About 354 forex trade investors allegedly defrauded by an ex-banker, Seye Onigbinde, are currently embittered after their investments went down the drain.
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Onigbinde is being investigated by the police at the Area F Command, Ikeja, Lagos, led by ACP Akinbayo Olasoji, over a sum of N574.2m.
He allegedly obtained the sum from his unsuspecting victims while promising them a monthly interest of 20 to 30 per cent.
It was gathered that the suspect operated the scheme as a business venture named Blueprint Business Development and Consulting located on Hughes Street, Alagomeji, Yaba.
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“This get-rich-quick scheme attracted gullible and greedy investors, who received the expected high returns. The more investors his scheme attracted, he created a business and used agents to find more and more investors.”
Some of them, who spoke with City Round and identified themselves only by their first names, said Onigbinde dashed their hopes.
A worker at a consulting firm, Oyinlade, said her current investment is N1.3m, adding that a friend linked her with Onigbinde in February 2019.
Hassan, one of the agents working for the prime suspect, said his friend, one Victor, put N5m in the failed transactions, adding that Victor had wanted to use his principal and interest to execute a project in December 2019.
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Onigbinde declined to speak with our correspondent, claiming that he had told the police everything about the case. Punch