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Brisk Capital MD offering ‘60% ROI’ arrested over ‘N2bn investment fraud’

 


Operatives of the police special fraud unit (PSFU) have arrested Dominic Ngene Joshua, the managing director of Brisk Capital Limited, for allegedly diverting investors’ funds worth over N2 billion.


Joshua was accused of conning individuals to invest in Bitcoin, forex trading, real estate and oil & gas with a promise of prompt and accurate 60% return on investment (ROI) per month on every sum invested, plus guarantee of the invested principal.

 

The police SFU announced his arrest in a statement issued on Monday.

 

Joshua, a 21-year-old indigene of Ebonyi state, operates the investment firm from Uyo, Akwa Ibom state capital.


According to the police, Joshua lures victims on social media platforms such as Instagram, Facebook and LinkedIn, as well as via newspaper publications where he claimed to be a financial investor of repute that manage funds for individuals and companies.

 

The police said Joshua has confessed to the crime but pleaded to be given time to return the money.

 

“The funds, which belong to over 500 investors, were diverted to sponsor extravagant lifestyle, parties, exotic cars, luxury watches, real estates in Abuja, Lagos and Port-Harcourt,” the statement read.

 

“Some of the properties/items purchased with the diverted funds have been recovered as exhibits while the suspects will be charged to the Federal High Court as soon as the strike by Judiciary Staff Union of Nigeria (JUSUN) is called-off.”

 

Anderson Bankole, commissioner of Police in charge of the SFU, advised the public to be wary of investment and portfolio managers that suspiciously promised very high returns.

 

He noted that the SFU was willing to provide credible information to genuine prospective investors who approach the unit for background checks.

 

Bankole assured that the unit will not relent in its efforts towards bringing fraudsters that are giving the country a bad name to book.

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