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N87b Theft: Police Drags Abayomi To Court As Jesame Micheal Clears The Air On AAS (Docs,Video)

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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.

N87b Theft: Police Drags Abayomi To Court As Jesame Micheal Clears The Air On AAS (Docs,Video)

Abayomi Segun Oluwasesan who defrauded his company, Afriq Arbitrage System was dragged to the Federal high court, Abuja today by the police on eight count charges including conversion of the sum of $87 million to himself. Abayomi along with his partner, Onifade Adeniyi were brought to court today.
N87b Theft: Police Drags Abayomi To Court As Jesame Micheal Clears The Air On AAS (Docs,Video)
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.

Meanwhile, Jesame  Micheal while addressing journalists at the court today clears the air on the issues. He denied the fact that the blockchain was hacked and also denied the allegation that he was wanted by the police.
“There are a few things I need to clear. There are rumours and false information out there that the AAS blockchain was hacked. That’s not true. You can’t hack a blockchain. He came up with the lie and I told him it’s not possible because you can’t hack a blockchain system. He only had access to it because the code was given to him. So he had permission, my face id, thumbprint, and other details I gave to him because I was so sick to the point of death and my survival was 50/50. So it’s a lie by him that the AAS blockchain was hacked. That was the initial lie he came up with until  I confronted him with the truth and when confronted by Interpol he confessed.. Out of his wickedness, He tempered with the boot. Remember we have three components that contained AAS. He only tempered with the boot and can’t access the blockchain.
Thus, we had to rebuild the boot. We are done building back the book just reviewing. I love being sincere in whatever I do, we have to review them page by page to prevent crashing during trading. Once that is done and we have the green button pick-up, we will start immediately.
Lastly, don’t fight or mind falsehoods flying about. No security agent is looking for me. I am everywhere on the street. Here I am and working hand in hand with all security agencies who have been so helpful to us to ensure the criminal was arrested”, he concluded.

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PRESIDENT TINUBU CONGRATULATES OTEGA OGRA ON ELECTION TO WORLD FEDERATION OF ADVERTISERS EXECUTIVE COMMITTEE

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PRESIDENT TINUBU CONGRATULATES OTEGA OGRA ON ELECTION TO WORLD FEDERATION OF ADVERTISERS EXECUTIVE COMMITTEE

PRESIDENT TINUBU CONGRATULATES OTEGA OGRA ON ELECTION TO WORLD FEDERATION OF ADVERTISERS EXECUTIVE COMMITTEE

 

President Bola Ahmed Tinubu has congratulated his Senior Special Assistant on Digital Engagement, Strategy and New Media, Mr Otega Ogra, on his election to the Executive Committee of the World Federation of Advertisers (WFA).

 

The election took place today at the organisation’s Annual General Meeting, held during the Global Marketing Week Conference in Stockholm, Sweden.

PRESIDENT TINUBU CONGRATULATES OTEGA OGRA ON ELECTION TO WORLD FEDERATION OF ADVERTISERS EXECUTIVE COMMITTEE

President Tinubu described the development as a significant step for Nigeria’s growing influence in global communications.

 

He noted that Mr Ogra’s emergence as the only representative from West Africa and Sub-Saharan Africa on the Executive Committee reflects the depth of Nigerian expertise and the contribution of a new generation of young Nigerian professionals to global industry standards.

 

Mr Ogra was elected to the Executive Committee on the platform of the Advertisers Association of Nigeria (ADVAN), underscoring the role of Nigeria’s organised advertising and marketing industry in shaping representation at the global level.

 

The WFA is the leading global body for advertisers, representing over 150 multinational and Fortune 500 companies, alongside national advertiser associations across more than 60 countries, with a combined annual marketing spend running into hundreds of billions of dollars. Its Executive Committee is the organisation’s highest decision-making body, responsible for setting priorities and guiding global policy on responsible advertising, media transparency, sustainability, and the evolution of digital ecosystems.

 

President Tinubu noted that Mr Ogra’s election is both a personal distinction and a strategic opportunity for Nigeria and the African continent, placing them at the centre of global conversations on brand trust, platform accountability, innovation and the future of marketing and communications.

 

The President commended Mr Ogra, who also serves as Vice President of ADVAN, for his sustained contributions to strengthening Nigeria’s marketing and communications ecosystem, drawing on a career spanning leadership roles across the banking, manufacturing, and public sectors.

 

“Otega’s election reflects the growing recognition of Nigerian expertise and affirms our capacity to contribute meaningfully to the frameworks shaping global markets,” the President said.

 

President Tinubu added that the achievement aligns with his administration’s Renewed Hope Agenda, particularly in advancing the creative economy, strengthening digital governance, and positioning Nigeria as a competitive hub for innovation and enterprise.

 

Josh Faulks, CEO of the Australian advertiser association (AANA), and Simon Michaelides, Director General of the UK advertiser association (ISBA), also join the leadership team.

 

Current members of the executive committee, David Wheldon, President and Philip Myers, Deputy President, who is also the Chief Institutional Affairs and Corporate Communications Officer at Ferrero, continue in their current roles, as do all regional vice presidents.

 

 

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Hold Peter Okoye Responsible If Any Harm Comes To Our Member – NASRE Fires Back At Singer

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Hold Peter Okoye Responsible If Any Harm Comes To Our Member – NASRE Fires Back At Singer

Hold Peter Okoye Responsible If Any Harm Comes To Our Member – NASRE Fires Back At Singer

 

 

The Nigerian Association of Social and Resourceful Editors (NASRE) has raised alarm over an alleged threat by Afrobeat artist Peter Okoye (Mr P) against journalist and NASRE Directorate member, Mr Bayo Adetu, warning that the singer will be held responsible should any harm come to the journalist or his family.

Hold Peter Okoye Responsible If Any Harm Comes To Our Member – NASRE Fires Back At Singer

 

In a press statement issued on April 20, 2026, NASRE’s leadership, led by Comrade Femi Oyewale, expressed concern over the incident reportedly occurring at the Ikoyi High Court during proceedings in the ongoing legal dispute involving P-Square and their elder brother, Jude Okoye.

 

 

NASRE views the alleged statement as inappropriate and unacceptable, stating that any language suggesting intimidation against a journalist performing lawful duties raises serious concerns about press freedom, safety, and professional ethics.

 

 

The association has therefore called on Mr Peter Okoye to retract the alleged statement and issue a public apology to Mr Bayo Adetu, while also urging all parties involved in the ongoing legal matter to conduct themselves with restraint, respect, and strict adherence to the rule of law.

Read the statement below:

PRESS STATEMENT
For Immediate Release

NASRE RAISES ALARM OVER ALLEGED THREAT BY PETER OKOYE (MR P) AGAINST BAYO ADETU IN COURT, WARNS OF CONSEQUENCES

The leadership of the Nigerian Association of Social and Resourceful Editors (NASRE), led by Comrade Femi Oyewale, expresses concern over an alleged threat issued by popular Afrobeat artist Peter Okoye, widely known as Mr P, against journalist and NASRE Directorate member, Mr Bayo Adetu.

The incident reportedly occurred at the Ikoyi High Court during proceedings in the ongoing legal dispute involving the music duo P-Square and their elder brother, Jude Okoye. Eyewitnesses present in court stated that Mr Peter Okoye drew the attention of Justice Alexander Owoeye to Mr Adetu’s presence, noting that he was formerly P-Square’s publicist but now works with his brothers. The remark reportedly generated reactions in the courtroom.

It is further alleged that after the court session, Mr Peter Okoye confronted Mr Adetu in the presence of others and said, “You, Bayo, I will set you up.”

NASRE views this alleged statement as inappropriate and unacceptable. Any language suggesting harm or intimidation directed at a journalist performing lawful duties raises serious concerns regarding press freedom, safety, and professional ethics.

We state unequivocally that should anything happen to Mr Bayo Adetu or any member of his family, Mr Peter Okoye will be held accountable. Such statements, when directed at a media professional, are taken with utmost seriousness.

NASRE will not tolerate any form of intimidation, harassment, or threat against its members. We are fully prepared to activate all lawful media and legal channels to protect our members and safeguard the integrity of the profession. Mr Peter Okoye must be aware that utterances of this nature carry consequences and he will be held responsible for any outcome arising from this matter.

We therefore call on Mr Peter Okoye to retract the alleged statement and issue a public apology to Mr Bayo Adetu. We also urge all parties involved in the ongoing matter to conduct themselves with restraint, respect, and strict adherence to the rule of law.

The safety of journalists remains paramount, and the media will not be silenced.

Signed:
Lateef Owodunni
Media Director, NASRE
April 20, 2026

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Fuji Star, Saheed Osupa Addresses Prado Controversy, Says Vehicle Was Compensation — Not Political Gift

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Fuji Star, Saheed Osupa Addresses Prado Controversy, Says Vehicle Was Compensation — Not Political Gift

By Alhaji Arems (Baba Fuji)

 

 

Nigerian Fuji star Saheed Osupa has responded to a wave of political controversy surrounding his recent campaign appearance in Oyo State, clarifying that a vehicle linked to the debate was not a political gift but compensation tied to a professional engagement.

The backlash followed the circulation of a Facebook Reel showing Osupa performing at an event associated with Sharafadeen Alli, who has declared interest in the Oyo State governorship under the All Progressives Congress (APC). As the video gained traction, it sparked renewed scrutiny over entertainers’ roles in political campaigns and the assumptions that often follow such appearances.

Amid the reactions, individuals aligned with the Peoples Democratic Party (PDP) circulated claims on social media alleging that Osupa, alongside gospel artist Yinka Ayefele, had previously received luxury vehicles from the administration of Oyo State Governor Seyi Makinde. The claims, which remain unverified, framed the alleged gesture as an example of questionable public spending and raised concerns about political loyalty.

Osupa has since pushed back against that narrative, offering a different account of events. In a video statement, the artist explained that his involvement in the campaign was strictly professional, based on a negotiated performance agreement rather than any form of political alignment.

According to him, he was engaged to perform at campaign events with assurances that he would be adequately compensated after the election. He, however, alleged that those commitments were not fulfilled following the electoral victory.

Addressing the controversy surrounding the vehicle, Osupa stated that his personal car was damaged during the course of the campaign. He said the replacement vehicle later provided to him was intended as compensation for that loss, not a discretionary gift or political reward.

His response reframes the discussion from one of political patronage to a dispute over professional obligations—an important distinction in an environment where entertainers are frequently enlisted to support campaign visibility.

The episode highlights a recurring tension within Nigeria’s political landscape: the blurred line between performance and perceived allegiance. For artists, participation in campaign activities can quickly shift from paid engagement to public endorsement in the eyes of observers, particularly when details of such arrangements are not clearly communicated.

Osupa’s clarification brings that tension into focus, underscoring how easily professional engagements can be recast within political narratives. As conversations continue, the situation points to a broader need for transparency in the relationship between public figures and political actors—especially in moments where perception can carry as much weight as fact.

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