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How I Lost N2 Million Due to an Investment Scam – Businesswoman

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4 years ago

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Omotola Oyewole, a businesswoman, told an Ogba Magistrate’s Court how she lost N2m in an investment scam.

 ....KINDLY READ THE FULL STORY HERE▶

 

On Monday, Oyewole testified in the trial of a defendant, Abayomi Owolabi, before Magistrate L.A. Owolabi.

 

 

It was learned that the complainant and Abayomi were friends prior to the event in June 2022.

 

 

“He (Abayomi) said he was an investment banker with Multibank Group,” Oyewole said.
I would overhear him having phone chats with folks about their returns.
He would also try to persuade others to invest from time to time.
He would encourage me to invest as well, but I was apprehensive at first.
However, anytime I was with him, he would receive calls and discuss the investment.
“I later transferred N2 million to him.”
I initially gave him some on June 6, 2022, and then again on June 9.
He stated that dividends would be paid on the fifth of each month, beginning the next month.
On June 30, I asked him about the dividends, and he told me not to worry.
But he has subsequently ignored me, ceased communicating to me, and even stopped answering my phone calls.”

 

 

According to the woman, the defendant eventually returned his call on July 4 and informed her that she might not receive any returns on her investment.

 

 

“When he eventually chose on July 4, he advised me to double-check the MoU because I might not get any ROI.”

“I went to a police station when I saw that he wasn’t forthcoming. They invited him and when he got there, he was talking with so much pride. They asked me what I wanted and I said he should write an undertaking on when he would pay me. He wrote an undertaking to pay back on August 26, but he didn’t pay. I went back to the station but I felt that I wouldn’t get justice in that station. So, I went to the state police command and they invited him,” she added.

In his defence, Abayomi told the court that he also lost his money to the scheme, adding that he had paid the sum of N1,050,000 since the invitation by the police.

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Crime

THE ULTIMATE PUNISHMENT: Secret Police Reject Soft Sentence, Call For Execution Of Notorious Oyo Kidnappers!.

Published

3 days ago

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July 23, 2026

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  • Appeal Intent: The Department of State Services (DSS) announced plans to appeal the life sentences given to three men involved in the Oriire, Oyo State school abduction, as the agency feels the punishment does not fit the severity of the crimes.....KINDLY READ THE FULL STORY HERE▶

    • Call for Capital Punishment: The secret police argued that the beheading of two teachers by the associated terrorist group warrants the death penalty rather than life imprisonment.

    • Convict Identities and Guilty Pleas: Justice Salim Ibrahim of the Federal High Court in Abuja sentenced Abdulrazak Umar, Yunusa Musa, and Shamsu Adamu Sani to life imprisonment after they pleaded guilty to terrorism charges under the 2022 Act, including membership in the Darul Salam/Ansaru network and concealing information.

    • Specific Charges for Umar: Abdulrazak Umar also pleaded guilty to counts involving receiving training, passing instructions, and religious incitement, receiving additional life sentences for counts seven, nine, and ten.

    • Broader Context: The DSS’s announcement follows a separate ruling where two senior Ansaru commanders, Mahmud Muhammad Usman and Mahmud al-Nigeri, were also sentenced to life imprisonment by a Federal High Court in Abuja.

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Crime

JUSTICE SERVED HOT: Court Hammers Oriire School Kidnappers With Life Imprisonment!.

Published

3 days ago

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July 23, 2026

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Three individuals involved in the abduction of students and teachers within Oyo State’s Oriire Local Government Area have been handed life sentences by a Federal High Court in Abuja.....KINDLY READ THE FULL STORY HERE▶

Presided over by Justice Salem Ibrahim, the court convicted the defendants following their guilty pleas to charges brought by the Federal Government, which included withholding information regarding the masterminds behind the attack. Additionally, the accused admitted to being members of Darul Salam, an organization linked to the banned terrorist group Ansaru.

During the proceedings, two of the defendants—Abdulrazak Umar and Shamsudin Adamu—further confessed to utilizing a WhatsApp group named “The Oneness of Allah is the Foundation of Peace” to train and incite members toward acts of terrorism. Furthermore, Abdulrazak Umar pleaded guilty to a separate charge of conducting unauthorized illegal gold mining activities along streams in the Chaza area located within Niger State’s Suleja Local Government Area.

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Crime

THE ULTIMATE RECKONING: Three Suspects Face Imminent Arraignment Over Shocking School Abductions!.

Published

4 days ago

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July 23, 2026

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The Department of State Services (DSS) is scheduled to arraign three suspects before the Federal High Court in Abuja on Thursday, July 23, 2026, in connection with the Oriire school abductions.....KINDLY READ THE FULL STORY HERE▶

  • The Defendants: The suspects are Abdulrazak Umar (aka Abu Khalifa or Abu Khalid), Yunusa Musa (aka Yunusa Bin Musa), and Shamsu Adamu Sani (aka Abu Itisar), all originating from Niger State.

  • The Charges: They face a 10-count charge that includes kidnapping, withholding information regarding terrorist links, and utilizing messaging platforms to promote terrorist training.

  • Legal Timeline: The Federal Government initially filed the charges on July 17, 2026, setting the stage for Thursday’s formal commencement of the criminal trial where the charges will be read and pleas entered.

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