A 21-year-old ‘businessman’ is now cooling his heels in police custody for conning investors and diverting their money worth over N2billion.
In a statement, the Police Special Fraud Unit (PSFU or SFU) confirmed the arrest of the young man, Dominic Joshua Ngene, the Managing Director of Brisk Capital Limited.
The unit is grilling Ngene, 21, for allegedly deceiving individuals to invest in Bitcoin, forex trading, real estate and oil and gas; then, diverted their investments worth over N2billion for personal use.
The carrot Ngene dangled before his potential victims (investors) was a 60% Return on Investment (ROI) per month on every sum invested; as well as guarantee of the invested principal.
Ngene, who hails from Ebonyi State, reportedly operated the company from Uyo, the Akwa Ibom State capital, the SFU said in the release personally signed by its Commissioner, Anderson Bankole.
The suspect, according to Bankole, directed prospective investors to Instagram, Facebook and LinkedIn, and publications where he purported to a highly successful businessman and financial investor.
Ngene who, since his arrest, is reported to have been singing like a canary, allegedly confessed to the crime but pleaded that he be given time to return the staggering sum.
According to the SFU, operatives found that Ngene diverted the funds of over 500 investors and lived large like a king, living extravagant lifestyle, holding weird parties, acquiring exotic cars and luxury watches, as well as real estates in Abuja, Lagos and Port-Harcourt.
“Some of the properties/items purchased with the diverted funds have been recovered as exhibits while the suspects will be charged to the Federal High Court as soon as the strike by Judiciary Staff Union of Nigeria (JUSUN) is called-off,” said Commissioner Bankole in the press statement.
The SFU advised Nigerians to be weary of weird and outlandish investment propositions as well as sweet-talking portfolio managers who usually promise high returns to investors.
