EFCC’s Arrest at Urban Radio Enugu: Facts of the Matter

Report by Gabriel Ameh, The Legit News

On Monday, October 14, 2024 a team involving four officers of the Enugu Zonal Directorate of the Economic and Financial Crimes Commission, EFCC, visited the Urban Radio 94.5FM, Enugu to invite one Favour Ekoh, host of Prime Time, a programme running at the Station.

Ekoh is undergoing investigation by the Enugu Zonal Directorate of the EFCC in an alleged N700 million Ponzi scheme fraud involving about fifty (50) victims. Following the reports from the victims, Ekoh allegedly lured them into investing in a scheme “Life Trading” in a company, Leverage Index Limited, where they were offered returns on investment of 10 percent of their capitals after a period of time.

This was disclosed in a statement issued on 15th October 2024 by Dele Oyewale Head Media and Publicity EFCC.

According to the statement, the victims alleged that after investing their money into the company, which is located at No. 1 Colliery Street, Okpara Avenue, Enugu State, the company closed its office with no return on investment or principal returned to the victims.  Ekoh allegedly invited the victims into the business and she remained the only link the victims could hold.

At the Radio Station, operatives of the Commission, holding a warrant of arrest for Ekoh, identified themselves as officers of the EFCC. They informed the Managing Director of the Station, Bamikole Owoyomi, about their mission. However, in another development, a staff of the Station called the Chairman of the Radio Station who ordered that the gate of the building be locked in and out, thereby holding the officer’s hostage.  Faced with such hostility, they called for a rescue team which eventually arrested Omoyomi, Ekoh and the two security guards that locked them within the premises of the Station.

Ekoh had to be trailed to the Station for an arrest because the nature of the fraudulent dealings necessitated a sting operation that would foreclose her escape.  She was neither arrested while on air nor any disruption of the lawful activities of the Radio Station. No equipment of the Station was tampered with and she has since been released after being allowed to make a Statement at the Enugu office. Owoyomi and the two security guards were arrested for obstruction of justice as they initially prevented the operatives from carrying out their official duty. They also made statements to that effect and had since been released.

The EFCC holds the media in high esteem both as the fourth estate of the realm and critical stakeholder in the fight against economic and financial crimes and other acts of corruption, but the precipitation and unlawful obstruction of officers of the Commission from carrying out their duties, by staff of the Radio Station is totally unacceptable.  Notwithstanding, the professional credentials of Ekoh, a principal suspect in a Ponzi scheme to the tune of N700m affecting 50 innocent Nigerians, are questionable.  The Commission hereby calls on the International Press Institute, IPI, and the Nigerian Union of Journalists, NUJ, to investigate the conduct of the Station in the light of integrity and ethical professional practice.