Court orders interim forfeiture of 14 properties belonging to 21-year-old Dominic Ngene over N2b investment fraud

Legal News

N2b Investment Fraud: Court orders interim forfeiture of 14 properties worth over N150m belonging to 21-year-old Dominic NgeneJustice D.E. Osiagor of the Federal High Court sitting in Lagos, Nigeria, has granted an Order of Interim Forfeiture of fourteen landed properties belonging to M.D/CEO of Brisk Capital Limited, Mr. Dominic Joshua Ngene.

21-year-old Joshua, who claims to be an ‘investment expert’ was arrested last year by the Special Fraud Unit, Lagos, for allegedly diverting investors’ funds worth over N2 billion.

In a statement on Thursday, March 31, the Public Relations Officer of the Police Special Fraud Unit, SP Eyitayo Johnson, said the Order followed an application on Motion Ex-Parte filed by the (PSFU) in December 2021 pending the determination of criminal charges proffered against Dominic Joshua by the Unit in Charge No. FHC/L/223C/2021.

The properties, spread across Lagos (Parkview Estate), Rivers and Cross-River States were worth over One Hundred and Fifty Million Naira (N150,000,000.00). These are covered by Deed of Lease, Contract of Sale and other Title Deeds.

N2b Investment Fraud: Court orders interim forfeiture of 14 properties worth over N150m belonging to 21-year-old Dominic Ngene

Mr. Dominic Joshua allegedly lured victims on Social Media Platforms, Newspaper Publications and via handles of Social Media Influencers.

He claimed to be a Financial Investor of repute and promised Prospective Investors of Return-On-Investment (ROI) ranging from 15 – 60 percent.

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