, the suspect allegedly severed communication with her and efforts made to get her money back, proved abortive.
However, Uwujaren said the Commission had been on the trail of the suspect since December 18, 2020, when it first received a petition against him from one Amasi Ignatus whom the suspect allegedly defrauded of the sum of N500, 000.00, through the same scheme.
He noted that Ekpenyong had made useful statements and will be charged to court as soon as investigation was concluded.
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