Afriq Arbitrage System (AAS) has labeled the Coalition of Civil Society for Good Governance ((CCSGG) led by Comrade Okpanachi Jacob as purveyors of falsehood. AAS, through it lawyers, Okoi Obeten and Henry Akwaji, rubbished the claims by Jacob that its CEO, Mr. Jesam Michael, duped investors of $87 million.
The lawyers, at a press conference held on Tuesday, April 16, 2024, also confirmed that a $10 million lawsuit has been launched against Prince Humble Eteng, Michael Okoh, Okoi Daniels, and Engineer Awajioma.
According to the lawyers, the individuals were sued because of their alleged collaboration with CCSGG to injure the longstanding reputation the organization has maintained.
The lawyers added that the charges against the individuals were also bothering on cyber bullying, attempt to life and property, lies and unlawful incitement and instigation against the CEO of the company, Jesam Michael, his family and Afriq Arbitrage System.
The legal representatives described the actions against AAS and its CEO as inappropriate, unfounded and a campaign of calumny to malign the integrity of the organisation and management.
According to Obeten, the matter is in court and the security agencies have picked Abayomi Olusesan who has admitted to committing the heinous crime of stealing investors’ funds to the tune of $87m.
“So why accuse the CEO, Jesam Micheal of defrauding the company of the said amount,” Obeten added.
Speaking further, Akwaji reiterated that legal actions were taken against the CCSGG for being biased despite knowing the truth and for misleading the general public by allowing themselves to be used by agents of falsehood.
In conclusion, the CEO of Afriq Arbitrage System, Jesam Micheal, said he wondered why a reputable group like CCSGG could be used by Prince Eteng and others.
During the press conference, the CEO tendered the official court documents which confirmed that Abayomi admitted stealing the investors fund to the tune of $87m which he said was also captured in video evidence.
He said that some of the properties Abayomi bought with part of the money have been collected, except the main money which he promised to return to the company. Mr Michael added that after being granted bail, Abayomi reneged on his promises and was picked up again by the relevant authorities.
The AAS’ CEO added: “We will not take the laws into our hands but they should be ready to face the wrath of the law of the land. These are the same people who dragged us to the security agencies and when we got there with facts they ran away and became fugitives. Out of frustrations, they devised a kangaroo world press conference to disseminate all manners of fabricated lies and deceits.”
