The Economic and Financial Crimes Commission has arrested a radio host, Favour Ekoh, in connection with an alleged N700 million Ponzi scheme.
Ekoh, who anchors the “Prime Time” program on Urban Radio 94.5FM Enugu, is accused of luring unsuspecting investors into a fraudulent investment scheme, promising exorbitant returns.
This was contained in a statement issued by the EFCC’s Head of Media and Publicity, Dele Oyewale, on Tuesday.
According to the statement, “On Monday, October 14, 2024, a team of operatives from the Enugu Zonal Directorate of the Economic and Financial Crimes Commission, EFCC, visited Urban Radio Enugu to invite Favour Ekoh for questioning regarding her involvement in an alleged N700 million Ponzi scheme fraud, which has affected about fifty victims.”
Oyewale explained that Ekoh allegedly lured her victims into investing in a scheme called Life…