The Benin Zonal Order of the Committee on Finance and Finance [EFCC] has arrested the opinion of David Wealth Ezuzu, an investment fraudster.
Justice Efe Ikponmwonba of the Edo State Supreme Court, Benin City convicted Ezuzu of the N5 billion scam.
Ezuzu, the chief executive of Arerben Ventures, an investment firm, has been accused of fraudulently obtaining over N5 billion from the public in the form of investing in the company. forex trading.
The fee reads: “” you, David Wealth Ezuzu (trading under the name and form of Arerben ventures) sometime between January 11th, 2020 and March 1st, 2021 at Edo State in the jurisdiction of this Court of Honor bequeathed the company. amounting to N15,2000,000 (Fifteen Million, Two Hundred Thousand Naira) out of a total of N5,458,171,996.95 (Five Billion, Four Hundred and Fifty -eight Million, One Hundred and Seventy -one Thousand, Nine Hundred and Ninety -six Naira. Kobo) received by you at your Access Bank number: 0795689642 from unsuspecting members of the public such as investing in Forex trading at your Guaranty Trust Bank 0114467985 in the name of Ezuzu David with the knowledge Doing that which came from the wrongdoing of Ezuzu David. , Namely: the receipt of money by fraudulent fraud and therefore commits an offense contrary to Section 17 (a) of the Crimes Commission (Establishment) Act, 2004 and is punishable under the section 17 (b) of the s and Act ”.
The defendant pleaded guilty. At his request, attorney Francis A. Jirbo asked the court to punish and punish him accordingly.
However, lawyer A. Afamefena asked the court to reduce the judgment with mercy because the victims would be compensated.
Justice Ikponmwonba was sentenced and sentenced Ezuzu to three (3) years in prison with a fine of two million Naira.
His company, DWArerben Global Investment, was fined and fined N2 million.
The company will be fined and the balance of N1,099,503.08 in its account will be released to the Federal Government through the EFCC for reimbursement to the victims.
The judge also ordered the withdrawal of N102, 131.45 in the defendant’s bank account and five other funds (David Wealth Ezuzu Zenith bank account no: 2179944006, David Ezuzu Guarantee Trust. Bank account no: 0046882751, David Ezuzu Standard: chartered bank account 5005093998, David Ezuzu Wema Bank number: 025183759; 0620469522; 0620485793; 0620485786; 2009369467 and Prestana Enterprise Sterling Bank number: 008193 to Federal Crimes of Criminal Justice Sterling Government No.
The court again ordered the defendant to leave the Federal Government through the EFCC for the benefit of the victims of these assets:
1. 5 Bedroom duplex and security house situated at Plot 3 Block 7 Kewkagbor Family Layout, Off Ibusa Road, Asaba, Oshimili South LGA, Delta State.
2. Land available at Okotomi Layout, Obadogwugwu Quarters, Okpanam Quarters, Ibusa Road, Asaba, Oshimili North LGA, Delta State.
3. Property is located in Anieluenonu New Layout, Obadogwugwu Quarters, Okpanam, Asaba, Oshimili North LGA, Delta State.
4. 5 Bedroom duplex with bungalow situated at 12 Okwunze Street, Off Stadium Road, Oshimili South LGA, Delta State.
5. Two three -bedroom and 2 -bedroom stores in Obiaje family land, Off Asaba, Oshimili South LGA Delta State.
6. Property land, Plot 27 is located at Umayi Umuezeafadia Family land, Okosolo, Asaba-Benin Road in Oshimili South LGA, Delta State.
7. Bungalow is located at RN Okonkwo street, Ogbeowelle Quarters, Okpanam, Oshimili North LGA, Delta State.
8. 26 Heka of land located in Ngbo Ofoke Village, Asaba, Delta State.
9. Three furniture stores in 3 locations are located at Obduogwu Family.land, Opposite NNPC Filling Station, Asaba, Delta State.
10. A piece of land measuring about 200ft By 200ft (1 Acre) lying and located on Elibujor ogne- of Layout by Benin- Asaba Expressway.
It was also ordered to be released: one leaf of Keystone banker’s bag of wealth (N400,000), 13 leaflets of Zenith banker’s marks valued at N115,000,000, 10 leaflets of check of Guaranty Trust Bank manager valued at N61,700,0208 leaflets of First. The figure was estimated at N33,550,000 and 2 leaflets of the City Monument Bank official’s mark were at 300,000.