Ex-banker In Police Net For Allegedly Swindling Over 200 Nigerians In Illegal Forex Deals

362

Ex-banker In Police Net For Allegedly Swindling Over 200 Nigerians In Illegal Forex Deals

A former staff of a new generation bank has been arrested by the police for allegedly defrauding Nigerians of over N500 million in illegal forex deals.

The suspect, 32-year-old Seye Onigbinde, who studied Economics at the Obafemi Awolowo University, has rendered over 200 Nigerians broke following his proposal to double their return on investment monthly through forex deals.

According to the suspect, his victims began to trust him after he fulfilled his promise on his first set of investors.

The victims who made huge profits had introduced other Nigerians to him.

At this point, Onigbinde who operated for about 3 years with no registered office address and license and without being detected by law enforcement agents swindled his “clients” and permanently switched off his phone.

He was however tracked and arrested by detectives led by the Area Commander Area ‘F’, ACP Akinbayo Olasoji through his wife who had threatened to run to America with their only child when she noticed illegal dealings by her husband.

Detectives had tracked his wife’s phone number after several petitions from his victims who approached police operatives to seek justice.

Onigbinde told newsmen that he regrets his actions.

“I collect money from people for forex trading. I have been in the business since 2017 but my wife got to know the deals I am into towards the end of last year,” Onigbinde said.

“When she discovered, she warned me not to collect money from Nigerians. She advised I could convince family members to invest but she never knew I have gone far into it.”

“I graduated and had my NYSC with Gtbank. I have been married for over two years now. I collected the money from my clients to invest in forex, but the business went bad and I lost the money.

I am owing many of my clients about N234million and I promise to pay back in one year.

“Although, I have been operating without license from Securities and Exchange Commission (SEC) and CBN but I was planning to clean up and go legitimate soon before I was arrested.”