Investors in Imagine Global Solutions Ltd are in a dilemma as a Nigerian couple disappears with N22 Billion invested by their customers.
According to Gazettengr, the couple, Bamise and Elizabeth Ajetunmobi, reportedly went into hiding after squandering investors’ money said to be as much as N22 billion, according to social media accounts of investors.
Imagine Global Solutions Ltd claimed to be running a micro-lending service to small and medium businesses, offering 22 percent as interest on loans received and 10 percent returns to investors.
Several victims on social media detailing how they lost between low five figures to as high as N500 million. A WhatsApp group has been created for those affected by the fraudulent scheme to pony resources towards recovering their investments. A Nairaland forum was also created by the investors.
The company’s listed address in Ajah, Lagos, has been locked. A telephone number for the couple also failed to connect on Monday morning.
A spokesman for Zuriel Consulting Limited, Imagine Global’s legal adviser, said the law firm could not comment on investors’ funds and the disappearance of the couple.
“We have been hearing that the couple had fled Nigeria with investors’ funds,” Zuriel Consulting told The Gazette on Monday morning. “But we have no comments to make about the controversy at this point.”
The firm also said it would not confirm or debunk claims that the amount squandered was up to N22 billion. The Gazette could not independently verify the amount involved, but similar schemes in the past saw investors lose even larger amounts.
Investors Cries-Out As Nigerian Couple Disappears With Their N22 Billion From Imagine Global Ltd
Last year, a scheme called MBA Forex – which promised its investors 15 per cent monthly returns, crashed in November, leaving over 100,000 investors stranded.
The Central Bank of Nigeria (CBN) froze the bank accounts linked to MBA, saying that the company was owned by Maxwell Odum, who had collected over N171 billion from its investors before crashing.
The Central Bank, the Securities and Exchange Commission and the EFCC have sent out several warnings to potential capital market investors cautioning against putting their funds in fraudulent investment schemes.
Imagine Global, which was registered in 2017, stated on its website that it has a customer base of 90,000 Nigerians, but it was unclear how many of them were able to recoup their investments before the Ajetunmobis disappeared. The couple reportedly fled to London, where a branch of Imagine Global was incorporated in August 2019.