The Economic and Financial Crimes Commission, EFCC, has arrested a married couple for carrying out N935 million scams.

EFCC spokesman, Wilson Uwujaren, disclosed this in a statement in Port Harcourt on Wednesday.

The spokesman revealed the suspects were accused of operating a Ponzi scheme.

According to him, the couple, Emmanuel and Victoria Jaiyeoba, were arrested in their Ibadan home following petitions by their victims.

Mr Uwujaren said: “Emmanuel and Victoria Jaiyeoba are parents of Mr Adewale Daniel, marketing director, Wales Kingdom Capital Limited.

“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,” Mr Uwujaren alleged.

The spokesman added that the suspects received money from their victims through 11 bank accounts registered in the couple’s names.

He said: “Investigation revealed that Emmanuel, who is a director in the company operates five bank accounts and had received N18.398 million from his victims before his arrest.

“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 million,” the EFCC spokesman further revealed.

Mr Uwujaren added that the anti-corruption agency would soon prosecute the suspects.

today's nigerian newspapers headlines