A couple, Emmanuel and Victoria Jaiyeoba are currently in the custody of the Lagos Zonal Office of the Economic and Financial Crimes Commission (EFCC) for allegedly defrauding unsuspecting victims in a N935m Ponzi scheme.

This was disclosed in a statement issued on Wednesday by Spokesman of the EFCC, Wilson Uwujaren.

Uwujaren said the suspects were arrested at their residence in Ibadan, Oyo State.

According to him, they are parents to Adewale Daniel, Marketing Director, Wales Kingdom Capital Limited.

He noted that the suspects, in complicity with their son, who is still at large, operate a Ponzi scheme in the guise of forex trading to defraud their unsuspecting victims.

“Investigation revealed that Emmanuel, who is a Director in Wales Kingdom Capital, operates five bank accounts and had received a sum of N18, 397, 913. 67 before his arrest,” he said.

“Further investigation also showed that the second suspect, Victoria, operates six bank accounts through which she received fraudulent transactions to the tune of N916, 607, 715. 48.

“The suspects will soon be charged to court.”