Crime
EFCC arrests Crime Alert Investment owner Amos Olaniyan for N128m ponzi scam
The Economic and Financial Crimes Commission (EFCC) has arrested Amos Olugbenga Olaniyan for allegedly defrauding people of more than N128,000,000 in a fraudulent investment scheme.
EFCC spokesman, Wilson Uwujaren in a statement said Olaniyan was nabbed following series of complaints.
The petitioners alleged that Olaniyan, through his company, DHIL Nigeria Limited, popularly known as Crime Alert Security Network Investment, offered a monthly 30% returns on investment.
The citizens said they were persuaded after listening to the suspect’s weekly radio programme.
After committing funds, they neither received the promised interest nor got a refund of their capital since 2020.
In the course of investigations, the EFCC discovered that the suspect operated a classic Ponzi scheme and had defrauded hundreds of people.
“Petitions are still pouring into the Commission daily from his alleged victims”, Uwujaren disclosed.
It was discovered that DHIL Nigeria Limited was not registered with the Central Bank of Nigeria as a financial institution.
Five exotic cars, three landed properties and other incriminating documents were recovered from Olaniyan.
The suspect will be charged to court at the completion of investigations.
-
Business2 days agoAn Open Appeal To The Gov. Of Bayelsa State, Sen. Diri Douye Regarding The Removal Of My Prominent Billboard On Azikoro Road, Near Ekeki Park.
-
News3 days agoPolice have arrested three suspects who offered a pregnant woman N30 million to terminate her six-month-old fetus for a ritual in Niger State
-
Gist2 days agoA housewife in Bauchi has stabbed her husband to death during a dispute over child custody
-
Niger Delta2 days agoProphetic Warning: Primate Ayodele Cautions NDDC DG Ogbuku on Imminent Betrayal
-
Politics2 days agoTension in Osun: LG Workers Stand Their Ground, Defy APC’s Resumption Order
-
Politics6 days agoBreaking News: The Federal High Court has ordered PDP to go ahead with its South-South Zonal Congress
-
Crime2 days agoClose Call: Baby Kidnapping Attempt Blocked by Vigilant Residents
-
Crime3 days agoThe police have arrested a woman named Ogechi Okechukwu, who works as a nurse, for deceiving people with fake illnesses to solicit donations