Lagos court orders Imagine Global to pay ponzi victims N19bn

Lagos court orders Imagine Global to pay ponzi victims N19bn

A Lagos State High Court in Ikoyi has ordered Bamise Samson Ajetunmobi and Elizabeth Anuoluwapo Ajetunmobi of the Imagine Global Holding Company Ltd, Imagine Global Solutions Ltd, to pay N19billion to the victims of their ponzi scheme.

According to Daily Post, the judge delivered judgment in a suit filed by 27 claimants who sued for themselves and 118 investors of Imagine Global Solutions Ltd on Thursday.

The company ran a lending service to small and medium businesses, offering 22 per cent as interest on loans received and 10 per cent returns to investors.

The litigants approached the court through their lawyers Adetunji Adedoyin-Adeniyi of AAA Chambers and Banwo & Ighodalo and Co.

In a suit marked LD/579CM/2021, they sought several declarations and orders against the couple and the companies.

In preliminary objections filed by their counsel Olukunle Nathan-Marsh, the Ajetunmobis, who did not appear in court, asked the court to throw out the case.

But Justice Abdullahi-Oyekan dismissed the objections and granted all the declarations and orders sought by the investors.

The judge ordered the couple to pay the N15,541,350 at 10 per cent interest per annum, “being the outstanding investment sums accruing to the 1st to 17th claimants, who are investors; together with all other listed investors, in the second defendant’s company, upon the maturity of the respective investments and the accrued return on investments thereon”.

Imagine Global was registered in 2017 and had around 100,000 subscribers.

The couple reportedly fled to London, where they incorporated a branch in August 2019.

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