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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
FG okays closure of Independence Bridge in Lagos from Wednesday

FG okays closure of Independence Bridge in Lagos from Wednesday
By Dada Jackson
The Federal Ministry of Works has informed the motoring public of the closure of the Independence Bridge (Marina bound) in Lagos, commencing on Wednesday, March 19th, 2025.
It said in a statement on Monday that the closure was necessary to facilitate essential maintenance and rehabilitation work on the bridge.
The closure will affect people travelling from the Ahmadu Bello Way & Adeola Odeku Road towards Marina, Eko Bridge and Onikan by Zone 2, according to the statement.
The independence bridge would remain closed until the end of May 2025 for the repairs, it added.
Motorists are therefore advised to plan their journeys accordingly and seek alternative routes, it stated.
“The Federal Ministry of Works apologizes for any inconvenience this closure may cause and appreciates the public’s understanding and cooperation as we strive to ensure the safety and stability of our road infrastructure,” the statement signed by the Federal Controller of Works for Lagos, Engr. (Mrs) O I Kesha, said.
metro
Lagos, MTN Nigeria unveil “My Lagos App”

Lagos, MTN Nigeria unveil “My Lagos App”
The Lagos State government, in collaboration with MTN Nigeria, has launched the ‘My Lagos App’ aimed at making urban living in the state more seamless and efficient. The app was unveiled at MTN Plaza, Ikoyi, Lagos in a bid to make urban life in the city seamless and easy.
The app is designed to provide a range of features that enhance various activities, promoting economic growth, accountability, transparency, and real-time updates.
Governor Babajide Sanwo-Olu, represented by Deputy Governor Dr. Kadiri Obafemi Hamzat, highlighted the importance of this digital solution in a rapidly growing city like Lagos. The app serves as a vital link between the government and citizens, promoting accountability, transparency, and real-time updates.
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“The app is a comprehensive digital solution that provides seamless access to essential city services, including real-time traffic updates, personalised navigation, emergency services, utility payment services, business listings, and tourism information; the app will serve as a vital link between the the government and the citizens, it simplifies access to public services, promotes accountability and transparency, provide real time update,”Mr Governor said
Sanwo- Olu emphasised the importance of such collaboration between the government and private sectors, adding that “this partnership exemplifies the power of synergy between the Public and private sectors in driving meaningful progress.”
The governor encouraged Lagos residents to make use of this platform “as we are now in the digital age as technology is no longer luxury but necessity “I urge everyone in Lagos to embrace this app, download it, explore its features and fully utilize the services that it offers,” he said.
Lagos, MTN Nigeria unveil “My Lagos App”
metro
TUC backs NYSC member for criticising Tinubu administration

TUC backs NYSC member for criticising Tinubu administration
The Trade Union Congress (TUC) has expressed support for Ushie Uguamaye, a Lagos-based National Youth Service Corps (NYSC) member, who has claimed to have received threats after criticizing President Bola Tinubu’s administration.
TUC President, Festus Osifo, speaking as a guest on Channels Television’s Sunday Politics, backed Uguamaye’s stance, suggesting that her comments were born out of frustration. Osifo urged the government to show tolerance toward critics rather than target them.
He emphasized the importance of allowing room for constructive criticism, which is vital for a healthy democracy.
However, Osifo also advised critics to maintain a level of decorum and ensure their critiques are within acceptable norms, promoting respectful dialogue and fostering an atmosphere of mutual respect.
He said, “They (government) have to develop this resilience to understand that people are frustrated, people are hungry, people are tired. So, if they decide to vent, I strongly believe that the government should not personalise it and come after such individuals.
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“Imagine a young lady carrying out her NYSC function, what does she really have to do to bring down government? So, it is about personal frustration that she has aired.
“So, I think that the government has to persevere much more, they have to be more tolerant, and they have to have this deep level of patience with Nigerians because people are passing through a lot as it stands today.”
Raye, a corps member serving in Lagos, recently made headlines after a video she posted criticising government policies went viral.
She later claimed to have faced threats, reportedly from NYSC officials, pressuring her to take down the video.
In the video posted on her TikTok account #talktoraye on Saturday, Raye voiced frustration over Nigeria’s deteriorating economic situation, lamenting that hard work no longer guarantees financial stability.
She criticised Tinubu’s leadership, calling him a “terrible leader,” and questioned the government’s commitment to easing citizens’ hardships.
However, the NYSC has yet to release an official statement regarding the issue.
TUC backs NYSC member for criticising Tinubu administration
(Punch)
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