Anti-corruption and elections / EFCC
Investment Fraud: Witnesses Tell Court How they were Scammed in Afriq Arbitrage System
The Economic and Financial Crimes Commission, EFCC, on Thursday, April 16, 2026, presented Prosecution Witnesses 12, 13, 14, 15 and 16 before Justice Obiora Egwuatu of the Federal High Court, FCT Abuja in the ongoing trial of Jesam Michael Ubi and Afriq Arbitrage System, AAS for their alleged involvement in investment fraud. The witnesses who are victims of Ubi, the first defendant’s arbitrage trading platform, Afriq Arbitrage System, AAS, testified on the loss of their investment capital and promised return on investment. Led in their testimony by the prosecution counsel, Ekele Iheanacho SAN,…
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