Court adjourns ₦15bn Ponzi Trial of Ajetunmobi to April 2026

By Akin Kuponiyi

A Federal High Court sitting in Lagos has adjourned the trial of alleged Ponzi scheme operator, Bamise Samson Ajetunmobi, and his company, Imagine Global Solutions Limited, to 27 April 2026.

Ajetunmobi and his firm are facing a 35-count amended charge filed by a team of legal officers from the Office of the Attorney-General of the Federation and Ministry of Justice, led by Barrister E. K. Ugwu and Kehinde Bode Ayeni.

They are accused of conspiring to defraud a combined group of 27 individuals and companies of more than ₦15 billion.

According to the charge before the court, Imagine Global Solutions Limited, with its head office located at Plot 29(A), Adebisi Ogunniyi Crescent, Lekki Phase 1, Lagos, allegedly worked with Ajetunmobi and others now at large to obtain the funds between February 2018 and December 2022 under false pretences.

The prosecution alleged that the defendants collected various sums from investors on the promise that the funds would be invested on their behalf, with agreed monthly returns and a full refund of principal at the end of each investment tenure, a representation they are accused of knowing to be false.

The offences are said to contravene Section 8(a) of the Advance Fee Fraud and Other Fraud-Related Offences Act, 2006, and are punishable under Section 8, read alongside Section 1(3) of the same Act.

Some of the victims listed in the charge include five limited liability companies-Greta Ventures Limited, April Breakthrough Ventures, Sure Support Investment Services Ltd, Grantiff Global Investment Ltd and Meric Investment Ltd, as well as two medical doctors, Dr Onyekachi Onubogu and Dr Deborah Tella, along with her company, Serene Health Care Ltd.