Investment firm MD, 10 others in EFCC net over N11.5m fraud, cybercrimes - Punch Newspapers

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Operatives of the Uyo zonal office of the Economic and Financial Crimes Commission have arrested one Stacy-Dan Ekpenyong, aka Daniel Ekpenyong, who is the Managing Director of Stewardship Rural Investment Limited, for allegedly obtaining the sum of N11.5m by false pretences.

The statement read in part, “Ekpenyong was arrested at Keystone Bank, University of Uyo branch, Akwa Ibom State, following a petition by one Titilayo Malgwi, who alleged that the 36-year-old suspect tricked her into investing in his microfinance company. She claimed that she paid the sum of N11m into the suspect company’s account after he convinced her that she would get 10 per cent interest on any amount invested after a period of three months.

“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 Ignatus, whom the suspect allegedly defrauded of the sum of N500,000 through the same scheme.”

 

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