The Economic and Financial Crimes Commission, EFCC, Ibadan Zonal Office, has announced the arrest of the founder of DHIL Nigeria Limited popularly known as Crime Alert Security Network Investment, Amos Olugbenga Olaniyan for allegedly defrauding people of over 128million naira in a fraudulent investment scheme.
43-year-old Olaniyan was arrested following series of petitions by victims alleging that Amos through his company, persuaded them to invest in a network scheme that offered a monthly 30% 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 interest nor get a refund of their capital since 2020. Exasperated, they petitioned the EFCC.
The Commission, in the course of the 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.
Furthermore, it was discovered that DHIL Nigeria Limited, the company used by Amos to scam his victims, was not registered with the Central Bank of Nigeria as a financial institution.
During the raid by EFCC, five exotic cars, three landed properties and other incriminating documents were recovered from the suspect.
He is expected to be charged to court as soon as investigations are concluded.