The general public is hereby informed that Mr. Adim Jibunoh of Irving Asset & Management Co. Ltd and Mr. Adewale Akinrele of Cashcraft Assets Management Ltd collected the sum of N3,100, 000.00 from an investor with a promise to invest the sum in Investments and Allied Assurance Ltd shares during its Private Placement in 2008. The money was not utilized for the said purpose but converted by the duo for their benefit.

Despite the undertaking made by Adewale Akinrele in March 2010 to personally refund the said sum and interest at CBN Monetary Policy Rate within two months from April 1, 2010 and repeated demands by the Commission for the refund, the investor is yet to receive the refund.

They are by this publication called upon to refund the said sum of N3, 100, 000.00 to the investor.

The general public is hereby informed that Irving Asset & Management Co. Ltd and Mr. Adim Jibunoh are not registered by the Commission to perform any function in the capital market.

Any person dealing with them in any capital market related transaction is doing so at his/her own risk.

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