SFU Arrested 21 years old for defrauding investors of more than N2 billions.

The Police Unique Fraud Device (PSFU) have actually apprehended Dominic Joshua Ngene, the Handling Director of Vigorous Resources Limited.

Ngene, 21, remains in custody for allegedly drawing away capitalists’ funds worth over N2billion.

He is accused of deceiving people to invest in Bitcoin, forex trading, real estate, oil, and gas.

Ngene assured 60% Return on Investment (ROI) monthly on every sum spent, plus the assurance of the invested principal.

The Scams Unit claimed Joshua, an Ebonyi indigene, ran the company from Uyo, Akwa Ibom.

He guided prospects to Instagram, Facebook, Linked In, and publications, claiming to be a thriving economic capitalist.

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Joshua admitted to the criminal offence yet pleaded to be given time to return the cash, SFU Commissioner Anderson Bankole said in a declaration.

The Authorities discovered the funds of over 500 financiers were drawn away to fund an extravagant lifestyle, parties, exotic autos, deluxe watches, properties in Abuja, Lagos and Port-Harcourt.

” Several of the properties/items purchased with the drawn away funds have actually been recuperated as exhibitions while the suspects will be credited the Federal High Court as quickly as the strike by the Judiciary Personnel Union of Nigeria (JUSUN) is called off.”

The SFU warned Nigerians versus investment and profile supervisors who promise high returns.