The Economic and Financial Crimes Commission (EFCC) has declared 24-year-old Adewale Daniel Jayeoba wanted over an alleged investment crime worth over N935 million.
The Commission said that Jayeoba is a native of Ori-Ade Local Government Area of Osun State.
He used to live at Suit 1004, Providence Centre, MKO Abiola Way, by NNPC Mega Station, Abeokuta, Ogun State.
An advertorial posted on Monday by the anti-graft agency’s Head of Media and Publicity, Wilson Uwujaren states that, “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.”
Sources say that the suspect’s parents, Emmanuel and Victoria Jayeoba were arrested in June for allegedly defrauding people to the tune of over N935 million.
Uwujaren said at the time that the couple in conivance with their son, now at large, “Operated the scheme in the guise of forex trading.”
They are said to have nabbed at their residence in Ibadan, the Oyo State capital.
According to the EFCC spokesperson, “They are parents to Adewale Daniel, Marketing Director, Wales Kingdom Capital Limited.”
Emmanuel Jayeoba, Adewale’s father was described as a Director in the company. He operated about 5 bank accounts with which he had allegedly received over N18 million before he was arrested.
The mother, Victoria had 6 bank accounts through which she received N916 ,607,715.
EFCC called on the general public to come forward with useful information that could lead to the arrest of the wanted man.
“A Ponzi scheme is a form of fraud that lures investors and pays profits to earlier investors with funds from more recent investors”
Wikipedia
Read also:
PorkMoney Directors Glory Osei and Folorunsho Muyiwa in Trouble Again !
EFCC Declares 24-Year-Old Wanted Over N935 Million Investment Scam