The Economic and Financial Crimes Commission (EFCC) on Thursday handed over ₦96.5 million in recovered funds to victims of a fraudulent forex investment scheme operated by Oyubu Clement Akpojewve (also known as Justice Nonso Chima), Managing Director of Leverage Index Limited.
The restitution followed a petition filed on September 30, 2024, by Chijioke Ngwu and other victims who accused Akpojewve of luring them into a classic Ponzi operation disguised as high-return forex trading.
Victims were offered two investment “plans”:Monthly Plan: A minimum of ₦2.5 million deposited into a designated UBA account, with investors promised a fixed monthly profit of ₦200,000 (8%) while their capital remained in the scheme.
Live Trading: Any amount transferred for a single-day trading session, with a guaranteed 10% profit paid the next day.
After collecting the funds, Akpojewve allegedly began giving excuses about disputes with trading partners, then shut down his office and went incommunicado.
EFCC investigations established that Akpojewve and his accomplices operated a sham platform, diverting victims’ money through multiple bank accounts to conceal the trail.During the cheque presentation ceremony in Enugu, EFCC Executive Chairman Ola Olukoyede, represented by Enugu Zonal Director Commander CE Daniel Isei, stressed the Commission’s dual mandate of prosecution and restitution.
“Beyond recovering this money, let this serve as a strong lesson,” Isei told the victims. “Many offers that promise quick, guaranteed riches are too good to be true.
Be vigilant, do proper due diligence, and warn your families and friends. The EFCC is working for Nigerians, but prevention is always better than cure.”One of the beneficiaries, Ukwu Ernest Ikechukwu, who received ₦19.9 million, openly praised the EFCC’s professionalism.
“I will personally write about the Enugu Zonal Directorate because nobody asked me for one kobo throughout the process,” he said.
“This is the first time I’ve seen a government agency actually deliver. If others emulate the EFCC, Nigeria will be a much better place.”
The EFCC reiterated its commitment to tracing and returning every kobo stolen from Nigerians through economic and financial crimes.
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