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30.12.2021 public-servant UPDATED: 8 New Names Join FIJ’s Directory of Investment Scammers

Published 30th Dec, 2021

By Emmanuel Uti

The Foundation for Investigative Journalism (FIJ) has opened a directory of fraudulent investment businesses in the country.

The move was necessitated by the deluge of investment scam complaints sent to FIJ’s editorial email, [email protected], by members of the public since February 19, 2021, when FIJ published the story: “EXPOSED: Mizwanneka, Fraudulent Online Vendor Who ‘Attracts Customers with Kayan Mata’ But Doesn’t Deliver Their Orders”, and the March 4 story,

READ MORE: EXPOSED: Mizwanneka, Fraudulent Online Vendor Who ‘Attracts Customers with Kayan Mata’ But Doesn’t Deliver Their Orders

Those cases of fraud were about hair vendors, but majority of the complaints have since been about out-and-out investment scams promising impossible Returns on Investment (RoIs). Since March 4, FIJ has published at least 27 scam-related stories.

READ MORE: ‘EXPOSED: How Ireti Doyle’s Daughter, Kachi Onyeluo, Duped Hair Enthusiasts of Over N40million’.

“We have virtually become Nigeria’s investment scam newspaper,” observed ‘Fisayo Soyombo, Founder/Editor-in-Chief of FIJ.

READ MORE: MBA Capital’s Maxwell Odum Made N171bn from Investors. Now he’s Nowhere to be Found

“This was not the plan when we launched out on January 20 with the intention to combine social-justice coverage with our investigative reporting. But our ultimate discovery is that there are people who are genuinely gullible, so we want to try and help them with this one-stop link spotlighting Nigeria’s most notorious investment scammers.

“The well-worn modus operandi of investment scammers, when they reappear after months or years of disappearance, is to make slight alterations to their personal identities or business names. The tricks are always the same. We hope this directory saves a few people from falling prey to slick, sweet-talking investment scammers.”

READE MORE: After Defrauding Investors of Close to N40bn Through Wales Kingdom Capital Company, Adewale Jayeoba Disappears

FIJ’s investment scam directory will be updated bimonthly and re-published on our homepage, but the public need not necessarily visit our homepage to retrieve it. The keywords ‘Investment Scam FIJ’ should always produce it.

Name/Promoters CompanyAmount involvedLinkNumber of people duped
1.Diekola Onaolapo, Chinemelum Agulonu & Maxwell OsujiNNB Capital & Investments LimitedMore than N138 millionhttps://fij.ng/article/how-nnb-capital-investment-limiteds-billionaire-promo-ended-in-n138m-heartbreak-for-30-winners/30 winners
2.Dominic JoshuaBrisk CapitalN2 billionhttps://fij.ng/article/500-investors-lose-n2billion-to-21-year-old-scammer/500 investors
3.Standard Alliance Standard Alliance Insurance CompanyMore than N14.6 millionhttps://fij.ng/article/national-assembly-watches-as-standard-alliance-escapes-with-investors-n14-6m/More than 15 investors
4.Kachi Onyeluo, vigorously promoted by Ireti DoyleKachi’s Beauty ProductsMore than 40 Millionhttps://fij.ng/article/exposed-how-ireti-doyles-daughter-kachi-onyeluo-duped-hair-enthusiasts-of-over-n40million/More than 61 investors
5.Solomon Kalu, Clinton UweshiTonso EliteApproximately N10billionhttps://fij.ng/article/how-tonso-elites-solomon-kalu-clinton-uweshi-vanished-with-4000-investors-n10bn/4,000 investors
6.Adeyeye Enitan Ogunwusi, the Ooni of Ife Adeyeye Enitan Ogunwusi, the Ooni of Ife and his Gran Imperio Group of companiesUnconfirmed amounthttps://fij.ng/article/how-ooni-ogunwusis-companies-executed-the-biggest-fraud-in-nigerias-real-estate-history-and-got-away-with-it/Hundreds of investors
7.Nwanneka Dorcas NkumahMizwanneka hairUnconfirmed amounthttps://fij.ng/article/exposed-mizwanneka-fraudulent-online-vendor-who-attracts-customers-with-kayan-mata-but-doesnt-deliver-their-orders/Hundreds of investors
8.Ife OniyideIfe Oniyide’s Remnikes Agricultural Produce and Services LimitedN650,000https://fij.ng/article/ife-oniyides-livestock-investment-firm-goatti-defrauds-lady-of-n650000/One person
9.Maya OkonMaya DesireMore than N41 millionhttps://fij.ng/article/after-defrauding-61-investors-of-n41m-and-boasting-of-immunity-against-efcc-arrest-maya-okon-disappears/More than 61 investors
10.Emem AlbanPipminds LtdBillions of Nairahttps://fij.ng/article/using-pipminds-ltd-emem-alban-scammed-2000-investors-of-billions-and-logged-out/2,000
11.Grow Crops Grow Crops OnlineMore than N1.9mhttps://fij.ng/article/how-two-ladies-n1-9m-investment-in-grow-crops-online-became-stunted/More than 2
12.Tessy Akpu OluchiHair by TCMMore than N20 millionhttps://fij.ng/article/instagram-hair-influencer-tessy-oluchi-scammed-investors-of-millions-and-even-asked-them-to-pay-more/
More than 33 people
13Maxwell OdumMBA Forex CompanyN171 billionhttps://fij.ng/article/mba-capitals-maxwell-odum-made-n171bn-from-investors-now-hes-nowhere-to-be-found/12,379
14.Jeremy Desmond WoyensHoneyPays Micro Credit Investment More than N10 millionhttps://fij.ng/article/how-honeypays-jeremy-woyens-left-investors-bitter-before-disappearing-with-their-millions/More than 50
15.Olanrewaju FolarinNeris EnterpriseN500 millionhttps://fij.ng/article/neris-enterprise-ceo-olarewaju-folarin-escaped-with-investors-n500m-now-soldiers-are-beating-up-his-staff/More than 50
16.Pete OkaforAvastone Global LimitedMore than N9mhttps://fij.ng/article/how-pete-okafors-avastone-global-limited-defrauded-investor-of-n9m/More than one
17.Promoted by Tonto Dikeh, Chukwuemeka Amuzie (Brain Jotter), Live TVLive TVUnspecifiedhttps://fij.ng/article/tonto-dikeh-brain-jotter-promoted-live-tv-now-its-scamming-investors/More than 5
18.Michael Oti, promoted by DavidoRacksterliN1 billionhttps://fij.ng/article/biggest-investment-scam-davido-others-help-michael-otis-racksterli-company-dupe-422305-investors-of-n1bn/422,305
19.Sam Afolabi Eatrich Farms N1 billionhttps://fij.ng/article/sam-afolabis-eatrich-farms-owes-staff-and-investors-n1bn-but-arrested-them-for-protesting/Many
20.Ope OmodanisiIndustrial Farmboy LimitedN1.4mhttps://fij.ng/article/ope-omodanisis-industrial-farmboy-company-robs-investor-of-n1-4m/More than one
21.Comfort OgunladeTush FarmerN400 millionhttps://fij.ng/article/freed-by-a-court-tush-farmer-comfort-ogunlade-disappears-with-300-investors-n400m/Unspecified
22.Dapo Abiola Voltar GlobalN1.8 billionhttps://fij.ng/article/dapo-abiolas-voltac-global-capital-robs-investors-including-students-of-n1-8bn/Unspecified
23. Seyi BeckleyPhresh FarmsN500mhttps://fij.ng/article/seyi-beckelys-phresh-farms-church-ministers-rob-1500-investors-of-over-n500m/Unspecified
24.Olayinka AyowoleViyola FoodsN4.7mhttps://fij.ng/article/how-olayinka-ayowoles-viyola-foods-defrauded-two-cassava-investors-of-n4-7m/More than two
25.Dorcas OmamuliFarm FundsMore than N1.5 millionhttps://fij.ng/article/owned-by-dorcas-omamuli-endorsed-by-mr-macaroni-farm-funds-africa-mute-after-taking-investors-millions/More than 5
26.Adewale Jaiyeoba Wales Kingdom Capital CompanyN40 billionhttps://fij.ng/article/after-defrauding-investors-of-close-to-n40bn-through-wales-kingdom-capital-company-adewale-jayeoba-disappears/Many
27.Miebi BribenaBaraza Multipurpose Cooperative SocietyBillionshttps://fij.ng/article/40000-investors-lose-billions-to-cooperative-society-owned-by-christ-embassys-pastor-miebi-bribena/Many
28.Harrison OsemwengieHO Corn FarmBillionshttps://fij.ng/article/helped-by-channels-tv-andrew-osemwengies-ho-corn-farm-stole-billions-from-investors/Unspecified
29.Bamise Ajetunmobi and Elizabeth AjetunmobiImagine Global Solutions N22 billionhttps://fij.ng/article/how-bamise-and-elizabeth-ajetunmobi-fled-with-investors-22bn-after-acquiring-antiguan-barbudan-citizenship/Unspecified
30.Anyanso MmaTheMapN7.5 billionhttps://fij.ng/article/freed-by-efcc-themaps-anyanso-mma-absconds-with-investors-n7-5bn/Unspecified
31.Samuel Uko and Amarachi ChukwudiSU GlobalN3 billionhttps://fij.ng/article/su-globals-samuel-and-amarachi-uko-stole-investors-n3bn-got-married-and-disappeared/6,000
32.Tolulope OyetayoGem IncorporationsMore than N9.5 millionhttps://fij.ng/article/disguised-as-forex-broker-tolulope-oyetayos-gem-incorporations-robs-investors-of-n9-5m/More than four people
33.Abdulhakeem MoradeyoInsha Allahu LimitedN9 billionhttps://fij.ng/article/how-abdulhakeem-moradeyo-used-insha-allahu-limited-to-defraud-investors-of-n9bn/
Unspecified
34.Akor PhilipBenignant Forte Nigeria Ltd.N10 billionhttps://fij.ng/article/akor-philip-wouldnt-pay-investors-their-n10bn-but-his-wedding-cake-cost-n4-5m/Thousands
35.Amos PopogbeInksNationN32 millionhttps://fij.ng/article/released-by-efcc-inksnations-amos-popogbe-to-relaunch-fraudulent-investment-company/Many
36.Mayowa OlukehindeBreach Menders InvestmentN50 millionhttps://fij.ng/article/mayowa-olukehinde-of-breach-menders-collected-n50m-from-investors-now-hes-unreachable/Many
37.Babangida Dalori Galaxy TransportationN7 billionhttps://fij.ng/article/how-babangida-dalori-of-galaxy-transportation-diverted-investors-n7bn-to-forex-property-acquisition/3,000
38.Adoms FrancisAddy FinanceN13 billionhttps://fij.ng/article/after-registering-addy-finance-ltd-with-sec-adoms-francis-used-it-to-strip-investors-of-over-n13bn/Many
39.Samuel OkonkwoCafint ResourcesBillionshttps://fij.ng/article/samuel-okonkwo-invited-investors-to-a-cryptocurrency-opportunity-he-fled-with-their-billions/Many
40.Moses Adebayo SamuelOba Forex Global TradingN2 billionhttps://fij.ng/article/adebayo-samuel-took-n2bn-from-investors-via-oba-forex-global-trading-then-he-disappeared/Many
41.Linda Mabi-Praise Mutano Energy LtdN128 millionhttps://fij.ng/article/how-lagos-senior-pastor-landed-in-jail-over-n128m-fraud/Many
42.Chijioke NwuguoDa CruisifiscoN2.1 millionhttps://fij.ng/article/da-cruisifisco-investments-chijioke-nwuguo-mute-after-taking-n2-1m-from-investors/Many
43.Charles IheanachoFarms 32N32 millionhttps://fij.ng/article/charles-iheanacho-of-farms-32-absconds-with-investors-n8m/Many
44.Segun FayomiPlethora FarmsMillionshttps://fij.ng/article/after-promising-a-fortune-segun-fayomi-of-plethora-farms-robs-investors-of-millions/Many
45.Arize Buchi OzorOkapi NoveltiesN400,000https://fij.ng/article/using-okapi-novelties-ltd-arize-buchi-defrauds-cereal-producer-of-n400000/One
46.Olatunji SamuelSampresh LimitedMillionshttps://fij.ng/article/olatunji-samuel-of-sampresh-ltd-disappears-after-pocketing-investors-money/Many
47.Enitan BelloLet’s FarmMillionshttps://fij.ng/article/enitan-bello-of-lets-farm-unreachable-after-taking-investors-millions/Many
48.Abraham BudaleFarm BuddyOver $50,000https://fij.ng/article/abraham-budale-of-farm-buddy-took-50000-from-us-doctor-now-hes-unreachable/Many
49.UnknownCokodealOver a millionhttps://fij.ng/article/six-months-after-due-date-cokodeal-owes-investor-n1-4m/More than one
50.Tobi IfabiyiFabz CapitalN80 millionhttps://fij.ng/article/tobi-ifabiyi-of-fabz-capital-squanders-over-n80m-investors-money/Many

Published 30th Dec, 2021

By Emmanuel Uti

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