Metro

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

Published

5 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

21 Secondary School Students Arrested Over Cultism In Edo

Published

44 minutes ago

November 15, 2025

Editor

Operatives of the Edo State Police Command have arrested 21 students of Ogioma Public Secondary School, Benin City, for suspected cult activities.

The command’s Police Public Relations Officer, Moses Yamu, who disclosed this in a statement on said the students were between 14 and 17 years old.

According to Yamu, the arrest was made following a foiled attack on Osemwende Public Secondary School, located at Oghoghibi, off Benin–Sapele Road, Benin City by the suspects.

The statement reads, “The Edo State Police Command has arrested 21 students of Ogioma Public Secondary School located at Limit road off Benin-Sapele road, aged between 14 and 17years who are suspected to be cultists.

“This followed a foiled attack on Osemwende Public Secondary School, located at Oghoghibi off Benin–Sapele Road, Benin City.

“On 12th November, 2025 at about 1:45 p.m., operatives attached to the Loveworld Division led by the Divisional Police Officer, acting on credible intelligence, swiftly mobilised to Osemwende Public Secondary School where students suspected to be engaged in cultism from Ogioma Public Secondary School stormed the premises in a convoy of motorcycles, allegedly to carry out violent acts.

“The prompt response of the police led to the arrest of 21 of the invading students namely – Promise Afekokhian (16 years), Samuel John (16 years), Godstime Sunday (15 years), Basit Kareem (14 years), Destiny Lucky (15 years), Miracle Peter (16 years), Victor Innocent (14 years), Osazee Efe (16 years), Usman Adamu (17 years) and Orodge Miracle (15 years).

“Others are Godspower Agharevba (16 years), Favour Ogunde (16 years) Clinton Oghenetega (17 years), Wisdom Ehimen (17 years), Zenith Jonathan (17 years), Steven Monday (14 years), Ogbebor Calistus (17 years), Marvelous Imadefe (15 years), Success Ogar (16 years), Osaro Osama Praise (13 years) and Miracle Bassey (16 years) while others escaped.

“Four knives and a chain were recovered from the suspects. A preliminary investigation revealed that the suspects had earlier circulated a threat voice note, boasting of plans to “stage a war,” burn down the school, and harm students and staff — a threat they attempted to carry out before being contained by police intervention.

“Both school principals have been invited for further questioning, and the arrested suspects have been arraigned in court for prosecution. Eight of the twenty-one suspects were remanded while 13 were released to thier parents/guardians who will inturn produce them on 28th November 2025 for the next court sitting.”

The Commissioner of Police, Edo State Command, Monday Agbonika urged parents and guardians to pay closer attention to the activities and groups their children associate with, both within and outside school environments.

He also called on school authorities to strengthen discipline, report suspicious gatherings or threats promptly, and collaborate closely with the police to prevent juvenile delinquency and violence in schools.

The CP said the command remained committed to ensuring the safety and protection of all residents, especially in schools across the state inline with the Nigeria Police Force Safe Schools Initiative.

Metro

Military Captures Plateau Gunrunner, Recovers Arms

Published

54 minutes ago

November 15, 2025

Editor

The Joint Military Task Force, Operation Enduring Peace (JTF OPEP), has apprehended a suspected gunrunner and recovered several arms in Plateau State.

The suspect, identified as Ishaya Musa, was arrested at the Jebbu Bassa Bypass checkpoint in Bassa Local Government Area on November 14, 2025.

The Spokesman for the Military Task Force, Major Samson Zhakom, confirmed the arrest in a statement on Saturday.

Zhakom said troops recovered several weapons from the suspect, including six fabricated single-barrel rifles, two fabricated revolver rifles, one Dane gun, one expended cartridge, and other sundry items.

According to him, the operation was part of ongoing efforts to curb illicit arms trafficking and enhance national security.

“The suspect and recovered items are in custody for further action,” the statement said.

The military urged the public to remain vigilant and provide timely information to security agencies, especially as the harvest and yuletide season approaches.

“This operation highlights the unwavering commitment of JTF OPEP to protecting law-abiding citizens, preventing the proliferation of illegal weapons, and maintaining peace and stability within the Joint Operations Area,” the statement added.

In another local government in the state, the same task force raided a suspected gunrunner’s hideout in Bokkos Local Government Area of Plateau State, recovering a cache of weapons and ammunition.

The operation was carried out on November 13 at Fashoron Village in Daffo District by Sector 2 (Sub-Sector 2) of the task force.

Our correspondent reports that Plateau State has experienced security challenges for many years, prompting authorities to intensify efforts to restore order.

The suspect’s arrest is the latest in a series of security operations by the joint task force, during which several individuals have been apprehended for alleged involvement in armed robbery, kidnapping and other crimes.

Metro

Father Arrested For Abusing Daughters In Delta

Published

1 hour ago

November 15, 2025

Editor

The Delta State Police Command has arrested a 54-year-old man, Mr. Edward Odega, for allegedly defiling his three daughters in Delta State.

The Command’s spokesperson, SP Bright Edafe, confirmed the arrest on Saturday in Asaba.

According to Edafe, the abuse, which had gone on for seven years, came to light after the Divisional Police Officer of the Ogborikoko Division, CSP Temi Agbede Zuokumor, conducted an enlightenment outreach in a school, during which one of the victims disclosed her ordeal.

He said, “The Command has arrested a father who had been defiling his three daughters for the past seven years.

“The three children are now aged 13, 15 and 24. The disclosure by one of them during the DPO’s school outreach led to the arrest of the father.”

Edafe added that the three children are currently receiving medical attention.

During interrogation, Odega confessed to the crime, admitting: “I have three daughters, and I started sleeping with my first daughter when she was 12 years old.”

He also admitted to defiling the other two daughters, aged 13 and 15.

Edafe noted that the suspect is “in custody” and will be “charged to court to face full prosecution” in line with the state’s laws on sexual offences.

In October, two fathers, Azeez Lamidi and Oyewole Adamolekun, were arrested by the Ondo State Police Command for allegedly impregnating their daughters after multiple incidents of sexual abuse.
(PUNCH)