N5bn Investment Scam: David Ezuzu Jailed Three Years, Loses Nine Asaba Properties to FG

July 7, 2022

The Benin Zonal Command of the Economic and Financial Crimes commission, EFCC on Tuesday, secured the conviction of David Wealth Ezuzu, an investment Fraudster, before Justice Efe Ikponmwonba of the Edo State High Court, Benin City.

According to the EFCC in a statement on Wednesday, Ezuzu, who is the chief executive of Arerben Ventures, an investment company, was arraigned on one count charge of obtaining by false pretence.

He was said to have fraudulently obtained over N5 billion from unsuspecting members of the public on the pretext of investment in forex trading.