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EFCC arrests company official over alleged N11.5 million investment fraud

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A petitioner told EFCC that she paid N11million into the suspect’s company account, after he convinced her that she would get ...

has arrested Stacy-Dan Ekpenyong, the managing director of Stewardship Rural Investment Limited, for allegedly obtaining the sum of N11.5million by false pretence.

“Ekpenyong was arrested at Keystone Bank, University of Uyo branch, Akwa Ibom State, following a petition by one Titilayo Bolos Malgwi who alleged that the 36-year-old suspect tricked her into investing in his Micro Finance Company,” the statement read in part. “When it was time for her to start reaping from her investment, the complainant severed communication with her and efforts made to get her money back, proved abortive,” the statement also read.

 

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