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







Ridiculous quest there. What happened after? Good luck!
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