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15.10.2021 Featured 5 Months After Arrest, Police Yet to Arraign 21-Year-Old Investment Fraudster

Published 15th Oct, 2021

By Tola Owoyele

On its website, Brisk capital Ltd., an Uyo-based company, described itself as a visionary group of companies with an ecosystem that identifies opportunities in the African market.

The company rolled out an investment initiative in which investors were promised a whopping 60 percent return on their capital at the end of every month.

READ ALSO: 500 Investors Lose N2billion to 21-Year-Old Scammer

Dominic Joshua, the 21-year-old CEO of the company, deployed several avenues, including social media platforms and the mainstream media, to woo unsuspecting investors to commit their money.

Dominic Joshua

According to the over 500 investors that would later fall victim to Joshua’s fraudulent scheme, the young CEO always described himself as an investment fund manager, encouraging them to invest in his company’s wide range of opportunities, including bitcoin, forex trading and real estates.

READ ALSO: Helped by Channels TV, Harrison Osemwengie’s HO Corn Farm Stole Billions From Investors

However, it did not end well, as Joshua was later discovered to be a fraudster.

INVESTORS’ LAMENTATIONS

Dominic Joshua

“I invested N500,000 in the scheme but in the end, I had nothing to show for it,” an investor, who asked not to be named, told FIJ.

“Despite all our shouting and screaming, no one has assisted us on how we can get our money back.”

Dominic Joshua

Another investor, who also spoke with FIJ under anonymity, said she invested with the company in January after a promise of 30 percent ROI.

READ ALSO: Freed by a Court, ‘Tush Farmer’ Comfort Ogunlade Disappears With 300 Investors’ N400m

“We agreed that if I chose not to withdraw both my capital and ROI at the end of each month, I would get to enjoy an increased ROI of 40 percent for rolling over till I eventually decided to terminate my investment,” she added.

Dominic Joshua

Unfortunately, when she decided to terminate her investment with the company, nothing came her way in form of returns.

BAN ON CRYPTO CURRENCY, ANNOUNCEMENT OF NEW INVESTMENT OPPORTUNITIES

Dominic Joshua

On February 12, Brisk Capital released a statement in reaction to the Central Bank of Nigeria’s regulation of crypto currency trading.

In the publication, the company made it clear to its investors that it was not in any way affected, making them understand that with its numerous business channels, Brisk Capital’s 12-business structure was solidly built to fulfil its promise of quick, easy and secure investments.

READ ALSO: N128m Scam: How Amos Olaniyan’s DHIL Limited Used Ibadan Radio Programme to Hoodwink Investors

On February 16, the company announced new investment opportunities. This further attracted investors.

On March 22, the company posted yet another teaser on its official Instagram page, asking investors what they did with their ROIs. But that was the last time they heard from the company.

READ ALSO: FIJ Launches Directory of Nigeria’s Biggest Investment Scammers

DOMINIC JOSHUA’S ARREST

Dominic Joshua in Police Custody

In May, and after two months of disappearing with investors’ funds, Joshua was arrested by the Special Fraud Unit of the Nigerian Police Force in Lagos, while attempting to leave the country.

READ ALSO: 40,000 Investors Lose Billions to Cooperative Society Owned by Christ Embassy’s Pastor Miebi Bribena

According to the police, Joshua had diverted over N2 billion investors’ funds to exotic cars, luxury watches, properties in Abuja, Lagos and Port Harcourt, and wild partying.

During interrogation, Joshua confessed to scamming over 500 investors through Brisk Capital. In May, the police said Joshua would be charged to court once the then ongoing strike action by judiciary workers was called off.

“According to the last thing I heard about Joshua, the police are yet to charge him, several months after the judiciary staff workers’ strike has been called off,” an investor said.

READ ALSO: Dapo Abiola’s Voltac Global Capital Robs Investors, Including Students, of N1.8bn

FIJ made several calls to Adekunle Ajisebutu, Lagos police spokesperson’s telephone number, but they were not answered. A text message sent has also not been responded to.

Published 15th Oct, 2021

By Tola Owoyele

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