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Investigation: Top MLM Leaders Daniel Onoja, Tomiwa Orunnipin, Samuel Ajibare, Leo Bonaventure Others Indicted Over OmegaPro Fraud

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Investigation: Top MLM Leaders Daniel Onoja, Tomiwa Orunnipin, Samuel Ajibare, Leo Bonaventure Others Indicted Over OmegaPro Fraud

 

 

 

MLM leaders such as Tomiwa Orunnipin, Samuel Ajibare, Leo Bonaventure and others have been alleged by some Nigerian investors of aiding and abetting a Dubai-based company identified as OmegaPro Forex and Investment Trading Company to defraud Nigerians.

 

 

 

 

 

 

This is according to a statement signed by Dr. Ope Banwo, the Coordinating Attorney of OmegaPro Action Nigeria Class (OANC), a group formed by affected investors.

 

 

Investigation: Top MLM Leaders Daniel Onoja, Tomiwa Orunnipin, Samuel Ajibare, Leo Bonaventure Others Indicted Over OmegaPro Fraud

Photo Caption: Dilawar Singh, Co-founder, OmegaPro Forex and Investment Trading Company

 

According to the statement, the investors affected include widows, retirees, high-net-worth individuals, big business people, and even young people just starting in life.

In the statement seen by www.theoctopusnews.com, Dr. Banwo noted that the fraud cost Nigerians over $100,000,000 (over N100 Billion), with over $1 Billion of investors’ money allegedly stolen in over 70 countries around the world.

How The Fraud Was Hatched

OmegaPro Forex and Investment Trading Company emerged on the scene, promising Nigerians and investors in general a pathway to financial success.

The investment scheme gained popularity and trust among Nigerians and in the world, as many saw it as a ticket to financial freedom. However, little did they know that it was going to be one of the biggest investment tragedies in Nigeria’s history.

With an intricate web of deception and manipulation, alleged promoters of the scheme including Daniel Onoja, Tomiwa Orunnipin, Samuel Ajibare, Leo Bonaventure, and several top leader MLM Diamonds, painted the image of a foolproof investment opportunity with high returns and a secure investment environment.

Alleged promoters and agents such as Grace Udenwa Udoye, Wuraola Fadairo Orunupin, Olasebikan Oladapo, Maryann Ilorah, Chinwe Ikpe, Ajibare Olushola Ebunoluwa, Dotun Fatoyinbo,. Dr Afoma Nwolisa, and Matthew Ogunmodede, marketed the venture aggressively, touting its legitimacy and potential for lucrative earnings.

At that rate of marketing, investors couldn’t help but take the bait, especially as top agents and promoters in the MLM industry who carried significant influence within their networks also participated in the marketing exercise for OmegaPro.

They leveraged their status, persuading thousands of investors to entrust their hard-earned money with OmegaPro. Their endorsements created an illusion of credibility that typically lured in unsuspecting Nigerians.

Aside from this, they kept assuring Nigerian investors that rigorous due diligence had been conducted by them on OmegaPro’s Dubai-based owners and operations, implying that it was a legitimate and low-risk investment.

This way, investors put in their entire life savings, and pensions, while some even sold their houses and properties to invest in the OmegaPro ‘Forex’ trading activities.

For their services, these top promoters allegedly collected a 10 per cent commission from the OmegaPro Dubai company as a finders fee from the investment of every unsuspecting investor they referred to the scheme by selling it as a forex trading company.

At the height of what has now been declared a mega scam by investors, several of these top agents and promoters like Daniel Onoja, Tomiwa Orunnipin and Bonaventure Igboanugo allegedly earned over $50,000 weekly as finders’ fee commissions from 1000s of unsuspecting Nigerians whom they kept leading to believe that OmegaPro was a legit Forex Trading Company. Cumulatively, they allegedly earned over $2million each in over just a couple of years.

The Dubai company allegedly owned by known Dubai-based scammers such as Andreas Szackas, Dilawar Singh, Mike Simms with a long history of scamming people went as far as giving the investors a back office that showed that forex trading was going on in the company. These alleged forex trading activities have since been exposed by the USA CFTC as an elaborate scam to lure in people interested in forex trading on a global level.

According to Barrister Banwo, top promoters and agents of the biggest global forex scams in history allegedly used the illegal commissions and proceeds from this OmegaPro Ponzi scheme to buy huge mansions in choice places in Nigeria, Canada, the USA, and the United Kingdom leaving investors in pain.

“Daniel Onoja recently celebrated the purchase of a multi-million-dollar house in Canada, while Leo Bonaventure, recently posted videos of the housewarming of his own amazing multi-billion naira estate in Lagos. On his part, Leo Bonaventure, recently obtained a micro-banking license,” Banwo said.

While the promoters of the alleged scam smiled at the bank, investors have been crying having realised that the alleged due diligence said to have been conducted was non-existent, and their funds gone.

Interestingly, investigation has now shown that experts in forex trading had for the past three years been sounding the alarm bells that Omegapro was a scam and a Ponzi scheme.

These experts wrote articles and posted videos about OmegaPro, however, these Nigerian top agents and promoters pretended they did not see any of these warning signs as they continued to promote OmegaPro as a foolproof investment.

Climax Of The Scam

The pains of OmegaPro’s investors began in September 2022, when OmegaPro Dubai leaders, their collaborators all over the world, and Nigeria suddenly announced that its system had been hacked, and it stopped releasing payments of matured investments to investors all over the world. A few weeks later, the Dubai owners announced that they were migrating all their investors’ accounts to a new company called Brokers Domain until they could fix the breach in their system. Investors all over the world started getting nervous with some asking tough questions.

Then around April 2022, while over $1 billion of investors’ money in over 70 countries remained frozen, the owners and their top agents and collaborators announced the formation of a new company called Go Global and began aggressively recruiting Omegapro investors to invest in the new company with promises that their investments in OmegaPro would soon be released.

Many investors fell for this and started promoting the new Go Global company, while others started seeing the handwriting on the wall.

Finally, in August 2023, the OmegaPro owners based in Dubai, and their top promoters and agents announced that they would not be able to pay anyone’s Omegapro investment because the United States CFTC had frozen their accounts over some investigations affecting one of their partners named Mike Simms. However, they could not explain how Omegapro money could have been seized in the USA when they had earlier confirmed that the company does not have any office in the USA and did not have any license to operate direct or financial transactions in the USA.

As suspicions grew, with many investors asking for more details of this shocking announcement, OmegaPro leaders abruptly closed its doors, and many of their top Nigerian agents and promoters also went underground, leaving thousands of investors all over the world, including over 250,000 Nigerian investors in despair.

The company’s Dubai-based owners, Dilawar, Singh, and Paulo, and other top agents allegedly made off with millions of dollars in investments from over 70 countries all over the world, including an estimated N200 billion coming from Nigerian investors.

Amidst reports of a petition to the Economic and Financial Crimes Commission (EFCC), Interpol, and a pending class action lawsuit by affected Nigerian investors in the name of OmegaPro Action Nigeria, one is forced to X-ray the involvement of these agents and promoters all over the world, especially those of OmegaPro agents in Nigeria who aided and abetted the Dubai company to scam their citizens.

Questions such as were they complicit in the scheme, did they knowingly promote a fraudulent venture, or were they also victims of deception, were they willing accomplices, unwitting victims, should they be made to refund the billions of Naira they received in commissions for luring unsuspecting members of the public into parting with their hard-earned money into this global scam have been asked.

Typically, some maintain that the promoters are guilty of not doing their due diligence while promoting OmegaPro thus leading to the loss of thousands of Dollars.

For this sect, the ruling is simple, a refund, at the minimum, the commissions earned from the illegal forex trading scheme is a must.

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Elite 18 global golfers honours Aare Adetola Emmanuelking with Nigeria’s first ever Noble Golfer award

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Elite 18 global golfers honours Aare Adetola Emmanuelking with Nigeria’s first ever Noble Golfer award

In a landmark celebration of sportsmanship, leadership, and vision, Aare Adetola Emmanuelking, the esteemed Chairman and Chief Executive Officer of Adron Homes and Properties, has been honored with Nigeria’s inaugural Noble Golfer Award. This prestigious accolade was conferred upon him by the renowned Elite 18 Global Golfers during a high-profile event that brought together key figures from the sports, real estate, and business sectors.

The Noble Golfer Award recognizes individuals who have shown steadfast dedication to advancing the game of golf and promoting sports culture in their communities. Aare Emmanuelking’s nomination exemplifies his exceptional commitment to enriching the golfing landscape in Nigeria, alongside his broader initiatives aimed at fostering sports development across the nation.

Aare Emmanuelking is not merely a business leader; he is a pioneer in integrating golf into modern lifestyle experiences. Currently, he is leading the ambitious development of a state-of-the-art golf course in Nigeria a monumental project that aspires to redefine leisure, tourism, and sporting excellence within the country. This golf course aims to provide a premier playing experience while also serving as a social hub for golfing enthusiasts and the community at large.

In a bid to make golf more inclusive and accessible, Aare Emmanuelking has also initiated the construction of advanced golf driving ranges in all Adron Homes Estates across Nigeria. This visionary project is designed to encourage participation in the sport among Nigerians of all ages and backgrounds, fostering wellness, recreation, and community engagement as integral parts of Adron’s residential developments.

At the award presentation, Aare Emmanuelking conveyed his heartfelt gratitude for the recognition, emphasizing his belief in the transformative power of sports as a vehicle for national development and youth empowerment. He remarked, “Golf is not just a game; it exemplifies discipline, a distinct lifestyle, and a pursuit of excellence. Through Adron Homes, we are not merely constructing houses—we are nurturing communities built on the foundations of wellness, unity, and opportunity.”

The Elite 18 Global Golfers commended Aare Emmanuelking’s innovative approach, highlighting how he effectively merges real estate advancements with world-class sports infrastructure. They acknowledged that his efforts have the potential to inspire a new generation of golfers and to position Nigeria as a premier destination for international golfing events.

As Aare Adetola Emmanuelking continues to break new ground in both the real estate and sports development arenas, receiving this award serves as a testament to his lasting influence—not only in the realms of business but also in cultivating a legacy of excellence, one fairway at a time. His contributions are poised to create lasting change, inspiring future generations and fostering a vibrant culture of sport and community in Nigeria.

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WHO IS AFRAID OF FIDELITY BANK -By Udeme Etukeyen

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WHO IS AFRAID OF FIDELITY BANK -By Udeme Etukeyen

Leading up to the recent superlative annual reports showcasing one of the most significant growth experienced by a Nigeria Financial Institution in recent years I was forced to ask “what is Fidelity Bank” doing right?

My banking and financial sector experience got me digging deeper into the statistics of the report-Fidelity Bank recorded a substantial 210.0% growth in PBT, reaching N385.2 billion in FY 2024. Deposits increased by 47.9%, from N4.0 trillion in 2023FY to N5.9 trillion in 2024FY, Gross earnings shooting by 87.7% to N1,043.4 billion which was primarily caused by a 106.9% increase in interest and similar income. Was I impressed? Absolutely

Now to the scary part, they opened the year with a bang implying that 2025 year end results was going to be nothing but spectacular; check this out-Fidelity reported a whooping 167.8% increase in PBT (Profit Before Tax)to N105.8 billion in Q1 2025, compared to N39.5 billion in Q1 2024. Gross earnings from January to April had reached some N315.421 billion signaling a 64.21% increase year-on-year.

These results were nothing short of astonishing and with great hope I sat my team to review our Investment Strategy to accommodate taking up equities in Fidelity and advising our portfolio investors to do same.

We quickly appraised the fundamentals and Key Success Factors to include their focus on the strategic youth economy that the Creative and Digital Transformation sector promises, the banks bullish inroads in MSME promotion and financing, their glowing penchant for Gender inclusion without abandoning the core sectors of Mining, Renewables and other key industries

Then came the dissecting of Leadership, my team of analysts mostly female went on about Fidelity MD being one of the most experienced and affable Amazons in the industry; done this, achieved that and all the entreaties you’d expect from smart ladies who feel mentored from a distance. I didn’t hesitate to draw their attention to the experience of the menfolk within the organization like I had any measurable data to establish that mix…truth remains you can’t but admire the Banks Leadership and strides

A deeper look at the banks expansion globally could reveal a strategic and noiseless acquisition of Union Bank,London and their planned incursion into African and other European financial markets, you just can see that such daring strides and impact would give competition and detractors sleepless nights. Not in an era where sleeping pills are sold strictly by prescription and no thanks to the high cost of medication for peddlers of cheap propaganda

Within barely 30days of announcing such magnificent results little wonder how pundits would cook or spin a narrative to suggest a bank that has announced herself as First Tier with shoulders leveled up with other Banking giants would shudder over a judgement against her customer G.Cappa or even the contribution they would be required to cough out over that said Sagecom saga. With that judgement not going the way of pundits a contemptuous attempt at calculating interest at unclassified rates from an initial N14b to cause an unnecessary scare or negative press on the bank speaks volumes of how we unrepentantly strive to destroy value in our economy.

One would think that interpretation of the judgment and computation of due figures which will understandably come with a payment plan be awaited instead of the usual bad blood generated and envisaged by toddler media characters.

It is not in doubt that the discerning public sees through the cruise and flat falling attempt of dramatic clout chasers ever ready to stain Fidelity’s white apparel which savvy Investors and analysts are filled with bridal admiration

Like Joseph Campbell hinted in his famous quote “The cave you fear to enter holds the treasure you seek.” We cast our treasures and bets on Fidelity Bank as the Nigerian treasure house to beat in the years ahead!

*Udeme Etukeyen is an Abuja based Pan African Investment Advisory Expert*

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Jemras Homes Unveils Treasure Mall in Lekki with a Star-Studded Grand Opening Ceremony

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Jemras Homes Unveils Treasure Mall in Lekki with a Star-Studded Grand Opening Ceremony

Jemras Homes, one of Lagos’ fastest-growing real estate firms, held a vibrant and star-studded grand opening of its debut commercial property, Treasure Mall, on Thursday, May 15, 2025, at Abijo GRA, Lekki-Ajah.

The colourful ceremony brought together top political figures, industry leaders, celebrities, and business stakeholders to celebrate the launch of this landmark development.

The event was graced by notable personalities, including Hon. Moshood Aro, member of the Lagos State House of Assembly; Hon. Fatiu Salisu, the immediate past Chairman of Ijede LCDA; and veteran actor and brand ambassador of Jemras Homes, Alhaji Taiwo Hassan, popularly known as Ogogo.

While addressing the press, Ogogo shared his deep connection with the brand “My relationship with Jemras Homes goes beyond mere brand representation — it’s a partnership rooted in trust, shared values, and a commitment to excellence. I believe in what the company stands for and the vision it’s bringing to life in the Nigerian real estate space.”

The Founder of Jemras Homes, Mr. Tayo Razaq, also delivered a heartfelt speech during the event, describing the company’s mission and the long-term value Treasure Mall offers “Treasure Mall is more than a building — it is a statement of our dedication to quality, innovation, and strategic investment. We are creating not just spaces, but opportunities that empower businesses and elevate communities.”

The grand opening was a lively affair, complete with music, entertainment, and testimonials from satisfied clients and partners who praised the transparency, quality, and professionalism of Jemras Homes. The atmosphere reflected the company’s growing reputation for delivering smart and stylish real estate developments.

Treasure Mall is a 1,350-square-meter, three-floor commercial complex offering business spaces ranging from 25 to 110 square meters. Located in the heart of Lekki’s flourishing Abijo GRA, it features ample parking, 24/7 security, and cutting-edge infrastructure — ideal for retail outlets, cafés, restaurants, and office spaces.

Strategically positioned near landmarks such as Lagos Business School, Novare Mall, and over 15 private estates, Treasure Mall also shares a boundary with the soon-to-be-completed Treasure 2 Residence — adding significant residential appeal to the area.

With this successful launch, Jemras Homes has not only unveiled a premium commercial destination but also reinforced its position as a visionary leader in Nigeria’s real estate sector.
[5/16, 8:41 AM] Peace: Pix

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