New Telegraph

Alleged N15bn Fraud: Court Admits Suspected Ponzi Scheme Operator To N5bn Bail

Justice Chukwujekwu Aneke of a Federal High Court, Ikoyi, Lagos, has directed an alleged Ponzi scheme operator, Bamise Samson Ajetunmobi, to deposit a sum to the tune of N5 billion into the account of the Deputy Chief Registrar (DCR) of the court, as part of his bail conditions.

The judge equally ordered Ajetunmobi to deposit his international travelling passport with the court’s DCR.

Justice Aneke arrived at the decisions while handing down his ruling on the bail application of the suspected Ponzi scheme operator.

Specifically, Ajetunmobi and his firm, Imagine Global Solution Limited were dragged before the court on an amended 35 counts of conspiracy, and obtaining the sum of N15 billion by the office of the Attorney General of the Federation (AGF).

It would be recalled that the suspected Ponzi scheme operator alongside his company was re-arraigned on Thursday on the amended charge.

In addressing the court while the re-arraignment lasted, counsel for the prosecution, Mrs Kehinde Bode-Ayeni, hinted to the judge that the defendant committed the offence between February 2018 to December 2022, at his office complex located at plot 29a, Adebisi Ogunniyi Crescent, Lekki Phase 1, Lagos.

The prosecutor equally informed the court that among those allegedly defrauded by the defendant the amounts were: Abioye Idiris, N3.5 billion; Chikezie Nwokocha (April Breakthrough Ventures) N1. 760,740 billion; Edith Agu and her three friends, N236,500 million; and Mr Peter Okonye and his wife, Mrs Thelma Okonye, N1.2 billion, and 31 others.

She notified Justice Aneke that the alleged offence contravened Sections 8(a) and 1(1)(a) of the Advance Fee Fraud and Other Fraud Related Offences Act, 2006.

But Ajetunmobi pleaded not guilty to the charge, prompting Justice Aneke to take arguments on the bail application.

In his ruling, Justice Aneke held that “The prosecutor had made a credible submission that the defendant is a ‘flight risk’, as he was arrested by the Interpol in the Ivory Coast, but bail is his constitutional right.”

Justice Aneke adjourned the case until March 13 and 14, 2024, for the commencement of the trial.

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