EFCC arrests company managing director over alleged N11.5m investment fraud


Keystone Bank | Fraud news | EFCC | Stacy-Dan EkPenyong | Akwa Ibom state | Nigeria | University of Uyo | Stewardship Rural Investment Limited

The EFCC arrested Alias Daniel Ekpenyong aka Stacy-Dan EkPenyong for allegedly obtaining N11.5 million through deception.

The 36-year-old is the Managing Director of Stewardship Rural Investment Limited.

The EFCC stated that the suspect will be charged in court as soon as the investigation is completed.


The Economic and Financial Crimes Commission (EFCC) arrested Alias Daniel Ekpenyong aka Stacy-Dan EkPenyong for allegedly obtaining N11.5 million through deception. The 36-year-old is the Managing Director of Stewardship Rural Investment Limited. Following a petition by one Titilayo Bolos Malgwi, he was arrested at the Keystone Bank, University of Uyo branch in Akwa Ibom State. The EFCC stated that the suspect will be charged in court as soon as the investigation is completed.
The EFCC had been looking for the suspect since December 18, 2020, when it received a petition against him.

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