EFCC nabs man for alleged N343m investment scam

EFCC nabs man for alleged N343m investment scam

click photo for more information
EFCC nabs man for alleged N343m investment scam
<p class="">The Economic and Financial Crimes Commission (EFCC), Ibadan Zonal Office, has arrested one Ayodele Olaniyi for allegedly defrauding unsuspecting investors of N343 million.</p> <p class="">EFCCs Spokesman, Mr Tony Orilade made this known in a statement in Abuja on Thursday.</p> <p class="">He said that Olaniyi’s arrest followed a petition to the EFCC in February, which […]
0
37

<p class="">The Economic and Financial Crimes Commission (EFCC), Ibadan Zonal Office, has arrested one Ayodele Olaniyi for allegedly defrauding unsuspecting investors of N343 million.</p>

<p class="">EFCCs Spokesman, Mr Tony Orilade made this known in a statement in Abuja on Thursday.</p>

<p class="">He said that Olaniyi’s arrest followed a petition to the EFCC in February, which was investigated by its operatives.</p>

<p class="">The petitioner had alleged that Olaniyi duped 89 persons, collecting money from them at various times amounting to N343,880,000.</p>

<p class="">Olaniyi was said to have persuaded his victims into investing in a network structure called Beerbanc Traders Network.</p>

<p class="">The network involves participants pooling resources to establish a beer retailing business. he said.</p>

<p class="">According to Orilade, the proceed is expected to be shared every month among the investors and the purported coordinating company.</p>

<p class="">But rather than bring succour, Olaniyi accentuated their frustration as they neither received a dime as profit on their investment since October 2018, nor did they get their invested money back.</p>

<p class="">Investigations into the petition reveals that the suspect was operating eight different accounts through which he enlisted 114 people into the phoney scheme.</p>

<p class="">It was also established that a sum of N396.5 million found in the accounts were never invested in any business, he said.</p>

<p class="">He said that after taking Olaniyis statement and conducting a search on his house and business address at Oluyole, Ibadan, he was granted administrative bail.</p>

<p class="">He was unable to meet the terms of the bail.</p>

<p class="">However, having realised that it was game up, and that there was likelihood of him facing the consequence of his actions, Olaniyi tried playing a smart one on the commission, as he feigned illness.</p>

<p class="">He claimed to be suffering from Hepatitis B in a bid to secure his release on health grounds, he said.</p>

<p class=""><strong>ALSO READ</strong>: <a href="https://www.pulse.ng/news/local/fashola-says-some-states-now-enjoy-constant-power-supply/dcj5rxb" id="554cc46c-74dd-4958-b2ee-90f7fa80736a">Fashola says some states now enjoy constant power supply</a></p>

<p class="">Orilade said that a medical laboratory test conducted on him established that he was not infected as he claimed.</p>

<p class="">He will soon be charged to court, he added.</p>

<figure class="embedded_application" align="center"> <figcaption>4 Things That Happened During Fayose’s EFCC Visit</figcaption> </figure>

The aesthetics of allyship, how veteran Nigerian designer Mai Atafo is marrying gender politics and fashion

click photo for more information
The aesthetics of allyship, how veteran Nigerian designer Mai Atafo is marrying gender politics and fashion
<p class="">On a Thursday afternoon, ensconced at his Lekki studio, Mai Atafo is in his element at a fitting for his upcoming collection for Autumn/Winter 19.</p> <p class="">Dressed in an over-sized utility jacket and jeans, <strong>Mai Atafo</strong> is uncharacteristically dressed down and the off-duty Mai is just as striking as his suave alter-ego. With just […]
0
2

BBM, one of the most loved instant messaging applications, is shutting down on May 31

click photo for more information
BBM, one of the most loved instant messaging applications, is shutting down on May 31
<ul><li>BBM consumer service will shut down on May 31, 2019.</li><li>The company says it cannot compete in the internet messaging market despite launching many new features and content.</li><li>BlackBerry Messenger was one of the most loved messaging platforms in Nigeria.</li><li>Blackberry floats the enterprise-grade, BBMe following the decision by Emtek to shut down the consumer version.</li></ul> <p class=""><strong>Blackberry […]
0
5

34 strippers arrested in Abuja as FCT officials raid a night club

click photo for more information
34 strippers arrested in Abuja as FCT officials raid a night club
<p class="">Federal Capital Territory Administration (FCTA) officials reportedly raided a popular night club, Caramelo in Abuja and arrested 34 strippers.</p> <p class="">According to <strong>Premium Times</strong>, the front perimeter fence of the nightclub was also destroyed during the raid on Wednesday night.</p> <p class="">The Coordinator, Abuja Metropolitan Management Council, <strong>Umar Shuaibu</strong>, while addressing Journalists on Thursday, […]
0
5

Actor Uche Maduagwu publicly confess love for Waje

click photo for more information
Actor Uche Maduagwu publicly confess love for Waje
Nollywood actor Uche Maduagwu, has come out publicly to to declare the love he has for popular singer Waje, who came out recently about having problems with her vocal and not having enough money to sponsor her music. Uche took to his Instagram page to display his affection for Waje. He said that if Waje […]
0
9

MC Galaxy Leaves Fans Hanging on Good Friday

click photo for more information
MC Galaxy Leaves Fans Hanging on Good Friday
Artist MC Galaxy, on Friday, decided to surprise his numerous followers on Instagram by postponing his regular Friday night live video session. MC Galaxy told his followers to respect God since yesterday was a Good Friday. His live video sessions on Instagram has become a feel-good spot for some Nigerians in recent times as people […]
0
10

Nigerian Newspaper Headlines Today: 20th April, 2019

click photo for more information
Nigerian Newspaper Headlines Today: 20th April, 2019
Vanguard Alleged students’ torture: Why we’ve not appeared before Reps C’ttee — Madonna varsity THE authorities of Madonna University, Nigeria, have said they were yet to make appearance before the House of Representatives because the matter involving its two former students that informed the invitation by the House was before a competent court of law. […]
0
11

Better days ahead for Nigerians — Fayose

click photo for more information
Better days ahead for Nigerians — Fayose
The ex-governor urges Nigerians to keep hope alive. The post Better days ahead for Nigerians — Fayose appeared first on Premium Times Nigeria. Related
0
8

Nollywood director Ifeanyi Onyeabor is dead

click photo for more information
Nollywood director Ifeanyi Onyeabor is dead
The accomplished filmmaker died while filming in Jos, Plateau State, on Good Friday. The post Nollywood director Ifeanyi Onyeabor is dead appeared first on Premium Times Nigeria. Related
0
8

[Video] Masterkraft – “La La La” ft. Phyno, Selebobo

click photo for more information
[Video] Masterkraft – “La La La” ft. Phyno, Selebobo
Masterkraft releases the official music video for his song “La La La” featuring Phyno and Selebobo. This record was released after his banging/hit song “Are You Sure” featuring street rave of the moment, ZLatan and CDQ. “La La La” is a song that shows Masterkraft’s origin, it a smashing dance track from the Eastern part […]
0
9

Helen Paul talks Growing Up Hearing About Being Born out of Rape & Beating the Odds | WATCH

click photo for more information
Helen Paul talks Growing Up Hearing About Being Born out of Rape & Beating the Odds | WATCH
Earlier this month, actress and comedian Helen Paul disclosed that she was born out of rape, narrating how her mum was told she (Helen) wouldn’t amount to anything. She shared the message in a post dedicating her Doctorate degree in Theatre Arts to her mum. “I grew up hearing from family members; being called a […]
0
10

Richard Akuson narrates Experiencing a Brutal Homophobic Attack in Nigeria in Op-Ed for CNN

click photo for more information
Richard Akuson narrates Experiencing a Brutal Homophobic Attack in Nigeria in Op-Ed for CNN
In an op-ed for CNN, fashion writer and founder of A Nasty Boy, Richard Akuson, narrates the brutal attack from four men in his hometown in Akwanga, Nasarawa state, who accused him of being gay and “spreading a gay agenda.” “In 2017, I started A Nasty Boy magazine to validate and affirm the lives and […]
0
9

Women, arise for Onyejeocha!

click photo for more information
Women, arise for Onyejeocha!
Enough of our men, the next level should allow women to be part of the running of our country. Let me sound it clear to all, Nigeria owes so much to ladies. Nkiru Chidubem Onyejeocha, a fourth timer, should be the next Speaker of the House of Representatives. It is time to recognize Nigerian women. […]
0
8
load more posts