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EFCC declares 24-year-old man wanted over N935m ponzi scheme



Adewale Daniel Jayeoba has been declared wanted by EFCC

The Economic and Financial Crimes Commission, EFCC has declared Adewale Daniel Jayeoba, wanted.

The anti-graft agency alleged that the 24-year-old man is wanted for defrauding victims of over N935 million in investments.

According to the EFCC, Jayeoba ran a company called Wales Kingdom Capital.

He was known as a motivational speaker and investor.


He is from Ori-Ade Local Government in Osun State, used to live at Suit 1004, Providence Centre, MKO Abiola Way, by NNPC Mega Station, Abeokuta, Ogun State.

The notice was announced by the agency’s Head, Media and Publicity, Wilson Uwujaren;

Adewale Daniel Jayeoba

“The public is hereby notified that Adewale Daniel Jayeoba of Wales Kingdom Capital is wanted by the Economic and Financial Crimes Commission (EFCC) in the alleged case of an investment scam.”

The EFCC had arrested Jayeoba’s parents, Emmanuel and Victoria Jayeoba in June, for allegedly defrauding people in a N935million Ponzi scheme.

At the time, Uwujaren said the couple, in complicity with their son (still at large), “operated the scheme in the guise of forex trading.”

The couple was reportedly arrested at their residence in Ibadan, Oyo State.


“They are parents to Adewale Daniel, Marketing Director, Wales Kingdom Capital Limited,” EFCC said.

The father, Emmanuel, was described as a Director in Wales Kingdom Capital; operating about five bank accounts with which he had allegedly received N18,397,913 before he was arrested.

The mother, Victoria, had six bank accounts through which she reportedly received up to N916,607,715.

The anti-graft agency urged anyone with useful information about the wanted man’s whereabouts to contact any of its offices across the country.

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