The Economic and Financial Crimes Commission (EFCC) has categorically denied arresting an Urban Radio 94.5FM presenter on air, claiming that the allegations are unfounded and that its operatives acted within the bounds of the law.

The EFCC spokesman, Dele Oyewale, said this in a statement on Tuesday in Abuja.

According to Oyewale, contrary to the claim of the radio station, the operatives of the anti-graft agency did not tamper with the equipment of the radio station.

He said that the operatives of the commission comprising four officers had on Monday went to Urban Radio 94.5FM, Enugu to invite one Favour Ekoh, host of Prime Time, a programme running at the station.

”Ekoh is being investigated by the Enugu Zonal Directorate of the EFCC in an alleged N700 million Ponzi scheme fraud involving 50 victims.

”According to the victims, he allegedly lured them into investing in a scheme “Life Trading” in a company, Leverage Index Limited.

“They were offered returns on investment of 10 per cent of their capital after a period of time.

”They alleged that after investing their money into the company located at No. 1, Colliery Street, Okpara Avenue, Enugu, the company closed its office with no return on investment or principal returned to them.

”Ekoh remained the only link the victims could hold,” he said.

He said that operatives of the commission, who approached the radio station, holding a warrant of arrest for Ekoh, identified themselves.

He said that instead of allowing them to carry out their assignment, they were held hostage by the station.