INVESTMENT FRAUD: WITNESSES TELL COURT HOW THEY WERE SCAMMED IN AFRIQ ARBITRAGE SYSTEM. (PHOTO). #PRESS RELEASE.

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 Investment Fraud: Witnesses Tell Court How they were Scammed in Afriq Arbitrage System The Economic and Financial Crimes Commission, EFCC, on Thursday, April 16, 2026, presented Prosecution Witnesses 12, 13, 14, 15 and 16 before Justice Obiora Egwuatu of the Federal High Court, FCT Abuja in the ongoing trial of Jesam Michael Ubi and Afriq Arbitrage System, AAS for their alleged involvement in investment fraud. The witnesses who are victims of Ubi, the first defendant’s arbitrage trading platform, Afriq Arbitrage System, AAS,  testified on the loss of their investment capital and promised return on investment. Led in their testimony by the prosecution counsel,  Ekele Iheanacho SAN, PW12, Okoye Eugene, a welder, told the court that he invested in an investment platform called COTPS which crashed. He disclosed that the first defendant through the investment’s social media group, encouraged him to continue investing even as it became apparent to him that he had been scammed....
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FOUNDER OF OPC DR FASEHUN,SAID OPC IS NOT LICENSED TO CARRY FIRE-ARMS.?

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              According to the founder of  O'dua Peoples Congress {OPC} Dr Frederick Fasehun said today monday that the group was not licensed to carry firearms.He spoke on telephone to pressmen that the organisation had no legal rights to carry arms.''My members know my position on illegal arms possession.They do not carry arms near me if they do so,it is at their own risk and not the organisation.Those making allegations on arms carry must be sure of their facts so as not to be sued for libel.The police at all times must consider circumstances of allegations and evidence on ground in handling allegations of illegal carrying of arms''.The group Deputy Commandant said ''The group had plans of meeting with the Federal Government to make the group a Federal Agency''.Lagos state Police Public Relations Officer,D.S.P Kenneth Nwosu had said that ''Anyone carrying any fire arm must be licensed by the competent authority.So whatever name any group is called,either vigilante or non vigilante,possessing any illegal firearm is a criminal act.If it is not licensed by the Commissioner Police of that particular state,the person will be arrested and charged for illegal possession of firearm''.

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  1. Anonymous12 May 2015 at 01:43

    If we arm any group,we are creating a militia group that may one day create chaos in the country. abeg they should only wield only batons.

    ReplyDelete

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