Nigeria's Economic and Financial Crimes Commission (EFCC) said on 12 November 2026 that its Lagos Zonal Directorate 1 arraigned businessman Ashley Segun Oshin before Justice Ismail O. Ijelu of the Lagos State High Cou…
Source: premiumtimesng.com · published
Nigeria's Economic and Financial Crimes Commission (EFCC) said on 12 November 2026 that its Lagos Zonal Directorate 1 arraigned businessman Ashley Segun Oshin before Justice Ismail O. Ijelu of the Lagos State High Court in Ikeja on one count of obtaining money by false pretence under the Advance Fee Fraud and Other Fraud Related Offences Act, 2006. The charge alleges that between 2009 and 2010 he got two people to hand over £122,000 by falsely claiming the money would be invested in a debenture fund of Oschards Limited with a 40 per cent annual return. Oshin pleaded not guilty. Premium Times reported that the judge adjourned the case to 18 November for trial and a bail hearing and ordered him remanded in a correctional centre in the meantime. The charge is an allegation and has not been proven. Victims are not named here.
Unlicensed investment and 'AI trading' sites usually start with a polished sign-up form, a promised high or guaranteed return, and pressure to deposit quickly, often after a call or a message on Telegram. Early small withdrawals may be paid so that you send more. Clone firms copy the name, and sometimes the address or phone number, of a real authorised business. Check the firm on your national regulator's register, and type the official website yourself rather than following a link. A regulator warning or a block order is not a finding that a particular customer lost money; it is a notice that the site is not authorised to offer those services.
Source: https://x.com/officialEFCC/status/2120925317782978980 (@officialEFCC, Nov 12, 2026, 12:02 PM ET); https://www.premiumtimesng.com/news/more-news/924749-efcc-arraigns-businessman-over-alleged-122000-investment-fraud.html (Premium Times, 12 Nov 2026)
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