The founders of investment firm, Imagine Global Holding Company Ltd and Imagine Global Solutions, Bamise Ajetunmobi and Elizabeth Ajetunmobi, have been found guilty of duping unsuspecting Nigerian investors.
The couple were ordered by the Lagos State high court, Ikoyi division, to refund 27 investors their capital and pay interest on the investment for breaching their agreement, bringing relief to the claimants.
Justice Toyin Oyekan-Abdullahi ordered the Ajetunmobis to pay the total sum of N18.8billion; with the breakdown indicating N15.5 Billion will go to the 1st to 17th claimants, while the 18th to 27th plaintiffs will receive N3.3 billion.
Imagine Global Holding Company Limited was established in 2017, claiming to offer 10% monthly returns on high yield investment opportunities and other investment banking related services in Nigeria and across Africa.
Between 2017 to 2021, the company reportedly raised over N20 billion from investors, before carting away with investors money, indicating that Imagine Global Holding is a ponzi scheme. It was gathered that there is an outstanding investments of N11.79 billion.
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