21-year-old Dominic Ngene Joshua, who claims to be an “investment expert” has been arrested for allegedly diverting investors’ funds worth over N2 billion.
The Special Fraud Unit, Lagos, arrested Ngene, the Managing Director/Chief Executive Officer of Brisk Capital Limited, following petitions to the unit by several investors.
WITHIN NIGERIA learnt that funds belonging to over 500 investors were diverted to sponsor Ngene’s extravagant lifestyle, exotic cars, luxury watches, real estates in Lagos, Abuja and Port Harcourt.
According to the Special Fraud Unit (SFU), the suspect has confessed to the crime, but pleaded to be given time to return the funds.
The SFU said some of the properties and items purchased with the diverted funds have been recovered from him, and he will be charged at the Federal High Court soon.
Only months ago, Ngene, was featured in a business publication and a glowing piece was written about him. He was referred to as a “disruptor in the investment banking industry”.
The article has now been taken down following his arrest.