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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
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Troops Crush Lakurawa Enclave in Sokoto, Kill Fighters, Destroy Terrorist Camps
Nigerian troops have killed several Lakurawa fighters, destroyed their camps and recovered weapons and five motorcycles during a clearance operation in Waria Forest, Tangaza Local Government Area of Sokoto State, the military has said.
The operation was conducted on Thursday, October 15, 2026, by troops of Sector 2 under the Joint Task Force North-West, Operation Fansan Yamma, as part of ongoing efforts to dismantle armed groups’ hideouts and restrict their movements across the region.
According to Lieutenant Colonel Aliyu Danja, the task force’s Media Information Officer, the troops advanced through identified terrorist enclaves around Alela, Bilange and Kandam villages before moving towards Waria Forest, where they encountered the armed group.
A firefight broke out between the soldiers and the fighters. The military said the troops overwhelmed the armed group with superior firepower, forcing its members to abandon their positions and flee deeper into the forest.
The soldiers pursued the fleeing fighters, killing several of them, according to the military account. A subsequent search of the area led to the destruction of the camps and associated support structures used by the group.
The operation also resulted in the recovery of weapons and five motorcycles believed to have been used by the fighters. The military did not disclose the exact number of people killed or provide details of any casualties among its personnel.
The Theatre Command said troops had maintained a strong operational presence in the area and would continue clearance operations to deny armed groups safe havens and freedom of movement.
It added that the mission was part of broader efforts to dismantle Lakurawa strongholds, disrupt their support networks and improve security in communities across Sokoto and neighbouring areas of the North-West.
The command commended the troops for their efforts and urged residents to provide timely and credible information about suspicious movements and activities to security agencies.
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The latest operation comes amid continuing military efforts to contain the activities of Lakurawa, an armed group that has operated in parts of Sokoto and Kebbi states and is associated in security reporting with militant networks in the Sahel.
The group attracted increased attention in late 2024 as Nigerian authorities raised concerns about its presence in the North-West. Security analysts have continued to examine its origins, affiliations and links to wider extremist networks operating across the Sahel region.
Lakurawa has remained a security concern despite repeated military operations targeting its camps and fighters. The persistence of armed groups in remote forest areas and near Nigeria’s international borders has complicated efforts to prevent them from regrouping after military offensives.
Earlier this week, troops reportedly killed a suspected Lakurawa militant in Soruro village, also in Tangaza Local Government Area, after receiving information about the presence of armed men. An AK-47 rifle, a magazine and ammunition were recovered during that operation, according to reports quoting the Sokoto State Police Command.
The latest clearance operation underscores the continuing security challenges facing communities in Sokoto State, where residents remain vulnerable to attacks, killings and other forms of violence by armed groups.
While the military says the destruction of the camps will help restrict the fighters’ movements, the longer-term impact will depend on sustained security operations, reliable intelligence and cooperation between security agencies and local communities.
The military has urged residents to remain vigilant and report suspicious activity as operations continue across the region.
Troops Crush Lakurawa Enclave in Sokoto, Kill Fighters, Destroy Terrorist Camps
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Kaduna Kidnapping: Couple, Six-Month-Old Baby Regain Freedom After Nine Days in Captivity
An abducted couple and their six-month-old daughter have regained their freedom after spending nine days in the hands of kidnappers, bringing relief to their family and renewed attention to the security challenges facing residents of Kaduna State.
The victims, identified as Ahmed Abubakar Zakka, his wife and their infant daughter, Fatima, were released on Thursday, October 15, 2026, according to reports confirmed by a security source to the News Agency of Nigeria (NAN).
The family was abducted from their residence in Alrahus Estate, Millennium City, Chikun Local Government Area of Kaduna State, on the night of October 6.
A retired security officer who said he had been involved in efforts to secure their release told Nigerian media that the family was returning to Kaduna metropolis in a vehicle driven by his driver. He attributed their freedom to the efforts of his team and private individuals.
The circumstances surrounding the release remain unclear. It has not been independently established whether ransom was paid or whether security agencies played a direct role in securing the family’s freedom.
The abduction attracted widespread public concern after a video showing Zakka holding his crying infant while an armed man pointed a firearm at him circulated on social media.
In the footage, Zakka reportedly appealed for help and said the kidnappers were demanding ₦300 million for the family’s release. The demand, as reported, highlighted the financial pressure such incidents place on families trying to secure the freedom of loved ones.
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The case drew particular sympathy because the couple were reportedly married for six years before the birth of their daughter. The infant’s presence in the footage intensified public outrage and calls for urgent intervention.
Former Vice-President Atiku Abubakar, who is the African Democratic Congress (ADC) presidential candidate, had called on security agencies to act swiftly to rescue the family and other Nigerians still held in captivity. He described the footage as disturbing and said no family should have to plead for its safety while in the hands of criminals.
The release of the Zakka family offers relief, but concerns over kidnappings in Millennium City and neighbouring communities remain. Other reported incidents in the area have raised questions about residents’ safety and the ability of security agencies to prevent armed groups from invading homes.
The Kaduna State Police Command previously announced intensified clearance operations, targeted raids and patrols in Millennium City and Maraban Rido, in collaboration with other security agencies. The command also reported arrests of suspected kidnappers and alleged informants during operations in the area. However, no confirmed link between those arrests and the abduction of the Zakka family has been established.
The latest development underscores the need for sustained security measures to protect residents, improve emergency response and prevent further abductions.
While the family’s release marks a positive outcome after days of uncertainty, the circumstances surrounding their captivity and freedom remain unclear. Attention is now turning to the safety of other people reportedly held by kidnappers and the need to ensure that residents of Kaduna communities can live without the persistent fear of abduction.
Kaduna Kidnapping: Couple, Six-Month-Old Baby Regain Freedom After Nine Days in Captivity
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MURIC Warns EFCC Over Atiku Probe, Says Timing Could Heighten Political Tension
The Muslim Rights Concern (MURIC) has urged the Economic and Financial Crimes Commission (EFCC) to reconsider the timing of its reported renewed investigation into allegations involving former Vice-President Atiku Abubakar, warning that the move could heighten political tension ahead of Nigeria’s 2027 general elections.
MURIC’s Founder and Executive Director, Professor Ishaq Akintola, made the appeal in a statement issued on Friday, October 16, 2026, arguing that anti-corruption investigations involving prominent opposition figures must be handled in a manner that protects public confidence in the impartiality of law enforcement agencies.
Akintola said the organisation was concerned that revisiting allegations dating back nearly two decades during a politically sensitive period could create suspicions of selective prosecution, particularly if similar cases involving other influential individuals were not receiving comparable attention.
He urged the commission not to take steps that could inflame political passions or deepen divisions in an already tense political environment.
“It is an ill wind that blows nobody any good. We warn that reopening the case file of a presidential candidate at this time could inflame passions. EFCC should not heat up the polity,” he said.
The controversy followed reports that the EFCC had received a petition from former House of Representatives member Ehiozuwa Johnson Agbonayinma, who is seeking a renewed investigation and possible prosecution of Atiku over alleged financial crimes linked to investigations conducted in 2006.
Reports published on October 14 by Nigerian media outlets said Agbonayinma submitted the petition through his lawyer, Chief Hannibal Egbe Uwaifo, SAN. The petition was dated August 27 and reportedly received by the commission on September 1, 2026.
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Agbonayinma subsequently visited the EFCC headquarters in Jabi, Abuja, on October 12, where he reportedly adopted the petition and answered questions from investigators.
The former lawmaker asked the commission to revisit its September 2006 investigation report involving Atiku, as well as a report issued on February 4, 2010, by the United States Senate Permanent Subcommittee on Investigations.
Agbonayinma has argued that the allegations deserve renewed scrutiny and that public officials should be held accountable under the law, regardless of their political status. He also disclosed that he had petitioned United States President Donald Trump over the matter.
However, the reported developments do not, on their own, establish that the EFCC has formally decided to prosecute Atiku. The commission’s spokesperson had not publicly provided a detailed response on the status of the investigation in the reports reviewed.
Akintola said MURIC was not opposed to the investigation or prosecution of corruption allegations where evidence justified legal action. Rather, he maintained that the EFCC must demonstrate consistency and fairness in its treatment of suspects, irrespective of political affiliation, religion or social standing.
“MURIC is not encouraging corrupt practices. Neither are we saying the law must not take its due course. What we are saying is that there should be a level playing field. All alleged fraud offenders should be given equal treatment,” he said.
The MURIC director questioned why the case was attracting renewed attention at this stage, given the age of the allegations and Atiku’s long-standing involvement in presidential politics.
“Where was EFCC since all these years? Alhaji Atiku Abubakar’s case file has always been in EFCC’s cabinet since 2006,” Akintola said.
He warned that any arrest or detention of a major opposition candidate during the election period could trigger public backlash and potentially strengthen support for the politician concerned.
According to him, the detention of opposition figures does not necessarily weaken their political standing. He cited the experiences of international figures, including Malaysia’s Anwar Ibrahim and South Africa’s Nelson Mandela, as examples of politicians whose periods of imprisonment did not permanently diminish their public appeal.
Akintola also referred to Myanmar’s Aung San Suu Kyi and India’s Jawaharlal Nehru while arguing that the political consequences of detaining prominent figures can be unpredictable.
He cautioned that if the EFCC’s actions were widely perceived as an attempt to weaken the opposition, the controversy could create difficulties for the ruling All Progressives Congress (APC) and President Bola Ahmed Tinubu. He did not, however, provide evidence that the reported investigation was politically motivated.
The MURIC director said Nigeria, which continues to face serious security challenges, should avoid political developments that could further strain national stability.
Invoking the Latin maxim “Si vis pacem, para bellum,” meaning “If you want peace, prepare for war,” he warned that actions perceived as political persecution could create an atmosphere of confrontation rather than encourage peaceful competition.
“Arresting any presidential candidate at this time will be a wrong strategy. It will look as if we are preparing for war. But that is not what our dear country needs at this time because we are fighting one already,” he said.
Akintola also defended MURIC’s decision to speak on the matter, saying the organisation’s commitment to human rights and justice extended to all Nigerians, regardless of their political or religious affiliations.
He said Atiku was entitled to the protection of his fundamental rights like any other citizen, while stressing that the organisation would similarly oppose unfair treatment of non-Muslim politicians.
Citing the Qur’an, Akintola said the obligation to uphold justice applied even when doing so conflicted with personal interests or those of relatives. He described MURIC’s intervention as consistent with its motto, “Dialogue, Not Violence.”
The organisation called on the EFCC to ensure that any further action in the matter was guided by evidence, due process and equal application of the law.
“The best advice we can give EFCC is to rethink the reopening of Atiku’s file. Nigerians are not fools. Nobody will believe that opening Atiku’s file at this time is procedural,” Akintola said.
He added: “EFCC should close politicians’ files for now. Let Nigeria breathe, please.”
The dispute places renewed scrutiny on the balance between pursuing alleged financial crimes and maintaining public confidence in the independence of anti-corruption institutions during an election cycle. While MURIC has questioned the timing of the reported investigation, the allegations against Atiku remain allegations and should not be treated as established wrongdoing without a judicial determination.
MURIC Warns EFCC Over Atiku Probe, Says Timing Could Heighten Political Tension
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