Ponzi Scheme: Court Orders Ajetunmobi Couple To Pay Victims N19bn

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Ponzi Scheme: Court Orders Ajetunmobi Couple To Pay Victims N19bn

Bamise Samson Ajetunmobi and his wife, Elizabeth Anuoluwapo Ajetunmobi have been ordered to pay N19 billion to the victims of their ponzi scheme.

A Lagos State High Court in Ikoyi ruled against the couple who used their company, Imagine Global Holding Company Ltd, Imagine Global Solutions Ltd to defraud their victims.

The order was given on Thursday by Justice Taofiquat Oyekan-Abdullahi.

The judge delivered judgment in a suit filed by 27 claimants who sued for themselves and 118 investors of Imagine Global Solutions Ltd.

The company ran lending service to small and medium businesses, offering 22 percent as interest on loans received and 10 percent returns to investors.

The litigants approached the court through their lawyers Adetunji Adedoyin-Adeniyi of AAA Chambers and Banwo & Ighodalo and Co.

In a suit marked LD/579CM/2021, they sought several declarations and orders against the couple and the companies.

In preliminary objections filed by their counsel Olukunle Nathan-Marsh, the Ajetunmobis, who did not appear in court, asked the court to throw out the case.

But Justice Abdullahi-Oyekan dismissed the objections and granted all the declarations and orders sought by the investors.

The judge ordered the couple to pay the N15,541,350 at 10 percent interest per annum, “being the outstanding investment sums accruing to the 1st to 17th claimants, who are investors; together with all other listed investors, in the second defendant’s company, upon the maturity of the respective investments and the accrued return on investments thereon”.

The Ajetunmobis were also ordered to pay N3,387,450 at 10 percent interest per annum, “being the outstanding investment sums accruing to the 18th to 27th claimants who are investors; together with all other listed investors, in the second defendant’s company, upon the maturity of the respective investments and the accrued return on investments thereon.”

Imagine Global was registered in 2017 and had around 100,000 subscribers.

The couple reportedly fled to London, where they incorporated a branch in August 2019.