Dominic Joshua Ngene: 21-year-old Investment Banker Arrested for 2Bn Fraud
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21-year-old Nigerian man, Dominic Joshua Ngene has been accused of scamming investors of N2 bn Naira, through his company, Brisk Capital Limited
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Mr Ngene was arrested by the Special Fraud Unit (SFU) of Lagos State Police on grounds of fund diversion
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Mr Ngene posed as an investment banker, offering people as much as 15% return on investment every month
In a trending case of fraud, a 21-year-old has been accused of scamming Nigerians of funds worth over 2bn Naira.
The suspect named Dominic Joshua Ngene claimed to be an investment banker, was the managing director of a company, Brisk Capital Limited.
Mr Ngene was arrested by the Special Fraud Unit (SFU) of Lagos state police command after petitions from many investors.
The suspect allegedly diverted investors funds worth over 2 billion Naira.
The suspect lured his victims by offering 15 return on investment monthly on social media platforms, Instagram, Facebook and Linkedin.
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According to the Lagos state police commissioner, the alleged fraudster claimed to invest funds in Bitcoin, foreign exchange, real estate, and oil & gas.
The significantly high return on investment was used to attract victims in what has been termed a Ponzi scheme.
The police have advised everyone to be careful and avoid investment platforms that offer unreasonably high ROI.
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