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EFCC hands over N96.5million to victims of Ponzi Scheme in Enugu

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The Economic and Financial Crimes Commission, EFCC on Thursday, December 4, 2025 handed over N96, 500, 000. 00 (Ninety-six Million, Five Hundred Thousand Naira) to victims of ponzi schemes, in Enugu State.

A statement from the agency said it received a petition, dated September 30, 2024 from one Chijioke Ngwu and others against one Oyubu Clement Akpojewve, also known as Justice Nonso Chima, Managing Director, Leverage Index Limited.

The agency mentioned that the petitioners alleged that Akpojewve lured them into investing the said sum in a ponzi scheme.

“He presented offers to prospective investors in two formats; what he called the Monthly Plan and another one called Live Trading. The Monthly Plan required that an investor transfers a minimum sum of N2.5 million or more to a UBA account number for the firm to use and trade in forex, after which a monthly profit of N200, 000. 00 or 8% of the total money invested is given to the investor, while the initial capital of N2.5million or more is retained for further monthly trading if the investor so wishes.

The Live Trading format is such that an investor transfers any amount of money to Leverage Index into the said account for a live trading session on a designated day for the firm to trade with on the same designated day and remit 10% of the total sum transferred initially as profit to the investor the next day”, the petitioners said

According to the petitioners, after investing the said sum, Akpojewve, who presented himself as a registered forex trader, trading in foreign exchange, started with excuses bordering on disagreement with his trading partners and before they knew it, he shut down his office and became unreachable.

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Reacting to the petition, operatives of the Commission swung into action and investigations revealed that Akpojewve conspired with his cohorts to defraud unsuspecting victims of their hard -earned money on the guise of investing in a sham forex platform and the proceeds were recycled among several bank accounts with a view to concealing the final destinations of the funds.

While handing over the recovered money to the victims, Executive Chairman of the EFCC, Ola Olukoyede, represented by the Enugu Zonal Director of the Commission, Commander of the EFCC, CE Daniel Isei reiterated the Commission’s readiness to combat economic and financial crimes and to ensure that where there are cases of losses, the EFCC ensures fraudsters are denied the proceeds of their crime and victims receive their lost funds and properties.

“My own final word, beyond giving you the draft, is that this should also serve as a lesson. We should be more circumspect. We should be more vigilant during every business proposal. Some can look too good to be real. We should not be in a hurry to double our money overnight. I think we should learn from this and we should also take it home and talk to our friends, family and our children. I hope this will serve as encouragement that EFCC is working for you as Nigerians and secondly, to take home that this is a learning point for you”.Nigerian Fashion Trends

An over-joyed Ukwu Ernest Ikechukwu, one of the victims of Akpojewve who received N19.9million draft commended the Commission for its level of professionalism and integrity in discharging its duties.

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“For me, I will personally write about the EFCC Enugu Directorate because nobody asked me to give him one Naira. Kudos to EFCC. This is the first time I’m aware that a government agency can actually work and if every other agency can emulate the EFCC, I don’t think we will have problems in this country”.

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Crime

150 terrorists convicted in 48 hours, says AGF

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The Federal Government has secured approximately 150 convictions within the first two days of its latest phase of mass terrorism trials, Attorney-General of the Federation and Minister of Justice, Lateef Fagbemi (SAN), disclosed on Tuesday.

Fagbemi made the disclosure while speaking with journalists at the Federal High Court in Abuja, where the trials are being conducted simultaneously before 10 judges of the court.

The AGF said the current phase, which commenced on Monday, had already recorded about 160 trials leading to roughly 150 convictions on its first day alone.

“Yesterday, we had about 160 trials. I think about 150 convictions,” Fagbemi told reporters.

He added that proceedings on Tuesday brought approximately 300 cases before the courts, with another 84 cases expected to be concluded before the close of the day.

“Whatever we can do, or wherever we stop today, we’ll continue tomorrow and also on Thursday. So it’s still ongoing,” the minister said.

Fagbemi appealed for patience from members of the public as the exercise continued, stressing that the initiative reflected the government’s commitment to justice, accountability and the rule of law.

On Monday, the AGF had said the ongoing phase marked the fourth round of mass terrorism trials conducted since the inception of the current administration, describing the exercise as a clear signal that the government would not tolerate terrorism in any form.

“The message is clear, direct and straightforward. It is that the present administration is not taking the issue of terrorism with levity. And that is why you see ongoing trials.

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“Since the inception of this administration, this is about the fourth phase that we are undertaking. So the message is that let everybody know that terrorism in whatever form or shape will not be tolerated,” Fagbemi added.

The prosecution is being led by the AGF himself, while the Director-General of the Legal Aid Council, Aliyu Abubakar, heads the defence team.

Among the judges handling the cases are Justices Binta Nyako, Emeka Nwite, Musa Liman, James Omotosho, Obiora Egwuatu and Ekerete Akpan, with proceedings taking place across several courtrooms simultaneously.

The current phase of trials is expected to run through Thursday, with the overall exercise scheduled to last one week.

The latest phase follows a previous round conducted between April 7 and April 10, during which no fewer than 500 alleged terrorists were tried before the Federal High Court sitting in Abuja.

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Crime

Police arrest man for sharing fake video of bandit attack in Ekiti

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The Ekiti State Police Command has arrested a man, Sunday Olawale, over allegedly spreading fake news of bandits’ attack on Are Ekiti in the Irepodun Ifelodun Local Government area of the state.

The Police Public Relations Officer, Sunday Abutu, said in a statement in Ado Ekiti on Tuesday that the suspect, who confessed to the crime, had been unable to give a reason for the false information.

Abutu stated, “The Police Command wishes to reiterate that there was no bandit invasion in Are Ekiti or any part of the Ekiti State”.

The statement reads in part: “On 14th of June, 2026, the Command Rapid Response Squad trailed and arrested one Sunday Olawale at Ekute area of Ado Ekiti for cyberstalking and giving of false information intended to cause breakdown of law and order.

“It would be recalled that on the 12th of June 2026, a video was circulating on social media claiming that bandits had invaded Are Ekiti. The video was later confirmed to be false.

“During the investigation, the suspect confessed to having peddled the false information on social media and was unable to give any satisfactory reason for his action.

“The State Commissioner of Police, Michael Falade, while warning that the Command will not tolerate any act of fake news peddling or content capable of initiating panic among members of the public, advises members of the public to always verify information they believe or share on social media,” the PPRO stated.

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Police confirm three security operatives killed in NIPSS Plateau gunmen attack

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The Plateau State Police Command has confirmed that three security operatives were killed in an attack on the National Institute for Policy and Strategic Studies, Kuru, in the early hours of Monday.

In an information update in Jos on Tuesday, signed by the state Police Public Relations Officer, SP Alfred Alabo, the command said, “The Plateau State Police Command, on a very sad note, wishes to confirm the incident that occurred in the early hours of today, 16th June 2026, involving security personnel on duty at the National Institute for Policy and Strategic Studies, NIPSS, Kuru.

“Regrettably, three security personnel lost their lives during the incident.”

The command disclosed that security has been beefed up around the facility following the attack.

“Security reinforcements have been deployed, and patrols have been intensified around the general area by the Commissioner of Police, CP Bassey Ewah,” SP Alabo stated.

The police also assured residents that calm has returned to the area.

“The situation is under control and normal activities have resumed,” the statement added.

On the next steps, the command said, “Investigation is ongoing. The command urges members of the public to remain calm and go about their lawful businesses.”

The PPRO concluded that “Further updates will be communicated in due course.”

NIPSS Kuru is Nigeria’s premier policy training institution for senior public officials.

The attack marks one of the most serious security breaches at the facility in recent years.

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