Nigerian ‘investment expert’ arrested for internet fraud worth over N2billion

A young Nigerian who claims to be an “investment expert” has been arrested for allegedly diverting investor’s funds which is reported to be worth over N2 billion.

ICPC declares a refund of stolen funds with interest from Foreign Countries

21 year old Dominic Ngene Joshua, the Managing Director/Chief Executive Officer of Brisk Capital Limited was arrested by the Special Fraud Unit, Lagos.

Dominic was arrested following petitions from several investors to the unit .

Joshua, who hails from Ebonyi State but operates in Uyo, Akwa Ibom State, lures his victims through social media platforms and newspaper publications why claiming to be a financial investor who manages funds for individuals and companies.

He deceived victims to invest money in Bitcoin, FOREX trading, real estate and oil Investment with a promise of 60% Return On Investment per month on every fund invested.

However, funds belonging to over 500 investors were diverted to sponsor Joshua’s extravagant lifestyle, exotic cars, luxury watches, real estates in Lagos, Abuja and Port Harcourt.

According to the Special Fraud Unit (SFU), the suspect have confessed to the crime but pleaded to be given time to return the funds.

The SFU said some of the properties and items purchased with the diverted funds have been recovered from him, and he will be charged at the Federal High Court soon.

Only months ago, Dominic Ngene Joshua, was featured in a business publication and an enconium was written on him. He was referred to as a “disruptor in the Investment banking industry”.

The article has now been taken down following his arrest.