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How fake forex platform landed 27-yr-old student in prison

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John Akpan Ode

How fake forex platform landed 27-yr-old student in prison

27-year-old John Akpan Ode is a native of Ogoja in Cross River State. After his secondary education, John relocated to Lagos in search of a better life since his poor parents could not afford his quest for further education.

Within a few years, John mastered the art of fixing tiles, roofing and forex trading and used the proceeds from both side hustles to see himself through school at the Lagos State Polytechnic.  John was doing well for himself and looking forward to a bright future until he stumbled on a fake forex platform, He started getting good returns on his investment and helped others to join. When the platform crashed a few months later and John lost all his investment, instead of being a victim, he became a prime suspect. In this edition, John tells Encounter how he spent months in Kirikiri prison over an alleged N6 million forex fraud he knew nothing about.

Background

My name is Akpan John Ode. I am from Yala Local Government Area of Cross River State. I attended Obachime Community Primary School and St. Francis Meridian College in Yala Local Government Area. I am from a polygamous family. My father married four wives and my mother is his last wife. My father had 19 children and taking care of them was a big challenge for him. Only a few of my siblings attended primary school and we were always fighting amongst ourselves in the family. Immediately I managed to finish my secondary school and got my West African Examination Council, WAEC Certificate in 2015, I decided to relocate to Lagos and do something useful with my life. I stayed with one man from my village and learnt how to fix tiles and roofs. I was also helping the company to market their products. From the little money I made from the company, I enrolled into Lagos State Polytechnic to study marketing.

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Side hustle

While studying for my OND in LASPOTECH, a friend introduced me to forex trading. I took a little training on the business and over time, I mastered the secrets and started making money from it. I joined quite a few platforms and made some good returns.

Trouble

I was doing well until I started introducing others to the business. The first set of people I introduced on the platforms I use, did very well and made good money from their investments. For a long time, I didn’t have any problem with anyone until I decided to invest in a new platform last year.  My investment on the platform grew from $300 to about $5,700 and I was doing bi-weekly withdrawal of $200 to take care of my personal needs. One day, a sister introduced a lady based in Abuja to me. The lady said she was interested in forex so I introduced her to the new platform I was using. She had just $360 so I assisted her with an additional $300 to start off. I only offered assistance but she was doing the trading herself. The lady made $5,000 over time but chose to reinvest the profit instead of withdrawing it. We were all shocked one day when the site froze and we could not trade again. It was later that it dawned on us that we had been scammed. The lady called me and insisted that I must refund her $5,000 but I explained to her that I am also a victim. She made a lot of trouble until I stopped hearing from her.

Arrest

I had forgotten everything until July when I returned from my village  where I had gone to visit my parents. My tiles and roofing work was not coming regularly so I tried to do other things to survive. In August, I got a call from a strange person who I later discovered was a police officer. Before that call, they had already arrested one of my brothers and his wife. They also arrested one of my sisters in Lekki who eventually led them to my house. The police officers initially told me that my arrest was in respect of a phone but when they took me to their office in Ikeja, they began to ask me a different question.

Bogus allegation

When we got to the Lagos State Police Command in Ikeja, the police officers asked me if I knew anyone called Ugochi. I replied that I knew her and told them how I introduced her into the forex trading platform which eventually crashed. They insisted that I was lying and threatened to beat the hell out of me if I continued lying. They showed me a petition that Ugochi had written alleging that she invested N6 million through me. When I maintained that I never defrauded the complainant, I was locked up in a cell for 11 days. My family didn’t know my whereabouts for those 11 days as my phone was seized. I was taken to the office of the Commissioner of Police where they took my statement. I showed them my WhatsApp conversations with the complainant and the $360 she sent to me for the investment.

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Police insists on refund

Despite all my explanations, the police said I should refund the N6million. I told them that I didn’t have any money and that I also lost my all investments. When they realised that I didn’t have any money, they decided to file a charge against me before a Magistrate court.

Journey to Kirikiri

I was arraigned for fraud before an Ogba Magistrate Court. I pleaded not guilty to the charges and was granted bail. Unfortunately, I didn’t have anyone to stand surety for me so I was taken to Kirikiri prison pending when I could sort out my bail. The matter was adjourned to two subsequent dates but I still didn’t have anyone to stand as surety for me.

Ordeal in prison

The day I got into the prison, I was seriously beaten and punished inside the welcome cell where I spent two days. An inmate I met in court had explained to me the rules and regulations in the prison so I was a bit ready for the beating and punishment. I really suffered in the first few days of my arrival in the prison but after a while, I began to adapt to the environment. The prison environment was a strange world to me because of the different kinds of people I saw there. From murderers to kidnappers, rapists, yahoo yahoo boys, armed robbers and many other terrible criminals. The kind of people you find there are not normal.  I found it strange that I was among these kinds of people for what I didn’t do. The food was terrible. I tried not to eat my meal portion but it was very difficult. Once in a while, one of my sisters brings me food and money so I tried to survive on that. Some churches also bring us food occasionally. At some point, I had a serious health issue after I was infected by the environment.

Warders’ role in prolonged incarceration

I believe that warders are partly responsible for some inmates’ prolonged stay in prison. I spent just six months in prison but I was shocked to discover that some inmates had spent years for similar allegations simply because warders failed to disclose the date of their trial. Sometimes when we go to court and the magistrate fails to sit; it is only the warders that approach the registrar for the adjourned date. For those of us without lawyers, we are always at the mercy of the warders. If they don’t tell you the adjourned date for your matter, you will simply rot in prison.

Botched trial, NGO intervention

After my arraignment, I appeared in court twice without a lawyer and on those two occasions, the magistrate did not sit.  When I returned to the prison, an inmate told me about a non-governmental organisation, Anchor Heritage and how they have been assisting innocent inmates to regain their freedom. I waited until the day the NGO came and I presented my case to them. The head of the organisation, Mr. Bidemi Oladipupo assured me that they would look into my matter.

 On the next adjourned date, I was surprised when a lawyer from the organisation took over my case. Throughout the trial, the complainant who was resident in Abuja never showed up in court. Only one man who claimed to be her uncle appeared. The matter was adjourned four times until the magistrate decided to strike out the case. I guess it became clear to the police that the complainant lied to them and was unwilling to go ahead with the matter so they decided to withdraw the matter. I was happy that the case was withdrawn but the thought that I had to spend six months in prison for a lie made me feel bad.

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Motivated by prison ordeal

Nigerian prison is not a good place to be but my six months in Kirkiri prison was an eye opener. Looking back, I would say the prison prepared me to face life with a motivated mindset. I have a different mindset now about helping people because of my experience. Before going to prison, I wasn’t close to God but that place became a blessing in a way for me. I experienced God’s mercy in prison and since I got out, I have been closer to God more than ever before. The help I also got from Anchor Heritage has also motivated me to aspire to establish a charity organisation to help people in need.

Why I fell victim

Forex is good when someone has funds and knows the intrigues of the business. I have used some platforms that were good. The truth, however, is that there is no guaranteed way of knowing a fake platform. If you join a platform early, even if it is fake, you would have made some significant gain on your investment if you cash out early. Unfortunately, I didn’t cash out early enough before this particular one that got me into trouble. The reason I got into that business was because I needed funds to pursue my education. What happened to me was a temporary setback which I believe has also strengthened me.

Appeal for assistance

Since I got out of prison, things have been difficult. I still want to return to school but the fund is not available. The tiles and roofing business is also not coming as regularly as it used to be. I am appealing for support from well-meaning Nigerians. I want a job so that I can further my education and become useful to myself and my country.

How fake forex platform landed 27-yr-old student in prison

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Bandits kill nine civilian JTF members, kidnap three in Sokoto

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Bandits kill nine civilian JTF members, kidnap three in Sokoto

At least nine Civilian Joint Task Force members fighting bandits in Sokoto State have been reportedly killed in an ambush, while an unspecified number sustained varying degrees of injury.

It was gathered that three CJTF members were also taken away by the bandits.

A source told our correspondent that the incident occurred last Sunday in Isa Local Government Area of the state.

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The CJTF source added that Isa LGA is a stronghold of bandits and very dangerous for security operatives.

“We lost nine members in an ambush in Isa LGA, many others were wounded and three others were abducted in the attack after our members received a distress call to support security operatives.

“We received the sad news two days ago. Since the beginning of this year, when we were asked by the state government to deploy our members to support the troops in the fight against banditry in the North-West.”

Recall that this was the second time bandits would ambush CJTF men in Sokoto State in two months.

Bandits kill nine civilian JTF members, kidnap three in Sokoto

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IPOB declares sit-at-home May 30 to honour Biafra heroes

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Indigenous People of Biafra, IPOB

IPOB declares sit-at-home May 30 to honour Biafra heroes

The Indigenous People of Biafra (IPOB) has declared Thursday May 30 as sit-at-home day in South East to honour those who fought in the civil war.

In a statement issued by IPOB’s Media and Publicity Secretary, Comrade Emma Powerful, said: “The sit-at-home is an annual event held on May 30th to remember the men and women who died during the Nigerian civil war between 1967 and 1970.

“IPOB leader, Mazi Nnamdi OkwuChukwu Kanu, urged all Biafrans, friends of Biafra, and residents in Biafra Land to observe the sit-at-home and reflect on the sacrifices made by the fallen heroes.

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“All schools, government offices, private offices, banks, transport unions, market unions, and private individuals are expected to shut down operations on May 30th, except for medical personnel and emergency workers.”

IPOB also called on Christians and traditional worshipers to use the day to pray for the fallen heroes and for Biafra’s independence from Nigeria.

The group warned residents to avoid loitering and stay indoors from 6 am to 6 pm to avoid any confrontation with security forces.

“IPOB members in diaspora are encouraged to organize peaceful rallies and seminars to raise awareness about the Biafran struggle and the ongoing genocide against the Biafran people.

By honoring the heroes and heroines of the Biafran struggle, IPOB hopes to keep their memory alive and continue the fight for Biafra’s freedom and independence, ” the statement added.

IPOB declares sit-at-home May 30 to honour Biafra heroes

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Court sends tenant to prison for setting landlord’s house on fire

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Court sends tenant to prison for setting landlord’s house on fire

One Dickson Peter has been remanded in a correctional facility for allegedly setting his landlord’s house on fire.

An Iyaganku Chief Magistrates’ Court in Ibadan, ordered the remand of the accused on Thursday.

According to NAN, the police charged 35-year-old peter with two counts of felony and arson.

The Magistrate, Mr M. Mudashiru, who did not take the defendant’s plea due to want in jurisdiction, ordered that he should be remanded in Abolongo Correctional facility, Oyo Town.

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Mudashiru said the remand is pending legal advice from the Director of Public Prosecution, DPP.

He adjourned the matter until July 23, for mention.

Earlier, the Prosecution Counsel, Insp Femi Oluwadare informed the court that Peter on April 18, at about 12:30a.m, was alleged to have unlawfully set fire to the House of his Landlord, Cepas Okeme and destroyed properties worth N6.5 million.

Oluwadare said after he set the building on fire, it also spread to the next property belonging to Bose Ali ‘ F’ and also destroyed property worth N3.5 million.

He said the offence contravened the provisions of section 443 of the Criminal Code Laws of Oyo State 2000

Court sends tenant to prison for setting landlord’s house on fire

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