Operatives of the Uyo Zonal Office of the Economic and Financial Crimes Commission (EFCC) on Friday, May 14, 2021, arrested one Stacy-Dan Ekpenyong (alias Daniel Ekpenyong), the Managing Director of Stewardship Rural Investment Limited, for allegedly obtaining the sum of N11.5 million by false pretence.
However, the EFCC 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 N500,000 through the same scheme.
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.
Malgwi claimed that she paid the sum of N11 million into the suspect’s company account after he convinced her that she would get 10 percent 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.
EFCC spokesman, Wilson Uwujaren, said Ekpenyong had made useful statements and would be charged to court as soon as Investigations were concluded
Follow our socials Whatsapp, Facebook, Instagram, Twitter, and Google News.
