₦airaland Forum

BREAKING NEWS: International Breweries set to raise prices of products on June 1.

What’s your take on this ?

- Once it's 9 Pm , And You Are Not Back Home, Remain Where you Are,

- Stay Away From My Daughters

- You Can Not Be More Than 2 Person's in a Room

Correct Lady in Nigeria Abi Where?

I Have come to The Conclusion That
" Women Are Just Necessary Evil Men & The World Can't Do Without"

This Can Never be The Meaning Police

The Fear of EFCC & ICPC, But He Will Still Need to Explain Ostensibly

You Go Explain Tayaa

Aderemi Adeoye, retired Anambra Commissioner of Police (CP), on Friday, dismissed claims that he described himself as a billionaire.

Information Nigeria reports that during his retirement last Saturday, he disclosed he is now going fully into business and is ready to give Africa’s richest man, Aliko Dangote, a run for his money.

He had said that he founded Alpha Trust Investment Club (ATIC) Limited in 2018 with a modest sum of N54 million, but the investment is now worth over N20 billion.

“That will be my full time business from Wednesday, May 1 when I fully disengage. We have been investing and now we want to go into full time business and we will in the next 10 years give Dangote a run for his money,” Adeoye had said.

However, he denied saying he is competing with Forbes’ richest African on Arise Television’s ‘The Morning Show’, adding that he never amassed wealth or abused his office.

According to him, the civil service rules and police code of conduct do not bar anyone from investing, neither is the law against buying shares.

He also said his activities in an investment club he co-founded never conflicted with his job as a policeman.

During the programme, Adeoye urged the hosts to provide the clip where he said he was now a billionaire as reported.

His words: “I have never said anything of such. I weigh my words before I utter them and every word say, I say in good faith. I never said I am now a billionaire and anyone who has proof to the contrary is challenged to produce it.

“Now, as to whether I have used my office (by running an investment club). Those who make their assertion should also prove that if they have evidence.

“Civil service rules and police code of conduct do not bar anyone from investing. There is no law against buying shares. There is no law against investing in land or property. The only thing is that you must be able to justify the means. Civil servants belong to cooperatives. I am a member of the police cooperative. There is no law against it.”

He said during his service period, he equipped himself through trainings in Nigeria and abroad and gained financial education, leading to the establishment of an investment club in 2018 by members of a from he had lectured.

On the allegation that a search at Corporate Affairs Commission (CAC) and on Google failed to establish that the club was legally registered, he said he did the same search himself and found several entries that explained to the world what the investment club does and its mode of operation.

It is an investment club that has a loan arm that is registered with the Lagos state government as a cooperative and we are registered with the CAC. I have our certificate of registration here, and I hereby display it for the world to see. Not only are we registered with the CAC, our annual filings are up to date with them,” he said.

“Like I mentioned earlier, our known arm is also registered with the state government as a cooperative. Here is our SCUML certificate issued by the EFCC. So you can begin to see when someone says we don’t exist, we are not registered, and I’ve shown evidence that we are, including registration with the EFCC.

“The inspector general of police is a disciplinarian. He does not tolerate nonsense and the IG will not condone an officer going into anything that is against the ethics of the job, and will look on. The IG never does that.

“The IG forwarded the petition to me in the spirit of fairness, and I replied, addressing every issue that was raised in the petition. He was satisfied.”

He furthered that the club pays all the taxes related to its transactions and the accounts are available to its 1,400 members, some of whom are based in Europe.

The club has communicated with the Federal Inland Revenue Service (FIRS) and the Securities and Exchange Commission (SEC) to find out if its activities are within their purviews, he disclosed.

The retiree blamed the fraud allegations on some “renegade” members of the club who were expelled “for criminal activities.”

He clarified that ATIC is an investment forum and not a limited liability company.

“Our purpose is to invest, not to do business. So we don’t have an office. We don’t have overhead costs, we have no employees, we don’t pay salaries, we don’t run generator, we have no official cars, we don’t refund the expenses of any kind.

“We never campaigned publicly for membership. Our members inform their relations and friends who might be interested and for the five years of our existence, we have paid dividends every year without fail. We pay dividends once a year.

“Our membership due is N5,000 per member per annum. You must be a Nigerian, irrespective of where you are domiciled in the world. You must have a visible means of livelihood, which we verify. Usually we demand to see workplace identity card and we do further to verify. We do background check.

“We insist that any member we are to admit must not have a criminal record or a pending criminal matter at any police formation in Nigeria. Those who are pending matters with EFCC are excluded. Majority of our members are Nigerian professionals all over the world,” he added.

In January 2024, a group had petitioned Kayode Egbetokun, the Inspector General of Police (IGP), asking him to intervene in an alleged case of fraud and misappropriation of funds by Adeoye.

The group accused him of operating a “Ponzi scheme” and misappropriating funds meant for investments in Alpha Trust Investment Club (ATIC), the cooperative co-founded by him.

He denied the allegations at the time.


https://www.informationng.com/2024/05/i-never-said-im-a-billionaire-retired-anambra-cp-denies-running-ponzi-scheme.html

Anything Emi lo Kan Touches Dies, Duchess Meghan Markie Beware

Nigerians Can Abuse of Privileges

At Least Osinbajo Was Useful With Traders Moni ,Apart From Calling Peter Obi’s Name , What is Shettima Good at?? Redundant VP

Another Yahoo Cashout Project

So Fixing old dilapidated roads will weaken Naira, fixing power will weaken Naira? I hear u our dear Minister.

Umahi knows where his bread is buttered. But the fact that he is doing their bidding and spearheading a colossal project to appease his paymasters, instead of channeling those resources across the dilapidated road network of Nigeria is a recipe for "cold breakfast". He'll see!

Yet he Governed a state that still Remains the Least in Every Positive facet of Developmental indexes in the South East. Least in Education,Top on Poverty

Muslim/Muslim Here We Are EMOTIONS Don't win election, use your brain and choose your state over personal vendetta.

Lagos/Calabar Yahoo Coaster Highway Project

Dangote Has Lost 46% of his Wealth since APC Took Office.

While Other Billionaires Have Doubled or Even Tripled Their Wealth, Every Single Month For The past 9 Years, Dangote Has Become Poorer.

By The Time Tinubu Finishes His Tenure, Dangote May No Longer Have Billionaire sSatus.

Dangote has lost 46% of his wealth since APC took office.

While other billionaires have doubled or even tripled their wealth, every single month for the past 9 years, Dangote has become poorer.

By the time Tinubu finishes his Tenure, Dangote might no longer have billionaire status.

Poison

adecz:
Ewedu 🤢🤢🤢🤢

It Looks Like A Very Dangerous Poison to Me, Am Sure its, ABEG Make Una Dey Try Eat Good Food

Zonefree:
Amala and Ewedu.

Why is Edo State Not Among The Coaster State ? Abi Tinubu & Umahi Don Take Ice?

Another Dubious & Fraudulent Cashout Project

"Its Better to Drink Cold Beer And Say The Truth Than to Drink Anointing Oil And Tell Lies" Oshiomhole Analysed, Dished Out Honest Fact

Share it into Equal Portion, And Let Peace Reign

Na dem.wan Eat Jollof Rice, So Anything They See Make Dem Bear ram

There is Nothing to Brag About ,These Are Local Government Chairmen Projects in Lagos .

Dear Ladies, Just This Hair Style & intelligent, Brain to Think Smart, is What All Men Want.... ❤

"Dear Men Hope I speak Your Mind?"

Breakfast Served, Go Through Your Food Menu & Chose your Breakfast Wisely

The motive will be clear to EVERYONE in a matter of time. This ethnic rivalry taken too far!
It’s a fallout of the post election hate and cutting to size of an ethnic group.

I Have Already Concluded That Mohbad Died Childless

dangermouse:
Looking at the baby , one can see no atom of semblance with mohbad.

Both him and wife are dark complexioned while son is very very fair complexioned.

There is something fishy I must agree!

There is no need still running around with this DNA test sth, it should just be concluded that the boy is not mohbad's son & hence wummi should vacate & not come close to mohbad's properties again.