NIGERIA POLICE APPREHENDS 21 YEAR OLD IN FOR FRAUD
Oru Leonard
The Nigerian Police Special Fraud Unit (SFU), Lagos, has arrested one Dominic Joshua Ngene for allegedly diverting investors’ fund worth over N2 billion.
The 21-year-old is the Managing Director/Chief Executive Officer of Brisk Capital Limited.
Ngene, an indigene of Ebonyi State but who operates from Uyo, the Akwa Ibom State capital, was arrested following petitions to the unit by several investors.
He is said to lure his victims via social media platforms such as Instagram, Facebook and LinkedIn, as well as newspaper publications where he claimed to be a financial investor that manages funds for individuals and companies.
Victims were conned to invest in Bitcoin, FOREX trading, real estate and oil and gas, with a promise of quick and 60 percent Return On Investment per month on every fund invested.
The police said funds belonging to over 500 investors were diverted to sponsor extravagant lifestyle, exotic cars, luxury watches, real estates in Lagos, Abuja and Port Harcourt.
According to the SFU, the suspect has confessed to the crime, but pleaded to be given time to return the monies.
The SFU said some of the properties and items purchased with the diverted funds have been recovered from him, and he will be charged at the Federal High Court soon.
Anderson Bankole, commissioner of Police in charge of the SFU, advised the public to be wary of investment and portfolio managers that suspiciously promised very high returns.
He noted that the SFU was willing to provide credible information to genuine prospective investors who approach the unit for background checks.
Bankole assured that the unit will not relent in its efforts towards bringing fraudsters that are giving the country a bad name to book.
