A 40-year-old man, Ayodele Saheed Olaniyi, is currently cooling his heels in the custody of the Economic and Financial Crimes Commission, EFCC, Ibadan zonal office for allegedly duping people of sums totaling Three hundred and forty-three million, eight hundred and eighty thousand naira .
The petitioner alleged that they were hoodwinked by Olaniyi into investing in a network business called Beerbanc Traders’ Network. Upon receipt of the petition, the Acting Chairman of EFCC, Mr. Ibrahim Magu, had assigned detective officers to look into its merit, who later made shocking findings, according to a source in the Commission.
After taking his statement and conducting a search on his house and business address at Oluyole, Ibadan, the commission granted the suspect an administration bail, of which he was yet to meet the conditions.