SocietyGazette.com Society Gazette News
Related Articles
$87 Million Investment Fraud: How Abayomi Oluwasesan is Living Large at the Expense of Victims
“The law does not hate thieves—it simply prefers them well-dressed and well-connected” is a popular quote used by Mark Twain, an American writer, when describing injustice and corruption.
According to our findings, leading the lane of corruption is the alleged involvement of one Abayomi Oluwasesan who used to be a partner at Afriq Arbitrage System (AAS), an outfit allegedly involved in $87 million investment funds.
The story was that Abayomi and his erstwhile boss ad partner, Jesam Michael created a platform called Afriq Arbitrage System (AAS) where they claimed they are using monies deposited with them to trade in forex for the investors with a promise to triple their investment over a period of time.
Findings revealed that shortly investors bought hugely into the scheme, Jesam and Abayomi began to live larger than life without honouring their side of the deal with investors.
While investors were groaning, Jesam and Abayomi’s relationship scattered like a badly arranged card when Abayomi claimed that he had been short-changed by Jesam by not giving him his equal shares of the alleged loots.
Those privy to reliable information alleged that when Abayomi couldn’t stand the so-called rip-off again from his boss, he allegedly planned the hacking of the system, an act that made him have access to funds without the knowledge of Jesam.
It was said that when the ‘act of betrayal’ got to the notice of Jesam, he immediately raised an alarm and reported the case to both the Nigerian police and the INTERPOL. The security agencies were said to have swung into action by arresting Abayomi and stripping him off millions of naira worth properties he allegedly acquired with the funds realised from the hacking of the system.
The recoveries were said to have been handed over to Jesam but his happiness was short-lived as Abayomi was said to have devised another means to show his smartness over Jesam.
Impeccable sources alleged that Abayomi was behind the arrest of Jesam at the airport a few months ago when he was said to have been in possession of some foreign currency.
While Jesam still languishes in the custody of the Economic and Financial Crime Commission, EFCC, sources revealed that Abayomi is currently roaming around freely despite been allegedly in possession of over $20 Million from the stolen investment funds.
Insider revealed that the young man who called himself the mastermind of the ponzi investment has been bragging to those around that he’s untouchable.
Findings has it that despite Abayomi’s BVN being allegedly frozen by security agencies and his international passport seized, he continues acquiring properties, travels in and out of the country at will and he was said to have established a company that his doing similar deal like that of his partner, this is apart from his Son of the Universe Oil and Gas Company, which was also established after he was released on bail by the court.
He was also said to have at different places boasted that his seized properties are being released back to him.
While Abayomi enjoys unhindered freedom, many Nigerians, especially those whose hard earned money, were trapped in the scheme, continues to ask questions like: why is the prosecution a one sided? Why is Jesam in the EFCC custody and Abayomi his partner-in-crime, a free man and still rubbing it on their face by his daily show of wealth and affluence?
It will be recall that both Jesam Michael and Abayomi Oluwasesan under the platform of Afriq Arbitrage System (AAS) allegedly defrauded Nigerians of $87 million through their ponzi investment scheme.
