The Economic and Financial Crimes Commission, EFCC, on Thursday, December 4, 2025, returned N96,500,000 to victims of a ponzi scheme in Enugu State, in a significant win against financial fraud.
The restitution followed a complaint filed on September 30, 2024, by Chijioke Ngwu and others against Oyubu Clement Akpojewve, also known as Justice Nonso Chima, Managing Director of Leverage Index Limited.
The petitioners said Akpojewve misled them into investing in a fraudulent forex trading scheme through two plans.
The “Monthly Plan” required a minimum deposit of N2.5 million, promising N200,000 or 8% monthly returns while retaining the principal for further trading.
The “Live Trading” plan allowed any deposit for same-day trading, promising a 10% profit the next day.
Investors said Akpojewve later made repeated excuses before shutting down his office and disappearing.
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Investigations revealed that he and his accomplices moved the funds through multiple bank accounts to conceal the stolen money.
At the handover, EFCC Executive Chairman Ola Olukoyede, represented by Enugu Zonal Director Commander CE Daniel Isei, reaffirmed the Commission’s commitment to fighting financial crimes and ensuring victims are compensated.
Isei urged Nigerians to be cautious with high-return investments. “Offers that look too good to be true often are. Use this as a lesson and educate your friends, family, and children,” he said.
One of the beneficiaries, Ukwu Ernest Ikechukwu, who received N19.9 million, commended the Commission.
“This shows that a government agency can actually deliver for the people,” he said.