By Stellamaries Amuwa, Abuja
A group, Coalition of Civil Society for Good Governance (CCSGG) IN collaboration with victims of AFRIQ ARBITRAGE SYSTEM (AAS) has called on the Economic and Financial Crimes Commission (EFCC) to arrest, investigation and prosecute Mr. Jesam Michael and his entire management team with a view to recovering their invested funds.
This was made known during a press conference held yesterday in Abuja.
According to the National Coordinator of CCSGG, Comrade Okpanachi Jacob stated that some of the victims have been pushed out of businesses, many marriages broken due to this criminal act of swindling by CEO of AAS and his accomplices.
Comrade Okpanachi said, “Our attention was drawn to activities of one Mr Jesam Michael who have scammed investors from over 127 countries with a great number from Nigeria, through a trading platform called AFRIQ ARBITRAGE SYSTEM (AAS).
With a promise of an acceptable return on investment (ROI), a hack proof system and a daily ROI remittance, AAS after a few months of operation have converted a whooping sum of about $87,000,000:00 (Eighty Seven Million Dollars) of investor’s money to personal use.
“To the unsuspecting victims he keep providing various excuses on why the platform stopped operation until he alleged that the so called hack proof system was hacked by his own confidant and accomplice one Abayomi.
“While this is happening we become interested in ensuring justice for this innocent Nigerians from the relevant anticorruption agencies as lives are been lost, businesses are been grounded and investors are been arrested by banks on a daily basis due to losses incurred through this investment scam by AAS.
Meanwhile, Engr. Awaji-Oma Fimienye who is one of the victims of Afriq Arbitrage System Scam appeals to the Economic and Financial Crimes Commission (EFCC) to act fast as more innocent Nigerians might fall into the traps of this scam by AAS as he kept on dispensing false hope to some of us while spending our hard earned money on his personal venture.
Fimienye said, “We are in no doubt on the capacity of Economic and Financial Crimes Commission (EFCC) to handle this issue in line with the commitment of the current administration’s renewed hope agenda in the fight against corruption
Coalition of Civil Society for Good Governance (CCSGG) is an umbrella body for over 52 civil society groups with special interest on accountability and good governance in both public and private sector, playing a pivotal role in the fight against corruption as diagonal agents of accountability.
