Metro

Alleged Fraud: I Was Deceived Into Investing $10,000 – Warri Fish Farmer Tells Court

Published

4 months ago

June 20, 2025

A Warri-based fish farmer, Mr Edafe Imirike, on Friday, told the Federal High Court in Abuja that he was deceived into investing the sum of 10,788 dollars and 64 cents in Afriq Arbitrage System (AAS) Ltd, a cryptocurrency platform.

The company is charged with advance fee fraud by the Economic and Financial Crimes Commission (EFCC).

Imirike, the 1st prosecution witness (PW-1), told Justice Obiora Egwuatu while being led in evidence by the Economic and Financial Crimes Commission (EFCC)’s legal team led by Geraldine Ofulue with Martha Babatunde.

The witness, who identified Mr Jesam Michael, the Chief Executive Officer (CEO) of AAS Limited, in court, said Michael assured him of the safety of his money before investing.

“In 2022, October to be precise, my sister, who resides in Canada, told me about Afriq Arbitrage System (AAS) Limited, and I joined the telegraph platform which was owned by the defendant.

“He told me what to expect.

“He showed me a CAC (Corporate Affairs Commission) document and EFCC certificate to show that the platform was legit.

“I invested the sum of 10,778 U.S. dollars and 64 cents from my fish farming,” he said.

He said he also invited two of his uncles onto the platform.

During cross-examination by the defence lawyer, Uchenna Njoku, SAN, the witness admitted that he invested his money because he was convinced that the investment was genuine.

“You will not have invested if you believe it was a crime?” the lawyer asked.

“I invested based on the CAC and the EFCC certificates and that the platform was genuine.

“That our capital will be secured. I never knew he had the spare key to take the money whenever he wished,” he responded.

When asked if his uncles and sister were still alive, the witness responded in the affirmative.

“Did any one of them give you a letter of authority to represent them?” Njoku asked.

“I manage the account. I can’t remember if they gave me a letter,” he responded.

When asked if he had received returns on his investment, he responded in the affirmative.

“Just as you receive returns on the investment in your name, so your uncle and others did,” the lawyer asked, and Imirike said, “We received.”

The witness said he indicated in his extrajudicial statement the returns on his investment.

“I withdrew a total of 137 dollars,” he said.

He agreed that he withdrew his first petition against the company at the police station, but based on the assurance that he would get his invested money back.

When the lawyer put it to the witness that he wrote at the police station that he invested the sum of 10,788 U.S. dollars and 74 cents, Imirike said it was incorrect.

When Njoku also confronted Imirike with a question that he collected the returns of 11,910.00 U.S. dollars, the witness said it was not correct.

“It was because you realised you had withdrawn more than you invested that you decided to settle with the defendant?” the lawyer asked.

“Not correct,” the witness said.

“In full and final settlement of all your interests, the defendant undertook to give you the total sum of N1 million and a 2016 Toyota Corolla, and he did,” the lawyer said.

“Not correct,” the witness responded.

Imirike, however, said that the N1 million and the car given to him were not for settlement but for compensation.

He said he had sold the car.

“I suggest to you that the only reason you filed your petition on May 8, 2025, was because you heard the defendant had been arraigned in court and you felt you could get a second bite,” the lawyer said, but the witness said it was not correct.

Justice Egwuatu adjourned the matter until June 27 and July 4 for the continuation of the trial.

The News Agency of Nigeria (NAN) reports that Justice Egwuatu had, on June 10, ordered the remand of Mr Michael in Kuje Correctional Centre over alleged investment fraud.

The judge, in a ruling in Michael’s bail application shortly after he was arraigned by the EFCC, refused his bail plea on the grounds of the gravity of the offence and the weight of evidence against him.

Justice Egwuatu agreed with the argument of the EFCC’s lawyer, Babatunde, that despite the instant charge, more petitions were still being received by the commission and other security agencies from victims of the Ponzi scheme of the defendant.

The judge observed that the anti-graft agency, in its argument, also submitted that its further investigation had revealed that there were over 50,000 investors in Michael’s failed investment scheme.

He also held that the victims were aggrieved and it would be in his own safety to remain in government custody pending the conclusion of the trial.

The judge, however, ordered an accelerated hearing of the trial.

NAN reports that the EFCC had, in the charge marked FHC/ABJ/CR/134/2025, dragged Michael and his company, a cryptocurrency trading platform, to court as 1st and 2nd defendants.

The commission, in the seven-count charge bordering on money laundering and advance fee fraud, among others, accused Michael of investment fraud involving 844,416.36 U.S. dollars, N590 million and another 10,000 U.S. dollars.

The EFCC alleged that Michael and his company, between September 2022 and June 2023 in Abuja, while not being a bank or an authorised entity to take deposits, invited the public through advertisements to deposit funds with Afriq Arbitrage System Limited.

This, according to the commission, is in contravention of Section 44(1) of the Banks and Other Financial Institutions Act, 2020, and is punishable under the same Act.

NAN observes that at Friday’s sitting, a crowd of victims stormed the court to observe proceedings.
(NAN)

Metro

Man Stabs Friend To Death Over Woman In Ilorin

Published

1 day ago

October 23, 2025

Editor

The Kwara State Police Command has confirmed that a 21-year-old Gafar, on Tuesday evening, allegedly stabbed 25-year-old Usman Tunde to death during an argument over a choice of woman in Ilorin.

The state police spokesperson, SP Adetoun Ejire-Adeyemi, said the command received a distress call around 2:30 am on Wednesday and promptly dispatched officers to the scene.

She said the police team that went to the culprit couldn’t find him, as he and the entire extended family in the family compound had fled to an unknown destination.

The Guardian Newspaper reliably learnt that Gafar and Usman, from Ile Olowo in the same area, were close friends in the neighbourhood of Oja Gboro.

According to an eyewitness, the deceased and his alleged killer started the argument over a woman in the Oja Gboro at a sugarcane vendor stand.

A police source (names withheld) later informed that the light argument later degenerated to a violent confrontation with Gafar, allegedly stabbing Tunde in the chest with a knife.

“We heard that they were arguing over a girlfriend they were both interested in, and that before the passers-by could stop them, Gafar had allegedly brought out a knife and stabbed and killed his friend,” the police source added.

Meanwhile, the victim, a resident of Ile-Soro 2, in Oja Gboro, Ilorin, was immediately rushed to a nearby hospital, from where he was referred to the General Hospital, Ilorin, where he was confirmed dead on arrival.

Metro

Nigerian Military Kills 50 Jihadists During Army Base Raids

Published

1 day ago

October 23, 2025

Editor

Nigeria’s military said on Thursday it had killed 50 armed insurgents using drones to carry out multiple attacks on army bases in the volatile northeast.

The authorities in Africa’s most populous country and one of its powerhouses have been fighting the Boko Haram jihadist group and its Islamic State West Africa Province (ISWAP) splinter for 16 years.

The groups are seeking to establish a caliphate in the northeast.

In the early hours of Thursday, troops aided by fighter jets engaged insurgents who had launched coordinated attacks on bases in the towns of Dikwa, Mafa, and Gajibo in Borno state, as well as in Katarko in neighbouring Yobe state, a military spokesman said in a statement.

The military did not say which faction was behind the attacks, but intelligence sources told AFP that ISWAP militants were responsible.
“The combined ground and air efforts resulted in the neutralisation of over 50 terrorists across all the locations,” Lieutenant Colonel Sani Uba, said in the statement.

Ground and aerial pursuits were still ongoing to track down “over 70 of the wounded” insurgents, Uba said.

Soldiers seized dozens of kalashnikovs, machine guns and rocket-propelled grenades (RPGs) from the militants, he said.

In a post on X, the army shared pictures showing soldiers standing over a row of several dead bodies said to be of jihadist fighters and their weapons at one of the targeted military bases.

Uba said several soldiers were wounded in the fighting, without giving numbers.

“Some vehicles and buildings were also gutted by fire from the terrorists’ armed drones and RPG fire during the battle, especially in Mafa and Dikwa, where a part of the defences were momentarily breached,” he said.

Armed insurgents are increasingly using drones, often commercial models modified to drop bombs or grenades.

A resident in Mafa showed AFP videos and pictures from the area showing the charred carcasses of several trucks and said the militants had set them ablaze during the attack.

Mafa locals said the trucks were mostly laden with cement heading to Chad, whose drivers had parked for the night for fear of militant attacks on the highway.

The conflict has killed more than 40,000 and displaced around two million people in northeastern Nigeria.

It has spilled over into neighbouring countries, prompting the creation of a regional military coalition to combat the Islamist groups.

Earlier this month, at least 14 soldiers were killed in two attacks in Borno state blamed on insurgents — one at an army base, the other when a military convoy was ambushed.

Since 2019, soldiers have shut down some smaller army bases and moved into larger, fortified garrisons known as “super camps” in an attempt to better resist militant attacks.

Metro

Nnamdi Kanu Protest: Court Fixes Oct 29 To Hear Police Suit Against Sowore, Others

Published

1 day ago

October 23, 2025

Editor

The Federal High Court in Abuja has fixed October 29 for the hearing of the suit filed by the police against Omoyele Sowore and other conveners of the #FreeNnamdiKanuNow protest held on October 20.

The suit, originally scheduled for October 20 for the respondents in the ex parte motion to show cause why the interim order made by the court should be vacated, could not proceed.

The hearing was stalled as a result of the protest, which was held on the same day, crippling the court activities at the Federal High Court in Abuja.

Justice Mohammed Umar had issued an interim order restraining Sowore and others from protesting for the release of Nnamdi Kanu in some sensitive areas in Abuja.

Justice Umar barred the protesters from demonstrating around the Aso Rock Villa, National Assembly, Force Headquarters, Court of Appeal, Eagle Square and Shehu Shagari Way, pending the hearing of the motion on notice.

The judge also made an order of abridgement of time “within which the respondents will respond to the application on notice to cause the ex-parte order be set aside on Monday, the 20th of October, 2025 at 9.00am,” before adjourning until Oct. 20 for hearing of the motion on notice.

The order followed the ex parte motion moved by the police lawyer, Wisdom Madaki, on behalf of the Federal Republic of Nigeria (FRN), on Friday.

The Police Force, in the ex parte motion, marked: FHC/ABJ/CS/2202/2025, had sued Sowore, Sahara Reporters Ltd, and Sahara Reporters’ Media Foundation as 1st to 3rd respondents.

The force also joined the Take It Back Movement, TIB, for the Transformation of Nigeria, Or Any Form of Organization or Person (s) acting with Either Express or Implied Instruction, or Any Other Organization or group with a similar intention; and Unknown Persons as the 4th to 5th respondents, respectively.

In the affidavit supporting the ex parte motion, Bassey Ibithan, a police officer attached to the Directorate of Legal Services at Force Headquarters, Abuja, averred that if not granted, the protest might threaten national security.

DAILY POST reports that Sowore had planned to organise the protest for the release of Kanu, the detained leader of the proscribed Indigenous People of Biafra, IPOB.

The 2019 and 2023 presidential candidate of African Action Congress, ACC, had mobilised for what he called a planned peaceful protest against Kanu’s detention on October 20.

A number of persons were reported to have been arrested during the protest, including Kanu’s special counsel, Aloy Ejimakor, who is billed for arraignment on October 24 at a Kuje Magistrate Court in Abuja.