Dominic Joshua promised investors 60 percent Return On Investment
The Chief Executive Officer of Brisk Capital Limited, Dominic Joshua has been arrested by the special fraud unit of the Nigerian Police Force in Lagos for allegedly diverting over N2 billion in investor funds.
The 21 year old from Ebonyi state operates in Uyo in Akwa Ibom where he lures individuals to invest in Bitcoin, forex trading, real estate, and oil & gas with a promise of 60% return on investment.
He also lures people on social media platforms such as Instagram, Facebook and LinkedIn.
Joshua was arrested following petitions to the Unit by several investors and verified intelligence reports gathered on the activities of the company.
The Commissioner of Police in charge of the fraud unit, Anderson Bankole said the funds which belong to over 500 investors were diverted to sponsor extravagant lifestyle, parties, exotic cars, luxury watches and real estates in Abuja, Lagos and Port Harcourt.
Bankole disclosed that Joshua confessed to the crime but pleaded to be given time to return the monies.
“Some of the properties/items purchased with the diverted funds have been recovered as exhibits while the suspect will be charged to court as soon as the strike by Judiciary Staff Union of Nigeria (JUSUN) is called off,” He said.
The commissioner also advised the public to be wary of investment/portfolio managers that promise very high returns on investments.