The Chief Executive Officer of DHIL Nigeria Limited, Amos Olugbenga Olaniyan, alleged to have defrauded members of the public of over One Hundred and Twenty-Eight Million Naira in a fraudulent investment scheme, have been arrested by the Ibadan Zonal Office of the Economic and Financial Crimes Commission, (EFCC).
This was disclosed in a statement issued on Friday by the EFCC Spokesman, Wilson Uwujaren.
Uwujaren said Olaniyan, 43, was arrested following series of petitions by victims.
He said the petitioners alleged that Olaniyan through his company, persuaded them to invest in a network scheme which offered a monthly 30% returns on investment.
He said, “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 interest nor get a refund of their capital since 2020.
“Exasperated, they 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. Indeed, petitions are still pouring into the Commission on a daily basis from his alleged victims.”
According to the EFCC spokesman, it was further discovered that DHIL Nigeria Limited, the vehicle used by the suspect to scam his victims, was not registered with the Central Bank of Nigeria as a financial institution.
He also revealed that five exotic cars, three landed properties and other incriminating documents were recovered from the suspect.
The anti-graft agency image maker said he will be charged to court as soon as the investigation is concluded.