Alleged $87 Million Fraud: Police Arrest Afriq Arbitrage CEO, Jesam Michael - Crime (2) - Nairaland
Nairaland Forum › Nairaland General › Crime › Alleged $87 Million Fraud: Police Arrest Afriq Arbitrage CEO, Jesam Michael (11048 Views)
| Re: Alleged $87 Million Fraud: Police Arrest Afriq Arbitrage CEO, Jesam Michael by osuofia2(m): 7:20pm On Jan 30, 2025 |
People still fall for this scam? Getting your money back is always a problem |
| Re: Alleged $87 Million Fraud: Police Arrest Afriq Arbitrage CEO, Jesam Michael by lereinter(m): 7:36pm On Jan 30, 2025 |
SpaceX:Even dangote will not give an open invitation to make people rich Have you quadruple the money of all your family members extended and nuclear? |
| Re: Alleged $87 Million Fraud: Police Arrest Afriq Arbitrage CEO, Jesam Michael by lereinter(m): 7:41pm On Jan 30, 2025 |
RealLordZeus:You think it's ordinary for someone to just pack his or her money to go give someone The mouth they use in canvassing has been lined Forget the suit they wear, under it na serious ogun |
| Re: Alleged $87 Million Fraud: Police Arrest Afriq Arbitrage CEO, Jesam Michael by SocialJustice: 7:42pm On Jan 30, 2025 |
Domaining101:N100m for okala, N100m for accommodation and refreshments first. 140 billion still dey steam. Imagination too sweet. 🤣🤣🤣 1 Like |
| Re: Alleged $87 Million Fraud: Police Arrest Afriq Arbitrage CEO, Jesam Michael by Gotocourt: 7:43pm On Jan 30, 2025 |
Domaining101:Poverty awaits you |
| Re: Alleged $87 Million Fraud: Police Arrest Afriq Arbitrage CEO, Jesam Michael by Iamkingoj1: 8:03pm On Jan 30, 2025 |
Yugoslavia247: |
| Re: Alleged $87 Million Fraud: Police Arrest Afriq Arbitrage CEO, Jesam Michael by Akanoaaa(m): 8:05pm On Jan 30, 2025 |
 Domaining101:aa |
| Re: Alleged $87 Million Fraud: Police Arrest Afriq Arbitrage CEO, Jesam Michael by Kobicove(m): 8:35pm On Jan 30, 2025 |
Inspired70:So you follow dey among the victims? |
| Re: Alleged $87 Million Fraud: Police Arrest Afriq Arbitrage CEO, Jesam Michael by SalamRushdie: 8:36pm On Jan 30, 2025 |
zebszebs:Is that why anybody in your lineage has never had it ? |
| Re: Alleged $87 Million Fraud: Police Arrest Afriq Arbitrage CEO, Jesam Michael by zebszebs: 9:05pm On Jan 30, 2025 |
SalamRushdie:O dun werey 🤣🤣🤣 E pain the bastard!!! |
| Re: Alleged $87 Million Fraud: Police Arrest Afriq Arbitrage CEO, Jesam Michael by Sonofgod1990(m): 9:07pm On Jan 30, 2025 |
Domaining101:Watin dey hungry you. Children of linvenchy  |
| Re: Alleged $87 Million Fraud: Police Arrest Afriq Arbitrage CEO, Jesam Michael by jojothaiv(m): 9:10pm On Jan 30, 2025 |
zebszebs:Bars of realities... |
| Re: Alleged $87 Million Fraud: Police Arrest Afriq Arbitrage CEO, Jesam Michael by Obakoolex(m): 9:59pm On Jan 30, 2025 |
RealLordZeus:Remove cbex from your list please. Ignorance might not let you know how people are raking in millions monthly from it. |
| Re: Alleged $87 Million Fraud: Police Arrest Afriq Arbitrage CEO, Jesam Michael by 4ward4: 11:32pm On Jan 30, 2025 |
free2ryhme:Not the tale. He claimed to be sick and needed medicals in India, he claimed to pass on all loggins to the next in command. On coming back he claimed the next in command stole ,thinking he won't be back alive . He inflated the said sum, police stepped in and the next in command agreed to pay back but clearly stated the boss inflated the money. The sick man was asked for a medical prove but he couldn't provide any and he was trying to reclaim all what was stolen in his name. |
| Re: Alleged $87 Million Fraud: Police Arrest Afriq Arbitrage CEO, Jesam Michael by ballerboy: 11:40pm On Jan 30, 2025 |
Mosquito get brain pass you |
| Re: Alleged $87 Million Fraud: Police Arrest Afriq Arbitrage CEO, Jesam Michael by TossTos(m): 2:02am On Jan 31, 2025 |
I knew this AAS jesam is scam , I almost fall into it . Thank God for SAPA that time .. He come on cried foul he was fraud by people he entrust the system with for him to go treat himself. Take health issue to cover up .. |
| Re: Alleged $87 Million Fraud: Police Arrest Afriq Arbitrage CEO, Jesam Michael by RealLordZeus(m): 5:29am On Jan 31, 2025 |
Obakoolex:E go soon clear 1 Like |
| Re: Alleged $87 Million Fraud: Police Arrest Afriq Arbitrage CEO, Jesam Michael by Sahmytee001: 7:41pm On Jan 31, 2025 |
Obakoolex:Una no dey learn honestly. Very soon Just calma. |
| Re: Alleged $87 Million Fraud: Police Arrest Afriq Arbitrage CEO, Jesam Michael by Obakoolex(m): 11:32pm On Jan 31, 2025 |
Sahmytee001:Sit-down there dey run ya mouth for wetin you no know... I don rake more than #5million with $300 I started with. |
| Re: Alleged $87 Million Fraud: Police Arrest Afriq Arbitrage CEO, Jesam Michael by Sahmytee001: 8:26am On Feb 01, 2025 |
Obakoolex:You always earn until you don't. Same thing happened with this useless AAS |
| Re: Alleged $87 Million Fraud: Police Arrest Afriq Arbitrage CEO, Jesam Michael by Obakoolex(m): 9:24am On Feb 01, 2025 |
Sahmytee001:Normal business can happen like that too, but have gained from this already. 1 Like |
| Re: Alleged $87 Million Fraud: Police Arrest Afriq Arbitrage CEO, Jesam Michael by SensetionalGoal(m): 9:39pm On Mar 31, 2025 |
FROM MOBUTU SESESEKU ONE OF THE COMRADES IN ABUJA. I visited the EFCC office on Friday and met with Nura, the head of the Bank Fraud Unit. I mentioned that I had seen on social media that the properties confiscated from Jescam were up for sale and asked if he was aware of it. He couldn't give me an answer and simply stated that he had nothing to say on the matter. However, from his demeanor, it was clear that he was well aware of the situation. He also blamed the investors for failing to conduct proper due diligence before investing in AAS, stating that they should have visited the EFCC and SEC to verify its legitimacy. I pointed out that Jescam had presented us with a SCUML certificate issued by the EFCC, which convinced many people that AAS was legitimate. However, he dismissed this, insisting that it was insufficient due diligence. According to him, greed was the main reason people invested in AAS. Nura and his colleagues at the office showed no sympathy toward investors who had lost their money to Jescam. It was clear from his attitude that he found our concerns irritating. He emphasized that what the EFCC needed from investors were withdrawal statements so they could calculate the total withdrawals and determine what was still owed. He mentioned that some investors had already submitted their statements and that the EFCC was currently reviewing them. To illustrate, he told me about a woman from Kano who had invested $1 million in AAS. He even showed me her withdrawal statements, explaining that their investigation—conducted in Jescam’s presence—confirmed that she indeed had that amount in the scheme, and Jescam had acknowledged it. He admitted that Jescam was operating a Ponzi scheme. However, he made it clear that the EFCC would not be responsible for issuing refunds. Once their investigation was complete, the case would be taken to court, and only a judge could decide whether investors should be repaid. He further claimed that many investors were reluctant to submit their withdrawal statements because they had already withdrawn more than their initial capital. According to him, if investors refused to provide their statements, the EFCC would only present the cases of those who did to the judge, arguing that they were the ones eligible for refunds based on their findings. He also mentioned that the EFCC is only handling the criminal aspect of the investigation. If we have the resources to pursue Jescam in a civil case, we should go ahead. However, he jokingly added that we would need to be very strong to stand against Jescam in court. |
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