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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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Court fixes May 9 for Agunloye’s ₦1bn suit against EFCC

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Former Power and Steel Minister Olu Agunloye

Court fixes May 9 for Agunloye’s ₦1bn suit against EFCC

Justice Emeka Nwite fixed the date after EFCC’s lawyer, Abba Mohammed, sought an adjournment to enable him to regularise his processes before the court.

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2 top bandit kingpins, 12 others killed in supremacy battle

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2 top bandit kingpins, 12 others killed in supremacy battle

Two prominent bandit kingpins, Kachala Gwande and Kachallah Madagwal  as well as 12 other  fighters have been killed  after a confrontation erupted at Kaurar Zomo village in the Kunchin Kalgo district of Tsafe local government area of Zamfara State.

The deadly fight involved three rival bandit groups operating in the area.

Intelligence sources told Zagazola Makama, a counter-insurgency expert and security analyst in Lake Chad, that Alhaji Tsauni’s group, Kachallah Jafaru’s group, and Kachallah Gwandu’s group, clashed in a fierce gun battle, on Wednesday, April 17, 2024, at approximately 15:45 hours, resulting in the reported deaths of over 10 bandits from the three factions.

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Jafaru, a notorious bandit kingpin known to operate from Faskari LGA in Katsina state, descended upon Kaurar Zomo village, which serves as Tsauni’s stronghold, under undisclosed circumstances that led to the violent confrontation.

Jafaru’s  fighters were said to have overpowered and naturalised Gwande and his fighters.

The fight, however, escalated to other enclaves shortly after the news of Gwande’s death broke, resulting in another heavy gun battle with Kachallah Madagwal’s group, who was neutralised in the aftermath of the shootout.

Zagazola understands that several bandits who sustained severe gunshot wounds were promptly evacuated to Munhaye Health Facility for urgent medical attention.

2 top bandit kingpins, 12 others killed in supremacy battle

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Troops rescue another Chibok girl with three children in Borno

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Lydia Simon with the children

Troops rescue another Chibok girl with three children in Borno

Lydia Simon, another abducted Chibok schoolgirl, was rescued by troops from Operation Desert Sanity III, part of the North-East Operation Hadin Kai (OPHK), on Wednesday.

She was rescued along with her three children by the troops of the 82 Division Task Force Battalion in Gwoza LGA of Borno State on Wednesday, April 17, 2024, exactly ten years after she was kidnapped by Boko Haram terrorists alongside over 200 schoolgirls from Government Secondary School, Chibok, Borno State, on April 14, 2014.

Intelligence sources, according to Zagazola Makama, a Counter Insurgency Expert and Security Analyst in the Lake Chad region, revealed that Lydia, who was tagged serial number 68 among the abducted schoolgirls, escaped from the camp of Ali Ngulde in Mandara Mountain where she was held in captivity for several years.

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She surrendered to troops of 82 Division Task Force Battalion at Ngoshe in Gwoza LGA of the State. The rescued Chibok girl was five months pregnant and claimed she was from Pemi Town in Chibok LGA.

April 14, 2024, marks the 10th anniversary of the violent abduction of 276 girls from Government Secondary School, Chibok, Borno State, by Boko Haram insurgents.

While 57 of the girls escaped from their captors in the following days, 16 were later rescued and 107 had at different times been released through negotiations.

The Federal and Borno State Governments, including the Nigerian Army, have pledged their commitment toward rescuing the rest of the abducted schoolgirls that were still held in captivity by the terrorists.

Troops rescue another Chibok girl with three children in Borno

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