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Couple nabbed by the EFCC for involvement in N935m Ponzi scheme scam
Couple nabbed by the EFCC for involvement in N935m Ponzi scheme scam

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A man and wife were arrested by men of the Lagos Zonal office of the Economic and Financial Crimes Commission for allegedly defrauding unsuspecting public in a N935m Ponzi scheme.


The couple identified as Emmanuel and Victoria Jaiyeoba were nabbed at their residence in Ibadan, Oyo State capital and they’re parents to Adewale Daniel, Marketing Director of Wales Kingdom Capital Limited.


They are said to have connived with their son who is still at large to operate a Ponzi scheme in the guise of forex trading to defraud unsuspecting victims.


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.


They will be charged to court soon.


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