Why we raided Enugu radio station – EFCC

Operatives of the Economic and Financial Crimes Commission (EFCC), on Monday, stormed Urban Radio 94.5FM, Enugu. During their operation, a radio host, Favour Ekoh, was arrested in connection with an alleged N700 million Ponzi scheme. According to a statement by Dele Oyewale, the commission’s media and publicity head on Tuesday, Ekoh allegedly lured investors into […]

Operatives of the Economic and Financial Crimes Commission (EFCC), on Monday, stormed Urban Radio 94.5FM, Enugu.

During their operation, a radio host, Favour Ekoh, was arrested in connection with an alleged N700 million Ponzi scheme.

According to a statement by Dele Oyewale, the commission’s media and publicity head on Tuesday, Ekoh allegedly lured investors into a scheme known as “Life Trading,” which was operated by Leverage Index Limited.

The victims were promised a 10 percent return on investment within a specified period.

The case, which reportedly involves about fifty victims, has rocked Enugu, drawing widespread attention to the integrity of media personalities.

EFCC breaks into radio station, arrest presenter during live programme

Alleged N1.6bn fraud: Ex-AGF, EFCC enter plea bargain agreement

Oyewale said: “At the Radio Station, operatives of the Commission, holding a warrant of arrest for Ekoh, identified themselves as officers of the EFCC. They informed the Managing Director of the Station, Bamikole Owoyomi, about their mission.

“However, in a rather strange twist, a staff of the station called the chairman of the radio station ordered that the gate of the building be locked in and out, thereby holding the officers hostage.

“Faced with such hostility, they called for a rescue team which eventually arrested Omoyomi, Ekoh and the two security guards who locked them within the premises of the Station.

“Ekoh had to be trailed to the station for arrest because the nature of the fraudulent dealings necessitated a sting operation that would foreclose her escape or go underground.

“She was neither arrested while on air nor any disruption of the lawful activities of the radio station took place.

“No equipment of the Station was tampered with and she has since been released after being allowed to make a Statement at the Enugu office.

“Owoyomi and the two security guards were arrested for obstruction of justice as they initially prevented the operatives from carrying out their official duties. They also made statements to that effect and have since been released.”