Alleged fraud: Court issues bench warrant against ponzi scheme operator
02 December 2022 |
3:29 am
Justice Tijjani Ringim of a Federal High Court, Lagos, yesterday, issued a bench warrant against an alleged Ponzi scheme operator, Dr. Victoria Yemisi Imase-Regal, for alleged N36.45 million fraud.
Federal High Court, Lagos
Justice Tijjani Ringim of a Federal High Court, Lagos, yesterday, issued a bench warrant against an alleged Ponzi scheme operator, Dr. Victoria Yemisi Imase-Regal, for alleged N36.45 million fraud.
The judge issued the bench warrant against the Ponzi scheme operator, following an application made by counsel to the Police Special Fraud Unit (PSFU), Mr. Justin I. Enang.
PSFU had dragged the defendant alongside her four companies before the court on a seven-count charge of conspiracy, obtaining by false pretence and issuance of dud cheques.
The defendant was charged alongside her four companies: Yellowpoint Group, Media Enterprise, Yellowpoint Investment Limited and Yellow Point FT. International Limited.
The police alleged that the woman had used her companies to defraud victims of the above stated sums, on false pretence of giving them Multiple Return on Investment.
Among those allegedly defrauded by the defendant are: Iyoha Ihesekhen Gabriel; Adebeshin Edward Opeoluwa: Kayode Valentine Fowode and Samson Adekunie Martins.
She was also accused of issuing two new generation banks’ cheques with the monetary value of N18. 45 million and N18 million, to Mr. Iyoha Ihesekhen Gabriel, which were presented for payment, on the date stated therein. But both cheques were rejected on the ground that there were insufficient funds in the account.
Related
1 hour ago
The Corporate Affairs Commission (CAC) has warned newly-registered companies against paying certain fees to obtain tax identification number (TIN) amongst others. The management of CAC gave this warning in a statement on its X handle on Friday. CAC said it noticed email messages sent to directors of newly-registered companies. READ ALSO: CAC targets registration of…
2 hours ago
A Federal High Court in Abuja has dismissed money laundering charges against former Attorney-General Mohammed Adoke. Justice Inyang Ekwo ruled on Friday that the Economic and Financial Crimes Commission (EFCC) failed to present a strong enough case (prima facie case) against Adoke. EFCC alleged that Adoke sometime in August 2013 in Abuja accepted a cash…
3 hours ago
The Kwara Government has said it will target about 1.5 million children between zero and five years of age, for polio vaccination across the 16 Local Government Area of the State.
3 hours ago
Gov. Bassey Otu of Cross River says his administration has provided a matching fund of N100 million to scale up food and nutrition interventions in the state.
4 hours ago
Senator Ede Dafinone, the lawmaker representing Delta Central Senatorial District in the Nigerian Senate, has expressed his heartfelt gratitude to President Bola Tinubu, the Chief of Defence Staff and the Chief of Army Staff for their instrumental roles in securing the release of His Royal Majesty, King Clement Ikolo, Urhukpe 1, the monarch of Ewu-Urhobo…
4 hours ago
Officers from the Ikotun Police Division, Lagos State have rescued three children who had been locked in a room for days by their grandmother. Police spokesperson, SP Benjamin Hundeyin, in a statement on Friday, stated that an investigation is ongoing on the matter. Hundeyin disclosed that the children have been kept safe while the grandmother…
4 hours ago
A Volvo truck (unregistered) carrying loads of food items overturned in the Ojota area of Lagos on Friday, leaving its occupants with serious injuries.
5 hours ago
A Federal High Court in Abuja has dismissed a suit filed by seven senior advocates of Nigeria against the National Judicial Council (NJC) and others over the alleged unlawful appointment of judges in Kogi.
5 hours ago
At least 23 people have been killed in an attack by bandits on the Anguwar Danko community in Birnin Gwari Local Government Area of Kaduna State, according to a community leader. The attack, which occurred Wednesday night, has yet to be confirmed by Kaduna State Police authorities. A leader in the community, Zubairu Abdulrahuf, told…
5 hours ago
The Nigerian Immigration Service (NIS) has placed former Kogi State Governor, Yahaya Bello, on a watchlist. Immigration took this step after the Economic and Financial Crimes Commission (EFCC) on Thursday declared Bello wanted. NIS placed Bello on the watchlist in a circular dated April 18 and signed by Assistant Comptroller of Immigration, DS Umar, for…
×
Get the latest news delivered straight to your inbox every day of the week. Stay informed with the Guardian’s leading coverage of Nigerian and world news, business, technology and sports.
0 Comments
We will review and take appropriate action.