The Head, EFCC
Media and Publicity, Mr. Wilson Uwujaren, said the broker, Bioye Eluwole, 54,
allegedly sold 300,000 units of shares belonging to one of his clients without
authorisation.
Uwujaren said,
“The shares, spread over 16 different companies, were reportedly warehoused in
his firm, Bytofel Trust and Securities Limited, but were confirmed sold by the
Central Securities Clearing System, when the client sought to confirm the
status of his investments.
“Investigations
showed that Eluwole indeed sold all the shares. Other investors who had their
shares with his company and whose shares had also been sold without their
knowledge also accused Eluwole of duping them of their investments.”
The EFCC spokesman
said the commission had concluded arrangements to prosecute the stock broker.
“The suspect will
soon be arraigned in court for stealing, fraudulent sale and conversion of
shares,” He added.
In a related
development, the EFCC says it is poised to arraign two commercial motorcycle
operators for offences bordering on currency counterfeiting.
Uwujaren said,
“The suspects ─ Oluwatosin Olanrewaju, 34, and Ojeniyi Oluwasegun, 34 ─ were
arrested by operatives of the Department of State Security, at Igboho in
Orelope Local Government Area of Oyo State, with 49 pieces of suspected fake
Nigerian currency notes (One Thousand naira denomination ) and one piece of
10,000 CFA note.”
He said the
suspects were nabbed while trying to exchange the fake currencies for genuine
ones from some unsuspecting members of the public.
Punch
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