25-year old graduate of the Federal University of Technology, Akure (FUTA), Alfred Adebayo, said he planned to commit suicide after he was defrauded by a forex trader, Eseka Chuckwutem Gospel, popularly known as ECG.

Speaking to Newsmen, Adebayo said he lost over N100 million to ECG.


According to the Microbiology graduate, he was introduced to the forex trader by a friend on WhatsApp.

He said, “I actually got introduced to Gospel around March, I joined his group through someone I know on WhatsApp. So, when I joined the group, this guy used to give us 40 per cent of our investment every week. So, I started investing in it; you invest in a group, he doesn’t have a website or nothing.

It’s a WhatsApp group, he drops the account number to invest in, so you send money to the account. You send the payment receipt and he would confirm. Then the following week, you get 40 per cent interest on your capital.

“There was a day I asked him what he does with the money and he told me he trades in forex. I asked him how sustainable and how everything was because we actually spoke at length. He told me not to worry and that he knew how he was doing those things. Then I told him I wanted to start collecting money from people to invest and give them a lower interest.

“Around May, he said he was going to register the company and he started the process. I think he got registered by June. That same June, he came up with a story that his bank account had been frozen, and that he couldn’t make payment. That should be around June 17; let’s just say the third week in June. That was when he came up with the story and since then, we haven’t heard anything about him.

He was arrested here in Akure and taken to Abuja. For me, I lost over N100 million and for those affected, the amount of money we lost runs into billions of naira. I spoke with a lady that made the police transfer him to Abuja and she told me Gospel doesn’t trade in forex but actually runs a Ponzi scheme.

“It’s actually crazy; I actually thought about suicide when this thing happened at first. I actually thought about suicide. Where would I get money from to pay people back? My brother has really supported me emotionally and financially, also my friends have been helpful. Immediately, I told them I wanted to kill myself, they advised me against it.”

A 300-level student of the University of Ilorin, Kwara State, Gbenga Favour Olaoye-Akanbi, committed suicide on December 20 after he was also allegedly defrauded of over N300 million by ECG.

Trouble reportedly started for the 19-year-old student when the returns from the N300 million refused to come at the expected time.

Those who invested with the deceased were said to have circulated his pictures on different social media platforms, tagging him a ‘thief, fraudster and scammer.’

This guy in this picture called Jasper is a scammer. I have been paying to his Opay account and reinvesting my capital until he scammed us of our money. ‘Na God go judge am’ (God will judge him. He was proudly telling us that he had backup funds that was enough to pay everyone and he later told us that he had changed the money into crypto currencies. He has been given us stupid excuses since June,” one of the posts read.

Source:https://barristerng.com/how-i-almost-committed-suicide-after-losing-over-n100m-to-forex-25-year-old-futa-graduate/

V7place:


Trouble reportedly started for the 19-year-old student when the returns from the N300 million refused to come at the expected time.


Source:https://barristerng.com/how-i-almost-committed-suicide-after-losing-over-n100m-to-forex-25-year-old-futa-graduate/

19-year-old N300m , how true.
This your story no gel o.

Is this another one or the one that committed suicide?


Who recycled this story?

100million?if I hear. I guess he mean 100 thousand

19 Yr old with hundred million naira in this country... Abeg how did he come about the hundred million naira?

He did not lose 100 million trading Forex. He lost to a Ponzi Scheme using FOREX to camouflage.

Only a greedy person will expect a 40% ROI in week. That's outrageous. As a Forex trader, I rejoice any week I make 7% -10% of my trading capital

The guy who lost to ECG is also greedy and a schemer. Busy collecting money from people claiming to be a forex trader, whereas he was
investing in someone else's shady business.

People like this go about Abusing the word FOREX. That's why a lot of people have bad blood when it comes to anything Forex. Some see it as a gamble, while some see it as Ponzi. With 1 Million Naira trading Capital, adequate knowledge of how the market works and a proper risk management strategy, you shouldn't lose a capital of that kind not to talk of 100 Million.

If you've lost to Forex before, I challenge you to post your full forex story (from beginner to the point you crashed), if possible with pictures of your trading terminal and the lot sizes you used and I will tell you the mistakes you made and why you crashed. If you cannot, then shut up. You are just a Gambler.

sircrabo:
He did not lose 100 million trading Forex. He lost to a Ponzi Scheme using FOREX to camouflage.

Only a greedy person will expect a 40% ROI in week. That's outrageous. As a Forex trader, I rejoice any week I make 7% -10% of my trading capital

The guy who lost to ECG is also greedy and a schemer. Busy collecting money from people claiming to be a forex trader, whereas he was
investing in someone else's shady business.

People like this go about Abusing the word FOREX. That's why a lot of people have bad blood when it comes to anything Forex. Some see it as a gamble, while some see it as Ponzi. With 1 Million Naira trading Capital, adequate knowledge of how the market works and a proper risk management strategy, you shouldn't lose a capital of that kind not to talk of 100 Million.

If you've lost to Forex before, I challenge you to post your full forex story (from beginner to the point you crashed), if possible with pictures of your trading terminal and the lot sizes you used and I will tell you the mistakes you made and why you crashed. If you cannot, then shut up. You are just a Gambler.

You are definitely a professional

Mide3367:
100million?if I hear. I guess he mean 100 thousand

Very possible, young guys in Akure are into real money. One bought a property worth 600million recently.

mrdan:


19-year-old N300m , how true.
This your story no gel o.

Very true

His name was Jasper , a 300L Unilorin student

entrep88:

Very possible, young guys in Akure are into real money. One bought a property worth 600million recently.

huh? Property of 600m?is that stupidity?

P

Mide3367:
huh? Property of 600m?is that stupidity?

Stupidity? I will never support Yahoo Yahoo or crime; but property investment is probably the wisest investment anyone can make. IT ALWAYS appreciates in value aside from possible rental income.

sircrabo:
He did not lose 100 million trading Forex. He lost to a Ponzi Scheme using FOREX to camouflage.

Only a greedy person will expect a 40% ROI in week. That's outrageous. As a Forex trader, I rejoice any week I make 7% -10% of my trading capital

The guy who lost to ECG is also greedy and a schemer. Busy collecting money from people claiming to be a forex trader, whereas he was
investing in someone else's shady business.

People like this go about Abusing the word FOREX. That's why a lot of people have bad blood when it comes to anything Forex. Some see it as a gamble, while some see it as Ponzi. With 1 Million Naira trading Capital, adequate knowledge of how the market works and a proper risk management strategy, you shouldn't lose a capital of that kind not to talk of 100 Million.

If you've lost to Forex before, I challenge you to post your full forex story (from beginner to the point you crashed), if possible with pictures of your trading terminal and the lot sizes you used and I will tell you the mistakes you made and why you crashed. If you cannot, then shut up. You are just a Gambler.

Well said!

V7place:
25-year old graduate of the Federal University of Technology, Akure (FUTA), Alfred Adebayo, said he planned to commit suicide after he was defrauded by a forex trader, Eseka Chukwutem Gospel, popularly known as ECG.

Speaking to Newsmen, Adebayo said he lost over N100 million to ECG.


According to the Microbiology graduate, he was introduced to the forex trader by a friend on WhatsApp.

He said, “I actually got introduced to Gospel around March, I joined his group through someone I know on WhatsApp. So, when I joined the group, this guy used to give us 40 per cent of our investment every week. So, I started investing in it; you invest in a group, he doesn’t have a website or nothing.

It’s a WhatsApp group, he drops the account number to invest in, so you send money to the account. You send the payment receipt and he would confirm. Then the following week, you get 40 per cent interest on your capital.

“There was a day I asked him what he does with the money and he told me he trades in forex. I asked him how sustainable and how everything was because we actually spoke at length. He told me not to worry and that he knew how he was doing those things. Then I told him I wanted to start collecting money from people to invest and give them a lower interest.

“Around May, he said he was going to register the company and he started the process. I think he got registered by June. That same June, he came up with a story that his bank account had been frozen, and that he couldn’t make payment. That should be around June 17; let’s just say the third week in June. That was when he came up with the story and since then, we haven’t heard anything about him.

He was arrested here in Akure and taken to Abuja. For me, I lost over N100 million and for those affected, the amount of money we lost runs into billions of naira. I spoke with a lady that made the police transfer him to Abuja and she told me Gospel doesn’t trade in forex but actually runs a Ponzi scheme.

“It’s actually crazy; I actually thought about suicide when this thing happened at first. I actually thought about suicide. Where would I get money from to pay people back? My brother has really supported me emotionally and financially, also my friends have been helpful. Immediately, I told them I wanted to kill myself, they advised me against it.”

A 300-level student of the University of Ilorin, Kwara State, Gbenga Favour Olaoye-Akanbi, committed suicide on December 20 after he was also allegedly defrauded of over N300 million by ECG.

Trouble reportedly started for the 19-year-old student when the returns from the N300 million refused to come at the expected time.

Those who invested with the deceased were said to have circulated his pictures on different social media platforms, tagging him a ‘thief, fraudster and scammer.’

This guy in this picture called Jasper is a scammer. I have been paying to his Opay account and reinvesting my capital until he scammed us of our money. ‘Na God go judge am’ (God will judge him. He was proudly telling us that he had backup funds that was enough to pay everyone and he later told us that he had changed the money into crypto currencies. He has been given us stupid excuses since June,” one of the posts read.

Source:https://barristerng.com/how-i-almost-committed-suicide-after-losing-over-n100m-to-forex-25-year-old-futa-graduate/

WTF! A simple DUE DILIGENCE would have
prevented this.

If you would love to invest in a real estate company that promises 45% return on investment for 16 months maturity period. And the benefits to receive dividends in subsequent years after 24 months
Contact me now: +2349052295008