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.
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.
“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”.
A Magistrate Court sitting at Nomansland in Fagge Local Government Area of Kano State has ordered the remand of a driver and two others over the alleged theft of jewellery, cash, and a mobile phone belonging to the wife of the 16th Emir of Kano, Muhammadu Sanusi II.
The defendants, Sulaiman Yakubu Kulkude, Idris Musa, and Abdullahi Usaini, were arraigned on a three-count charge of conspiracy, theft and receiving stolen property.
Prosecuting counsel, Barrister Abubakar Ibrahim, told the court that Sulaiman Yakubu, who serves as the driver of the Emir’s wife, unlawfully entered her room and made away with jewellery reportedly valued at N60 million, alongside cash and a mobile phone.
When the charges were read, Sulaiman pleaded guilty to all counts, while the two other defendants pleaded not guilty.
Counsel to the defendants, Barrister A.A. Abdullahi, filed a bail application.
In his ruling, the presiding Magistrate, Halilu Abdurahman, granted bail to the defendants with conditions, including the provision of a surety who must be either a father or brother, a civil servant not below Grade Level 15, and a bail sum of N10 million each.
The case was adjourned to April 14 for further hearing, while the defendants were remanded pending the fulfilment of their bail conditions.
Two adult males have been killed in separate suspected cult-related attacks in Lagos and Ogun States.
PUNCH Metro learnt that the first incident occurred on Saturday around the Federal College of Education (Technical), Akoka, in Yaba, while the second took place in the Magboro area of Ogun State.
The victim in the Akoka incident was reportedly hacked to death after being attacked by about six suspected cultists.
A police source, speaking on condition of anonymity due to lack of authorization to speak for the command, described the attack on Tuesday as a suspected reprisal.
“The victim was accosted along the axis leading to the school gate, and what started as a confrontation led to a fight. He was stabbed in the head in the process. It was later discovered that the assailants were suspected cultists,” the source said.
In a video seen by PUNCH Metro on Tuesday, the deceased’s body was lying by the roadside.
The state Police Public Relations Officer, Abimbola Adebisi, confirmed the incident, adding that one suspect had been arrested.
“One suspect has been arrested in connection with the incident. Investigation is ongoing,” she said.
In Magboro, PUNCH Metro gathered that the victim in the Gas Line area was a suspected Eiye cult member identified as Cegaga.
According to insiders, he was stabbed to death during a clash involving rival cult groups in the community.
The incident, our correspondents gathered, occurred on Saturday around 11pm, following a disagreement between the deceased and a suspected Buccaneer member identified as Corner over money issues.
A suspected Vikings member, identified as Troup, who was reportedly at the scene, allegedly took sides in the dispute and stabbed the victim.
Residents said the victim’s body was discovered the following morning.
A resident who requested anonymity for security reasons said, “I didn’t witness the clash. I only came back to see that someone had been killed.”
Also speaking, a trader who asked not to be named said, “We had closed for the day.” It happened at midnight, and we only saw the body when we resumed work the next morning.”
It was gathered that tension had heightened in the community due to recurring cult-related violence in recent weeks.
Another resident, who identified himself as Suleiman, told PUNCH Metro on Tuesday that such incidents had become frequent.
He said, “We have been experiencing a series of cult attacks in the area over the past few weeks. The one that happened on Saturday is just one of many incidents.
“We rarely experience situations like this, but it is now becoming regular. We need the intervention of the authorities before it escalates.”
The Ogun State Police Command spokesperson, Oluseyi Babaseyi, could not be reached for comment, as calls to his telephone lines went unanswered.
A text message sent to him had not been replied to at the time of filing this report.
PUNCH Metro had reported on March 3 that two suspected cultists, identified as Monday and Efe, were shot dead in a fresh wave of cult-related violence in the Ojo area of Lagos State.
The operation, disclosed in a statement issued on Sunday by NDLEA’s Director of Media and Advocacy, Femi Babafemi, followed intelligence on trans-border criminal activities.
The National Drug Law Enforcement Agency (NDLEA) has intercepted a large shipment of cocaine hidden inside the heads of imported dry stockfish and arrested a key member of the syndicate linked to trafficking the drugs abroad.
The operation, disclosed in a statement issued on Sunday by NDLEA’s Director of Media and Advocacy, Femi Babafemi, followed intelligence on trans-border criminal activities.
Babafemi said the intelligence led to a sting operation by operatives of the Murtala Muhammed International Airport Strategic Command of the Agency at the Ojo area of Lagos on Thursday, March 19, 2026.
“In the course of the operation, three jumbo size bags were found in possession of the kingpin 36-year-old Akputa Dickson Ejike.
“A search of the bags led to the recovery of Two Hundred and Thirty-Seven (237) wraps of cocaine buried in the heads of imported dry stock fish locally known as ‘Okporoko.’
“The cocaine pellets have a gross weight of 5.80 kilograms. The consignment was intended for export to Delhi, India,” the statement read.
In a separate operation on Wednesday, March 25, NDLEA operatives from the Directorate of Operations and General Investigation (DOGI) intercepted two consignments bound for the United Kingdom at a courier company in Lagos.
“In one of the shipments that originated from Cotonou, Benin Republic, 1.9 kilograms of methamphetamine were found concealed in automobile filters while the second parcel contains 40 ampoules of Morphine Sulphate and nine ampoules of Fentanyl.”
Babafemi added that on March 26, a Special Operations Unit (SOU) raided the home of 46-year-old Omolade Abigail Jolayemi, known as “Iya Ghana,” at 13 Carter Street, Yaba, Lagos.
She and her associate, 31-year-old Sarah Zainab Agbabiaka, were arrested after operatives recovered 135 blocks of cannabis weighing 76.30 kilograms.
“Same day, the SOU operatives also arrested Anayo Lucky Ohabiro, 39, at Doyin bus stop, Surulere, Lagos following credible intelligence. A total of 78 blocks of Ghana Loud weighing 41kg were seized from him.”
In Ekiti State, the statement added that “an 80-year-old grandpa, Oke Samuel, was on Thursday 26th March arrested by NDLEA operatives during a special raid operation at Mosafuneto camp, Erinmo road, Efon-Alaaye Ekiti. A total of 2.2kg skunk and 1.8grams of methamphetamine were recovered from him.”
Another suspect, 37-year-old Enuwa Kehinde Kingsley, had 894.72 kilograms of skunk seized from an uncompleted building in Ogbese, Akure North, Ondo State.
Elsewhere, 35-year-old Saater Nyam was apprehended at Pevi village, Guma LGA, Benue State, with 116.7 kilograms of skunk on Tuesday, March 24.
In Edo State, a warehouse raid in Ekpoma town, Esan West LGA, on Monday, March 23, led to the arrest of 25-year-old Felix Donald and the seizure of 576.5 kilograms of skunk and 33 bottles of codeine-based syrup.
In Taraba State, Babafemi said NDLEA officers intercepted a truck carrying 100 blocks of compressed skunk weighing 135 kilograms concealed in animal feed bags from Garbachede to Gombe State on Tuesday, March 24.
Two suspects, 21-year-old Osama Mamuda and 22-year-old Auwal Umar, were arrested in connection with the seizure.
Babafemi noted that the agency has also continued its War Against Drug Abuse social advocacy, conducting sensitisation lectures in schools across Cross River, Adamawa, Oyo, Kano, and Lagos states.
Chairman and Chief Executive Officer of NDLEA, Brig. Gen. Mohamed Marwa (Rtd), commended operatives from MMIA, SOU, DOGI, Ekiti, Ondo, Benue, Edo, and Taraba Commands for their efforts and praised all commands nationwide for balancing drug supply reduction with drug demand reduction initiatives.
