EFCC after a 24-year-old for alleged N935million Ponzi Scheme scam

The men of the Economic and Financial Crimes Commission (EFCC) have declared a 24-year-old identified as Adewale Daniel Jayeoba wanted over an alleged Ponzi Scheme scam.

More so, the Commission said Jayeoba, a native of Ori-Ade Local Government in Osun State, used to live at Suit 1004, Providence Centre, MKO Abiola Way, by NNPC Mega Station, Abeokuta, Ogun State.

“The public is hereby notified that Adewale Daniel Jayeoba of Wales Kingdom Capital is wanted by the Economic and Financial Crimes Commission (EFCC) in the alleged case of an investment scam,” the anti-graft agency announced in a statement.

“His last known address is suited 1004, Providence Centre, MKO Abiola Way, by NNPC mega station, Abeokuta, Ogun State,” the commission added.

In June, the EFCC said operatives from its Lagos zonal office arrested Emmanuel and Victoria Jayeoba, identified as parents of the 24-year-old who is said to be at large, for allegedly defrauding unsuspecting victims to the tune of N935 million.

“The suspects, in complicity with their son, who is still at large, operate a Ponzi scheme in the guise of forex trading to defraud their unsuspecting victims,” EFCC had said.

“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.