The Special Fraud Unit, Lagos, has arrested one Dominic Ngene Joshua, the Managing Director/Chief Executive Officer of Brisk Capital Limited, for allegedly diverting investors’ fund worth over N2 billion.
Twenty-one-year-old Mr Joshua, 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. Joshua lures 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 per cent Return On Investment per month on every fund invested. Funds belonging to over 500 investors were diverted to sponsor extravagant lifestyle, exotic cars, luxury watches, real estates in Lagos, Abuja and Port Harcourt.
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.