SOJI AJIBOLA, IBADAN
Economic and Financial Crimes Commission have reportedly arrested an Ibadan based business man and Managing Director, DHIL Nigeria Limited, also known as Crime Alert Security Network, Mr. Amos Olugbenga Olaniyan for allegedly defrauding investors to the tune of N128m.
The 43-year-old man was reportedly picked up by the Operatives of EFCC following a series of petitions filed against him by investors.
The petitioners alleged that Amos, through his company, Crime Alert Security Network Investment, persuaded them to invest in a network scheme which offered a monthly 30 per cent returns on investment.
According to some of the victims, they were persuaded to invest after listening to the suspect’s weekly radio programme.
However, after investing their monies they neither received the promised Return on Investment nor get a refund of their capital since 2020.
Worried by the development, the affected investors petitioned the EFCC.
The commission, in the course of investigation, discovered that the suspect operated a classic ponzi scheme and had defrauded hundreds of people, some of whom reported orally to the commission.
Furthermore, it was discovered that DHIL Nigeria Limited was not registered with the Central Bank of Nigeria as a financial institution.