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How fake forex platform landed 27-yr-old student in prison
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
Vanguard
metro
Senate Summons Kyari, Ojulari Over ₦210 Trillion NNPCL Audit Queries
Senate Summons Kyari, Ojulari Over ₦210 Trillion NNPCL Audit Queries
The Nigerian Senate has ordered the Nigerian National Petroleum Company Limited to appear before its Committee on Public Accounts on April 29, 2026, to explain an alleged ₦210 trillion flagged in audit reports covering 2017 to 2023.
The directive followed a motion moved by Senator Osita Izunaso and seconded by Senator Adams Oshiomhole during plenary, reflecting growing legislative pressure over the company’s financial disclosures and audit compliance.
The committee also mandated the appearance of top former and current officials of the oil company, including Group Chief Executive Officer Bayo Ojulari, immediate past GCEO Mele Kyari, former Chief Financial Officer Umar Ajia, Bala Wunti, as well as the company’s external auditors, insisting that their attendance is compulsory.
Chairman of the Senate Committee on Public Accounts, Senator Aliyu Wadada, said lawmakers remain dissatisfied with explanations provided by NNPCL regarding the disputed figures, stressing that the queries raised in audit reports require full and detailed clarification.
According to Wadada, the committee rejected what he described as a “blanket explanation” from NNPCL regarding ₦103 trillion categorised as liabilities, noting that the breakdown of the figures was insufficient and lacked transparency.
He explained that the Senate expects detailed clarification on the components of the liabilities, including retention fees, legal fees, and audit fees, with specific amounts attached to each category.
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Wadada further stated that the committee is also demanding clarity on an additional ₦107 trillion reportedly linked to Joint Venture (JV) cash calls and other financial obligations, including funds allegedly associated with defunct banks whose identities were not disclosed.
He said:
“The NNPCL is given an additional two weeks to unfailingly appear before this committee. The deadline for compliance is Wednesday, April 29, 2026.”
Lawmakers also criticised the company’s response to 19 audit queries, describing them as inadequate and failing to meet expectations for public accountability and financial transparency.
Earlier during the session, Senator Abdul Ningi urged the Senate to invoke its constitutional powers to compel compliance, citing repeated failures by key officials to honour legislative invitations.
He warned that the legislature risks undermining its oversight authority if agencies continue to ignore summons, stressing that democratic accountability depends on the strength of parliamentary scrutiny.
The latest development intensifies scrutiny on the oil giant, which has faced increasing public and institutional pressure over financial transparency, revenue management, and audit reconciliation gaps in Nigeria’s petroleum sector.
The Senate’s directive signals a stronger push for accountability in one of Nigeria’s most sensitive revenue-generating institutions, as lawmakers demand full disclosure of all queried funds.
Senate Summons Kyari, Ojulari Over ₦210 Trillion NNPCL Audit Queries
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UNILAG Lecturer Sexual Assault Trial: Student Testifies in Lagos Court
UNILAG Lecturer Sexual Assault Trial: Student Testifies in Lagos Court
A 20-year-old student of the University of Lagos has testified before a Lagos State High Court in Ikeja, detailing allegations of sexual assault against a 53-year-old lecturer, Samuel Obinna Ojogbo.
The case, which is being prosecuted by the Lagos State Government, involves two counts of rape and sexual assault, with the student appearing as the first prosecution witness before Justice Oyindamola Ogala.
According to her testimony, the incident allegedly occurred on August 22, 2025, at the university’s Akoka campus after the lecturer invited her to his office following an earlier interaction during an examination the previous day.
The witness told the court that she had initially attempted to meet the lecturer after her exam but was unable to do so until the following day, when she encountered him again near her faculty and accompanied him to his office.
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She described the office as secluded and said that during their interaction, other students briefly entered but were asked to leave by the lecturer.
The student further testified that after the alleged incident, she left in distress and immediately reported the matter, beginning with a friend and later escalating it within the institution.
She said the case was first reported to a lecturer in her department, who contacted her uncle—also a lecturer—before the matter was taken to the Head of Department. However, she indicated that the initial response raised concerns about lack of evidence.
Despite this, the complaint was escalated to the university’s Servicom office, leading to a medical examination at the school’s health centre.
The witness added that she later reported the case to the Lagos State Domestic and Sexual Violence Agency, which referred her to the police. The case was initially handled at Bariga Police Station before being transferred to the Gender Unit for further investigation. She also underwent further evaluation at WARIF.
She told the court that there were attempts by individuals connected to the defendant to resolve the matter outside court, but the case proceeded to trial.
The defendant has denied the allegations.
Justice Ogala adjourned the case to April 27, 2026, for cross-examination, as the UNILAG sexual assault case continues to draw public attention and fuel conversations around campus safety, sexual misconduct, and accountability in Nigerian universities.
UNILAG Lecturer Sexual Assault Trial: Student Testifies in Lagos Court
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Grandfather in police net for impregnating granddaughter
Grandfather in police net for impregnating granddaughter
The Niger State Child Rights Agency says a 65-year-old grandfather, Musa Gado, is detained in Police custody for allegedly impregnating his 16-year old granddaughter (name withheld).
The Director General of the agency, Hajiya Kaltume Mohammed, made this known to newsmen in Minna on Wednesday.
She said that a Deoxyribo Nucleic Acid (DNA) Test confirmed that Gado, the maternal grandfather of the victim from Mashegu LGA of the state, is the biological father of the four-month-old baby delivered by his granddaughter.
According to the DG, the suspect made several fruitless attempts to abort the pregnancy.
She revealed that the victim’s father, Mr Lawal Nababa, registered a complaint in 2025 for alleged repeated sexual assaults on his daughter by her maternal grandfather.
The director general said at the time the matter was reported at the agency, the victim was six months pregnant and was kept in the agency’s custody until she delivered a baby boy in December 2025.
She said the teenager, whose parents are still alive, was reportedly taken by her maternal grandmother since childhood.
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Mohammed, however, said the suspect had denied responsibility for the act, thus forcing the agency to order the DNA test that was conducted in a laboratory outside Nigeria at a cost of N500,000.
“When the girl was brought to the agency, she was actually six months pregnant. We had to do some medical checkups, and she was kept under the custody of the agency from that time until now.
“She gave birth in December, and we agreed that the only way we could get to the root of the matter and establish the fact was to go for the DNA test, which was agreed by both parties.
“After she gave birth, we waited for her to be strong before we went for the paternity test and within five weeks the result came out, and it was announced that the grandfather was the father of the baby because the result was 99.9999 per cent positive,” she said.
The director general revealed that the suspect, currently in Police custody, would be charged to court after police had completed its investigation.
Mohammed also disclosed that the agency was currently handling six similar cases, including that of a father who had been having carnal knowledge of his biological daughter.
“Child molestation and rape are alarming in the state.
“I assumed office as the DG Niger State Child Rights Agency in November 2025, and honestly, we have had a lot of issues of rape where children were molested by their parents, neighbours and some people within the community.
“Right now, we have six cases we are prosecuting, and the most important one we are handling right now is that of the 16-year-old girl who was impregnated by her grandfather.
“This case was reported to the agency by the father of the girl on 5th October 2025,” she said.
Grandfather in police net for impregnating granddaughter
(NAN)
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