Metro

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

Published

11 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

Police Arrest Mother, Daughter Over Alleged N18m Romance Scam

Published

14 minutes ago

May 28, 2026

Editor

Operatives of the Nigeria Police Force National Cybercrime Centre, NPF-NCCC, have arrested a woman and her daughter over their alleged involvement in a romance scam that reportedly defrauded a Malta-based victim of more than N18 million.

The police disclosed that the arrests followed investigations into allegations bordering on computer-related fraud, identity theft, and money laundering after receiving intelligence from the Nigerian Financial Intelligence Unit, NFIU.

In a statement issued by the Acting Police Public Relations Officer, DSP Uwana Imah, the suspects were identified as 39-year-old Urowhe Diana and her 22-year-old daughter, Rokibat Oluwasheyi Imoru.

According to the statement, preliminary investigations revealed that a Lagos resident identified as Emmanuel Amanfo, who is currently at large, allegedly collaborated with Rokibat Oluwasheyi Imoru to open and operate multiple bank accounts used in carrying out fraudulent transactions.

“One of the victims was identified as a resident of Malta whose identity has been withheld,” the statement said.

The police further disclosed that proceeds from the alleged romance scam were transferred through money transfer operators and direct deposits into several Nigerian bank accounts belonging to Rokibat Oluwasheyi Imoru.

Investigators also alleged that the funds were later moved into an Ecobank account owned by Urowhe Diana, where the money was allegedly spent.

According to the statement, forensic analysis of the suspects’ digital activities allegedly linked both mother and daughter to the cybercrime operation, leading to their eventual arrest.

The police added that efforts were ongoing to apprehend Emmanuel Amanfo, who was described as the husband of Urowhe Diana and stepfather of Rokibat Oluwasheyi Imoru.

“Investigation into the matter is still ongoing, and the suspects will be charged to court upon conclusion of investigations,” the statement added.

The Nigeria Police Force reiterated the commitment of the Inspector-General of Police, IGP Olatunji Rilwan Disu, to safeguarding Nigeria’s cyberspace and tackling cybercrime across the country.

The NPF-NCCC also urged members of the public to report suspicious cyber-related activities through its official online reporting portal and designated communication channels.

Metro

Edo Police Arrest Two Suspected Cultists

Published

18 hours ago

May 27, 2026

Editor

The Edo State Police Command on Wednesday said two suspected cultists were arrested in Ohonre community, off Adolor College Road, Benin.

This was disclosed in a statement by the command Public Relations Officer, Eno Ikoedem, and made available to newsmen electrically.

Ikoedem said the arrest was possible due to operatives response to a distress report concerning the movement and gathering of some suspected cult members within the community.

The statement reads: “The Edo State Police Command has recorded another operational breakthrough following the swift disruption of a suspected cultists’ gathering in Ohonre Community, off Adolor College Road, Benin City.

“On 21st May, 2026, at about 19:00hrs, operatives attached to Ugbowo Division who were on surveillance patrol responded to a distress report concerning the movement and gathering of some suspected cult members within the community.

“Acting promptly on the information, the police team mobilized to the location. On sighting the operatives, the suspects fled in an attempt to evade arrest. The operatives immediately gave them a hot chase, leading to the arrest of two suspects identified as Victor Peter ‘M’, 21 years and Iyemoma Ogbewe ‘M’, 35 years.

“A search conducted on the suspects led to the recovery of one cut-to-size gun believed to have been in their possession for unlawful purposes.

“Upon investigation, the suspects confessed to being members of the notorious Maphite cult group. Efforts are ongoing to identify and apprehend other fleeing gang members.”

She said the Commissioner of Police, Monday Agbonika, commended the swift response of the operatives and reiterated the Command’s resolve to deny criminal elements any opportunity within Edo State.

He further urged residents to continue providing timely and credible information to the Police, assuring that all reports would receive prompt attention.

Metro

Troops Eliminate Two Terrorists, Foil Pipeline Attack

Published

2 days ago

May 26, 2026

Editor

The Nigerian Army says troops have, in the last 24 hours, eliminated two terrorists, rescued four kidnapped victims and foiled pipeline attacks in a series of coordinated military operations across Taraba, Kogi and Rivers.

This is contained in operational updates issued to reporters on Tuesday in Abuja.

According to the reports, troops of 93 Battalion deployed at Akate in the Donga Local Government Area of Taraba engaged suspected terrorists in a forested area, killing two of them.

According to the report, items recovered from the scene include an AK-47 rifle, ammunition, magazines, mobile phones and other personal effects.

In Kogi, it said the troops of 21 Battalion, in collaboration with vigilantes, rescued four kidnapped passengers along the Anyigba–Itobe road in Ofu Local Government Area.

It added that the victims were reportedly abandoned by their captors while attempting to cross a seasonal stream due to sustained pressure from advancing troops.

According to the military, efforts are ongoing to rescue other victims still in captivity.

The report said that troops of 12 Brigade successfully repelled an ambush along Kabba–Okene road while withdrawing from an earlier operation, forcing the assailants to flee with gunshot wounds.

“Meanwhile, in Rivers, troops of 5 Battalion acting on credible intelligence, foiled an attempt by suspected vandals to detonate a crude oil pipeline in Ahoada West Local Government Area.

“The swift response of the troops disrupted the operation before it could be executed, with the suspects fleeing the scene,” it said.