Ekuma-Ezeogo Fabian Tochukwu, a Nigerian law graduate, has been found guilty of defrauding individuals through a Ponzi scheme, according to the Economic and Financial Crimes Commission (EFCC).
Tochukwu was charged and sentenced before Justice Darius Khobo of the Kaduna state high court.
According to an EFCC statement made on Tuesday, March 15, Tochukwu defrauded individuals by creating a fake Facebook account under the name Ogboi Ijeoma.
According to allegations, he duped Duniya Precious Theophilu and her friends into investing N170,000.00 in an online Ponzi investment scheme called Jian Investment, after which he vanished.
The amended charges against him reads:
“That you, Ekuma-Ezeogo Fabian Tochukwu, “M” sometimes between the months of May and June, 2020, in Kaduna, within the jurisdiction of this Honourable Court, dishonestly misappropriated the sum of N170,000.00(One Hundred and Seventy Thousand Naira) only paid to you by one Duniya Precious Theophilus for Jian Investment, which you promised to give Hundred Percent interest of money paid to you as return on investment, a pretence you knew to be false, and you thereby committed an offence contrary to Section 293 of the Penal Code of Law of Kaduna State, 2017 and punishable under Section 294 of the same Law.”
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