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$87m Theft: Abayomi Remanded As Court Adjourn Till October

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2 years ago

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$87m Theft: Abayomi Remanded As Court Adjourn Till October The Federal High Court sitting in Abuja on Monday, July 24th, 2023 has adjourned the arraignment of Abayomi OluwaSesan and Onifade Adeniyi who were charged by the Inspector General of Police, Kayode Egbetokun, for gaining access to millions of subscribers’ investments at the Afriq Arbitrage Company online trading platform to October 9th, 2023. They were accused of stealing, diverting and converting the sum of $87,883,904 (N75b based on black market rate) USD to personal use. In the charge sheet with Suit No: FHC/ABJ/CR/289, the IGP’s lawyer, Wisdom Madaki charged the duo and others now at large on 10 counts bordering on cybercrime, money laundering and advanced fee fraud, allegedly perpetrated against the trading platform. The police alleged they were able to commit the offence by fraudulently changing the ownership credentials of the Company’s Chief Executive Officer, Jesam Michael, among other things. When the matter was called up before Justice Binta Nyako, the suspects lawyer raised the objection that they have obtained an injunction to contest the issue of their human right. The honorable judge rhetorically asked him if the case is in Lagos why is he in the court room today? The issue at the federal high court is not a human right issue but a criminal issue which supercede the so called objection raised by the suspects lawyer. The honorable judge reminded him that he is not helping matter but that since that's what's he preferred, he should go to Algis court and sort our the issues first and come back to her court to continue the criminal case. She, however reminded him that the court won't be in session till October. Thus, she adjourned the case till October 9th, 2023. It would be recalled that Abayomi Segun Oluwasesan, who was employed by his boss on the 15th of June, 2022 to work as a web developer, literally tempered with the platform at a time when his boss, Jesam Micheal went for a liver transplant and entrusted the codes to him. Overwhelmed by greed, Abayomi who was entrusted with the sensitive data for the smooth operations of the company, engaged the services of his cohorts, disrupting the smooth operations of the platform and stealing hard-earned investors' money running into several billions. Checks revealed that AAS is a global phenomenon with over 100,000 investors from over 75 counties. Thinking his employer, Jesam Micheal would not survive the operation, he withdrew several millions of dollars and became an instant rich dude with an astonishing flamboyant lifestyle overnight. His first criminal act was obtaining a Ghania passport which he used in acquiring other international residency and properties. He became the owner of a car dealership known as FIDORAY Autos and imported over 30 exotic wonders on wheels. He acquired Tanzanian and Dubai citizenship. Aside from that, he bought state-of-the-art properties in the UK, Dubai, Tanzania, and Nigeria. One of the plazas he acquired in Lagos was to the tune of N450m, landed properties around Dangote refineries to the tune of N1b, and splashed a billion naira on the interior decoration of the Mesh 3-star hotel in Mainland, Lagos State. A nobody Abayomi was travelling across the globe with investors' money on first-class tickets. His dubious activities literally crashed the lucrative platform on the 15th of May, 2023.

$87m Theft: Abayomi Remanded As Court Adjourn Till October

 

 

The Federal High Court sitting in Abuja on Monday, July 24th, 2023 has adjourned the arraignment of Abayomi OluwaSesan and Onifade Adeniyi who were charged by the Inspector General of Police, Kayode Egbetokun, for gaining access to millions of subscribers’ investments at the Afriq Arbitrage Company online trading platform to October 9th, 2023.

 

 

 

They were accused of stealing, diverting and converting the sum of $87,883,904 (N75b based on the black market rate) USD to personal use.

 

In the charge sheet with Suit No: FHC/ABJ/CR/289, the IGP’s lawyer, Wisdom Madaki charged the duo and others now at large on 10 counts bordering on cybercrime, money laundering, and advanced fee fraud, allegedly perpetrated against the trading platform.

 

 

$87m Theft: Abayomi Remanded As Court Adjourn Till October The Federal High Court sitting in Abuja on Monday, July 24th, 2023 has adjourned the arraignment of Abayomi OluwaSesan and Onifade Adeniyi who were charged by the Inspector General of Police, Kayode Egbetokun, for gaining access to millions of subscribers’ investments at the Afriq Arbitrage Company online trading platform to October 9th, 2023. They were accused of stealing, diverting and converting the sum of $87,883,904 (N75b based on black market rate) USD to personal use. In the charge sheet with Suit No: FHC/ABJ/CR/289, the IGP’s lawyer, Wisdom Madaki charged the duo and others now at large on 10 counts bordering on cybercrime, money laundering and advanced fee fraud, allegedly perpetrated against the trading platform. The police alleged they were able to commit the offence by fraudulently changing the ownership credentials of the Company’s Chief Executive Officer, Jesam Michael, among other things. When the matter was called up before Justice Binta Nyako, the suspects lawyer raised the objection that they have obtained an injunction to contest the issue of their human right. The honorable judge rhetorically asked him if the case is in Lagos why is he in the court room today? The issue at the federal high court is not a human right issue but a criminal issue which supercede the so called objection raised by the suspects lawyer. The honorable judge reminded him that he is not helping matter but that since that's what's he preferred, he should go to Algis court and sort our the issues first and come back to her court to continue the criminal case. She, however reminded him that the court won't be in session till October. Thus, she adjourned the case till October 9th, 2023. It would be recalled that Abayomi Segun Oluwasesan, who was employed by his boss on the 15th of June, 2022 to work as a web developer, literally tempered with the platform at a time when his boss, Jesam Micheal went for a liver transplant and entrusted the codes to him. Overwhelmed by greed, Abayomi who was entrusted with the sensitive data for the smooth operations of the company, engaged the services of his cohorts, disrupting the smooth operations of the platform and stealing hard-earned investors' money running into several billions. Checks revealed that AAS is a global phenomenon with over 100,000 investors from over 75 counties. Thinking his employer, Jesam Micheal would not survive the operation, he withdrew several millions of dollars and became an instant rich dude with an astonishing flamboyant lifestyle overnight. His first criminal act was obtaining a Ghania passport which he used in acquiring other international residency and properties. He became the owner of a car dealership known as FIDORAY Autos and imported over 30 exotic wonders on wheels. He acquired Tanzanian and Dubai citizenship. Aside from that, he bought state-of-the-art properties in the UK, Dubai, Tanzania, and Nigeria. One of the plazas he acquired in Lagos was to the tune of N450m, landed properties around Dangote refineries to the tune of N1b, and splashed a billion naira on the interior decoration of the Mesh 3-star hotel in Mainland, Lagos State. A nobody Abayomi was travelling across the globe with investors' money on first-class tickets. His dubious activities literally crashed the lucrative platform on the 15th of May, 2023.

 

The police alleged they were able to commit the offence by fraudulently changing the ownership credentials of the Company’s Chief Executive Officer, Jesam Michael, among other things.

When the matter was called up before Justice Binta Nyako, the suspects’ lawyer raised the objection that they have obtained an injunction to contest the issue of their human rights.

 

 

The honorable judge rhetorically asked him if the case is in Lagos why is he in the courtroom today?

The issue at the federal high court is not a human rights issue but a criminal issue that superseded the so-called objection raised by the suspects’ lawyers.

The honorable judge reminded him that he is not helping matter but that since that’s what’s he preferred, he should go to Algis court and sort our the issues first and come back to her court to continue the criminal case. She, however reminded him that the court won’t be in session till October. Thus, she adjourned the case till October 9th, 2023.

It would be recalled that Abayomi Segun Oluwasesan, who was employed by his boss on the 15th of June, 2022 to work as a web developer, literally tempered with the platform at a time when his boss, Jesam Micheal went for a liver transplant and entrusted the codes to him.

 

 

Overwhelmed by greed, Abayomi who was entrusted with the sensitive data for the smooth operations of the company, engaged the services of his cohorts, disrupting the smooth operations of the platform and stealing hard-earned investors’ money running into several billions.

 

 

Checks revealed that AAS is a global phenomenon with over 100,000 investors from over 75 counties. Thinking his employer, Jesam Micheal would not survive the operation, he withdrew several millions of dollars and became an instant rich dude with an astonishing flamboyant lifestyle overnight. His first criminal act was obtaining a Ghania passport which he used in acquiring other international residency and properties. He became the owner of a car dealership known as FIDORAY Autos and imported over 30 exotic wonders on wheels. He acquired Tanzanian and Dubai citizenship. Aside from that, he bought state-of-the-art properties in the UK, Dubai, Tanzania, and Nigeria.

 

 

One of the plazas he acquired in Lagos was to the tune of N450m, landed properties around Dangote refineries to the tune of N1b, and splashed a billion naira on the interior decoration of the Mesh 3-star hotel in Mainland, Lagos State.

 

 

A nobody Abayomi was travelling across the globe with investors’ money on first-class tickets. His dubious activities literally crashed the lucrative platform on the 15th of May, 2023.

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Sahara weekly online is published by First Sahara weekly international. contact saharaweekly@yahoo.com

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#FreeVDM Trends as EFCC Secures Court Order to Remand VeryDarkMan Over Alleged Cybercrime

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20 hours ago

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May 6, 2025

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#FreeVDM Trends as EFCC Secures Court Order to Remand VeryDarkMan Over Alleged Cybercrime

#FreeVDM Trends as EFCC Secures Court Order to Remand VeryDarkMan Over Alleged Cybercrime

The Economic and Financial Crimes Commission (EFCC) has obtained a court order to remand controversial social media activist Martins Otse, popularly known as VeryDarkMan (VDM), pending the conclusion of an investigation into alleged cybercrime offences.

VDM was dramatically arrested last Friday outside a bank in the Wuse area of Abuja by a combined team of EFCC operatives, Department of State Services (DSS) officers, and the Nigeria Police Force. Eyewitnesses say the activist was apprehended moments after leaving the bank, sparking immediate online outrage.

The arrest has ignited a social media firestorm, with the hashtag #FreeVDM dominating trends across platforms throughout the weekend. Many critics argue that the arrest is yet another attempt by authorities to intimidate dissenting voices online.

“The remand order was granted to allow us to complete our investigation and finalize the charges,” a senior EFCC official told reporters, noting that charges would be filed under the Cybercrimes Act once investigations are complete.

Sources familiar with the case say the EFCC is building a case focused on alleged violations involving online financial misconduct, which fall under the commission’s purview.

As of Monday morning, VDM remains in EFCC custody, with his legal team led by rights activist Deji Adeyanju confirming efforts to gain access to him and prepare a legal response.

“We are seeking to visit our client and are reviewing the legal implications of his arrest,” Adeyanju said in a statement.

Despite the mounting public interest and widespread speculation, the EFCC has yet to release an official statement detailing the arrest or outlining the specific charges VDM may face.

The arrest of VeryDarkMan adds to growing concerns over press freedom and digital expression in Nigeria, where several social media commentators have recently faced legal action for controversial posts.

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David Abioye Begins New Chapter with Launch of Living Word Conquerors Global Assembly

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2 days ago

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May 5, 2025

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David Abioye Begins New Chapter with Launch of Living Word Conquerors Global Assembly

David Abioye Launches New Church, Living Word Conquerors Global Assembly, Amid Jubilant Crowd

Former Vice President and retired pastor of the Living Faith Church Worldwide, Bishop David Abioye, has officially inaugurated his new ministry, Living Word Conquerors Global Assembly, marking a new chapter in his over four-decade-long spiritual journey.

The launch took place today, Sunday, May 4, 2025, during the ministry’s first Sunday service, which saw a massive turnout of enthusiastic worshippers. The atmosphere was charged with excitement as congregants gathered to witness what Abioye described as the “manifestation of God’s eternal purpose.”

In a passionate address during the inaugural service, Abioye emphasized that the establishment of the new church was not the result of public opinion or personal ambition, but a divine assignment birthed from deep spiritual conviction.

“May I make it very clear that the inauguration of this assembly is not in response to demands of people to start a church,” Abioye declared. “But by the emergence of God’s eternal purpose, ordained from the foundation of the word, which is just coming to light at His own time.”

The renowned cleric explained that the Living Word Conquerors Global Assembly is founded on divine direction and is dedicated to the spiritual development, edification, and victory of believers worldwide.

Clarifying his role in the new ministry, Abioye stated that he does not view himself as someone attempting to fulfill the entire Great Commission alone, but rather as a messenger raised for a specific divine assignment within God’s broader agenda.

“In the name of God the Father, God the Son, and God the Holy Spirit, for the spiritual development, edification, and triumph of the saints globally… this assembly is hereby inaugurated,” he declared, drawing a resounding “Amen” from the congregation.

The launch follows Abioye’s retirement from Living Faith Church in October 2024, alongside Pastor Thomas Aremu, after the church implemented a policy setting a mandatory retirement age for senior leaders. Abioye bowed out of active service at the age of 63, concluding a distinguished ministry career under the leadership of Bishop David Oyedepo.

As the curtain lifts on this new ministry, many see it not as a departure from Abioye’s legacy, but as a continuation of his divine calling—this time under a new banner with a global vision.

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Power in Service: Texas Outpouring 2025 Led by Prophet Samuel Akinbodunse Calls for Volunteers

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6 days ago

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May 1, 2025

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Power in Service: Texas Outpouring 2025 Led by Prophet Samuel Akinbodunse Calls for Volunteers

A spiritual wave is set to sweep across Dallas this October as the Outpouring Healing & Miracle Conference 2025 returns with greater power, purpose, and partnership. Hosted by Freedom for All Nations Outreach (FANO) of South Africa in collaboration with Power Haven Church (PHC) of Dallas, Texas, the two-day event is scheduled for October 3rd and 4th at 7 PM (CST) — with the venue to be announced soon.
Power in Service: Texas Outpouring 2025 Led by Prophet Samuel Akinbodunse Calls for Volunteers
Led by international minister Dr. Samuel Akinbodunse from South Africa , the conference promises an electrifying atmosphere of worship, healing, prophecy, and divine encounters. With an expected turnout of thousands, the organizers are making a call for volunteers to help support this mega-faith gathering.
The volunteer drive is open for various departments including:
Ushering
Protocol
Car Guard
Security
Music Ministry
Sound Engineering
Publicity
Logistics
Registration & Administration
Service Managers
Coordinators
Health Team
Welfare/Children Care
Transportation
Hospitality
Those willing to serve are encouraged to scan the QR code on the official event flyer to register and join the workforce powering this divine mission.
“This is more than just a conference — it’s a divine appointment,” said Dr. Akinbodunse. “We’re preparing a space where heaven meets earth, and every helping hand makes a difference.”
With a theme centered on healing and miracles, Outpouring 2025 is not only a spiritual highlight on the calendar, but also a unifying force drawing believers from across nations.
Stay tuned for the venue announcement and get ready to witness a powerful move of God in Dallas this October.
Power in Service: Texas Outpouring 2025 Led by Prophet Samuel Akinbodunse Calls for Volunteers

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