The Economic and Financial Crimes Commission, (EFCC) has arrested 43-year-old company executive, Amos Olugbenga Olaniyan for alleged N128 million fraud in Ibadan, Oyo State. Olaniyan, according to a statement sent on Friday by the EFCC Head of Media and Publicity, Wilson Uwujaren, was arrested following a series of petitions by victims. The petitioners alleged that the suspect through his company, DHIL Nigeria Limited popularly known as Crime Alert Security Network Investment, persuaded them to invest in a network scheme which offered monthly 30 percent returns on investment. The statement read: “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 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.