The Nigeria Police Force has confirmed the arrest of Jesam Michael, the CEO of Afriq Arbitrage System (AAS), as part of an ongoing fraud investigation, News360 Nigeria reports.

According to the police, Michael’s arrest follows a report he previously filed with the Inspector-General of Police (IGP) Special Investigation Unit (SIU), alleging that he was defrauded of $87 million by one Abayomi Segun Oluwasesan.

“Upon the arrest of Mr. Oluwasesan, he admitted to the charges but contested the amount involved, asserting it was significantly lower than claimed by Mr. Michael.

“Notably, concerns have emerged regarding a subsequent forfeiture agreement between the parties, which led to the recovery of various assets from Mr. Oluwasesan.

“The suspicion arose from Mr. Michael’s decision to transfer the recovered properties into his personal name rather than that of his company, raising serious questions about his motives.

“In addition, numerous investors have reported their inability to withdraw their principal funds or the promised returns from AAS for over 18 months.

“This prompted a preliminary investigation into the operations of the company.

“Despite repeated requests from the Nigeria Police Force, Mr. Michael failed to provide verifiable medical records for the alleged operation he underwent, valid evidence of legitimate trading practices, and a viable repayment plan for the affected investors.

“His lack of credible evidence, especially concerning his claimed health issues, which he suggests hindered his ability to grant full system access, raised serious questions about his credibility and the integrity of AAS.

“The Nigeria Police Force firmly dismisses Mr. Michael’s claims of harassment, asserting that the genuine victims are the many innocent and unsuspecting investors who placed their trust and money in the Afriq Arbitrage System, only to face continued uncertainty and financial distress.

“Mr. Jesam Michael was apprehended today by operatives of the IGP SIU, and a comprehensive interview concerning these allegations, particularly regarding how he and AAS have managed investors’ funds, is currently underway.

“The Nigeria Police Force remains committed to serving the public interest, ensuring transparency and accountability throughout this investigation.

“The Force will continue to uphold our mandate, ensuring a thorough, unbiased investigation aimed at protecting innocent citizens from fraud and financial exploitation.

“The Force hereby encourages any victims or individuals with information pertaining to these matters to come forward and assist in the investigation. Collaboration is essential to achieving justice.”

https://news360ng.com/police-nab-afriq-arbitrage-ceo-jesam-michael-for-fraud/

Ppl never learn

Dem plenty for cbex pcex and all nonsense exes..
Zero fvck given
This is why I sometimes agreed that there maybe yahoo yahoo without charms

Infoguy666:

https://news360ng.com/police-nab-afriq-arbitrage-ceo-jesam-michael-for-fraud/

Forex traders
The kind of scams forex traders do especially when you gather una self give am una money to trade.

Lol

Na 6 months e go last the remaining 6 months na gnashing of teeth.

People who fall for this no dey finish.

Dem must fall.

A scammer forex trader will tell you he never makes loss. They tell you risk management.

But want you to give them your money to trade on your behalf.

He will keep doing it till the unexpected happens.

87 millions dollars? Hahh, if i see that kind money ehh, i swear all those instagram and tiktok girls go collect better woto woto from my hand.

"Baby, can you spend the weekend with me? 3 million dey for you"... That kind matters

Infoguy666:

https://news360ng.com/police-nab-afriq-arbitrage-ceo-jesam-michael-for-fraud/

Se na so this guy go chop my money go

I don't think nigerians should be victim of all this scam despite the harm that was caused by MMM then...

Infoguy666:

https://news360ng.com/police-nab-afriq-arbitrage-ceo-jesam-michael-for-fraud/

Yugoslavia247:
Forex traders
The kind of scams forex traders do especially when you gather una self give am una money to trade.

Lol

Na 6 months e go last the remaining 6 months na gnashing of teeth.

People who fall for this no dey finish.

Dem must fall.

But he never claim to be a forex trader, although I'm Mr quadruple aka the money investor, come join my team let me show you how it done.

Domaining101:
87 millions dollars? Hahh, if i see that kind money ehh, i swear all those instagram and tiktok girls go collect better woto woto from my hand.

"Baby, can you spend the weekend with me? 3 million dey for you"... That kind matters

This is exactly why you will never have it

The fool and his money are easily parted!

Domaining101:
87 millions dollars? Hahh, if i see that kind money ehh, i swear all those instagram and tiktok girls go collect better woto woto from my hand.

"Baby, can you spend the weekend with me? 3 million dey for you"... That kind matters

Fuuulish bhoy

nothing them go do am. with this kain money , I repeat nothing them go do am. an the people wey give am money i pity.
how ugep boy take blow like this. omo this one pass any ugep boy.

looking for a very good hardore yoruba translator.
you will just translate stuffs I post in yoruba to english .
everything happens on whats up. about 6 translations in a week, some days no translations. just one liners .
salary 5k a month

Yugoslavia247:
Forex traders
The kind of scams forex traders do especially when you gather una self give am una money to trade.

Lol

Na 6 months e go last the remaining 6 months na gnashing of teeth.

People who fall for this no dey finish.

Dem must fall.

A scammer forex trader will tell you he never makes loss. They tell you risk management.

But want you to give them your money to trade on your behalf.

He will keep doing it till the unexpected happens.

Were was forex mentioned?

This same guy!

God don catch am

Domaining101:
87 millions dollars? Hahh, if i see that kind money ehh, i swear all those instagram and tiktok girls go collect better woto woto from my hand.

"Baby, can you spend the weekend with me? 3 million dey for you"... That kind matters

With this mentality ..you go squander everything in 1 year

Your life is bigger than pussy tho

Domaining101:
87 millions dollars? Hahh, if i see that kind money ehh, i swear all those instagram and tiktok girls go collect better woto woto from my hand.

"Baby, can you spend the weekend with me? 3 million dey for you"... That kind matters

The inferiority complex is amazing.

Without money, you can't express yourself to women?