The Economic and Financial Crimes Commission (EFCC), Uyo Zonal office has arrested the Managing Director of Stewardship Rural Investment Limited, Stacy-Dan Ekpenyong alias Daniel Ekpenyong Limited for allegedly obtaining the sum of N11.5m by false pretence.
Ekpenyong was arrested at Keystone Bank, University of Uyo branch, Akwa Ibom State, following a petition by Titilayo Bolos Malgwi, who alleged that the 36-year-old suspect tricked her into investing in his Micro Finance Company.
Malgwi claimed that she paid the sum of N11m into the suspect’s company account, after he convinced her that, she would get 10 per cent interest on any amount invested after a period of three months.
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.
However, the Commission had been on the trail of the suspect since December 18, 2020, when it first received a petition against him from another victim, Amasi Ignatus, whom the suspect allegedly defrauded of the sum of N500, 000.00, through the same scheme.
Ekpenyong, who was arrested on May 14, 2021 would soon be charged to court as soon as investigation is concluded.
