TESSY IGOMU gives insight into the enthralling lives of Nigeria’s foremost Ponzi scheme gurus, their sudden enrichment, lavish lifestyles and exotic collections, while referencing a gripping life of pain and yearnings of unlucky, high yield-seeking investors ensnared by their many antics

Currently said to be on the run, Bamise Ajetumobi, the founder of Imagine Global Solution Limited, a company that is into a micro lending investment scheme, was accused of expending $50,000 to acquire the citizenship of the Caribbean islands of Antigua and Barbuda for himself and his family in a bid to escape the long arm of the law and the wrath of angry and frustrated investors.

The anger of the high yield-seeking investors stemmed from the loss of an estimated N22bn invested in the company established by Bamise and his wife. As claimed by the aggrieved victims, Bamise promised a bogus Return on Investment of between 3.5 and 10 per cent monthly. The funds were said to have been invested in an array of business concerns that included forex, real estate, equities and bonds, among others.

On the company’s website, investors were asked to commit N100m in exchange for a return of between 10 and 36 per cent per annum depending on the capital amount, while a six-month investment was meant to attract six to nine per cent RoI.

However, accusations of lavish lifestyle, deceit and greed, among other factors, crippled Bamise’s capacity to fulfil his…

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