Home Scam/Fraud EFCC arrests alleged Ponzi scheme operator over N128m scam

EFCC arrests alleged Ponzi scheme operator over N128m scam

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The Ibadan Zonal Office of the Economic and Financial Crimes Commission has arrested one Amos Olaniyan for allegedly defrauding people of over N128m 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 based on a series of petitions by his victims.

The 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…

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