The Managing Director of Stewardship Rural Investment Limited, Stacy-Dan Ekpenyong (alias Daniel Ekpenyong), alleged to have obtained the sum of N11.5m by false pretence has been arrested by operatives of Uyo Zonal Office of the Economic and Financial Crimes Commission (EFCC).
This was disclosed in a statement issued on Monday by the EFCC Spokesman, Wilson Uwujaren.
Uwujaren said Ekpenyong was arrested on Friday May 14, 2021, 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.
According to him, Malgwi claimed that she paid the sum of N11m into the suspect’s company account, after he convinced her that, she will get 10% interest on any amount invested after a period of three months.
The anti-graft agency spokesman said, “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 one Amasi Ignatus whom the suspect allegedly defrauded of the sum of N500, 000.00, through the same scheme.
“Ekpenyong has made useful statements and will be charged to court as soon as investigation is concluded.”