Oyogist.com has learned that operatives of the police special fraud unit (PSFU) have arrested Dominic Ngene Joshua, the MD of Brisk Capital Limited, for his involvement in the diversion of investors’ funds worth over N2 billion.
Joshua Reportedly promised investors a whopping 60% return on investment (ROI) per month on every sum invested, capital inclusive.
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.
The police said pleaded guilty to the crime but urged them to given him time to return the investors their 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.
“Andersonn 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.
