The Economic and Financial Crimes Commission, EFCC, has handed over N96.5 million to victims of ponzi schemes in Enugu State.
EFCC spokesperson, Dele Oyewale, disclosed this in a statement on Friday in Abuja.
Oyewale said the step was in line with the anti-graft agency’s commitment to combating economic and financial crimes and ensuring restitution for victims of fraudulent schemes.
He said the Commission received a petition, dated September 30, 2024 from one Chijioke Ngwu and others against one Oyubu Akpojewve, also known as Justice Nonso Chima, Managing Director, Leverage Index Limited.
Oyewale said the petitioners alleged that Akpojewve lured them into investing in a ponzi scheme.
“He presented offers to prospective investors in two formats; what he called the Monthly Plan and another one called Live Trading.
”The Monthly Plan required that an investor transfers a minimum sum of N2.5 million or more to a UBA account number for the firm to use and trade in forex.
”After this, a monthly profit of N200, 000. 00 or eight per cent of the total money invested is given to the investor, while the initial capital of N2.5million or more is retained for further monthly trading if the investor so wishes.
“The Live Trading format is such that an investor transfers any amount of money to Leverage Index into the said account for a live trading session on a designated day for the firm to trade with on the same designated day and remit 10 per cent of the total sum transferred initially as profit to the investor the next day”, the petitioners said.
According to the petitioners, after investing the said sum, Akpojewve, who presented himself as a registered forex trader, trading in foreign exchange, started with excuses bordering on disagreement with his trading partners and before they knew it, he shut down his office and became unreachable.
Oyewale said operatives of the Commission swung into action and discovered that Akpojewve conspired with his cohorts to defraud unsuspecting victims of their hard -earned money.
While handing over the recovered money to the victims, EFCC Chairman, Ola Olukoyede, reiterated the Commission’s readiness to combat economic and financial crimes.
Represented by the Enugu Zonal Director of the Commission, Mr Daniel Isei, Olukayode said the Commission would continue to ensure that fraudsters are denied the proceeds of their crime and victims receive their lost funds and properties.
“My own final word, beyond giving you the draft, is that this should also serve as a lesson. We should be more circumspect. We should be more vigilant during every business proposal.
”Some can look too good to be real. We should not be in a hurry to double our money overnight. I think we should learn from this and we should also take it home and talk to our friends, family and our children.
”I hope this will serve as encouragement that EFCC is working for you as Nigerians and secondly, to take home that this is a learning point for you.”
Ukwu Ernest Ikechukwu, one of the victims, who received N19.9 million bank draft commended the Commission for its level of professionalism and integrity in discharging its duties.
Another recipient of the recovered funds, Ikechukwu Ogbunubi who received N10 million, lauded the Commission for its dogged efforts in recovering the whole money.
Other recipients include Temple Lewis Maduka who got N7.5nmillion, Ngwu A, who got N19.4 million, and Alphonsus Umeh who received N7 million.