The Economic and Financial Crimes Commission (EFCC), says its operatives have arrested one Stacy-Dan Ekpenyong (alias Daniel Ekpenyong), the Managing Director of Stewardship Rural Investment Limited for allegedly obtaining the sum of N11.5million by false pretence.
Ekpenyong was arrested on Friday, May 14, 2021, at Keystone Bank, University of Uyo branch, Akwa Ibom State, a statement by Wilson Uwujaren, EFCC spokesperson said.
His arrest follows a petition by one Titilayo Bolos Malgwi who alleged that the 36-year–old suspect tricked her into investing in his Micro Finance Company.
She claimed that she paid the sum of N11million into the suspect’s company account after he convinced her that, she will get 10 per cent 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 severed communication with her and efforts made to get her money back proved abortive.
However, 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 Ignatius whom the suspect allegedly defrauded of the sum of N500, 000, through the same scheme.
Ekpenyong has made useful statements and will be charged to court as soon as the investigation is concluded.