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Businessman Remanded at Kirikiri Over Alleged ₦360m Investment Fraud

A businessman identified as Blessing Anuwa has reportedly remained in custody at the Kirikiri Correctional Centre in Lagos over an alleged ₦360 million investment fraud involving friends and associates.

The development was made public by media personality Shola, who claimed he lost ₦180 million in a technology investment deal in 2024 after putting money into a project allegedly connected to the businessman.

Recounting his experience in a post on X, Shola said he was introduced to an individual seeking investment in an existing technology project through an acquaintance.

He explained that he attended several meetings, including discussions involving his lawyer, during which the project’s prospects and expected returns were presented.

Convinced by the proposal, Shola said he invested ₦180 million in exchange for what he described as attractive returns.

However, he alleged that difficulties emerged when the investment became due for repayment. According to him, the businessman repeatedly requested additional funds, citing problems that needed to be resolved before the project could meet its obligations.

Shola said he later discovered that the individual he had been negotiating with was not the actual developer but that his childhood friend, identified as Blessing Anuwa, was handling the project.

He further claimed that Anuwa had invested more than ₦120 million in the venture before his own involvement.

According to Shola, he continued waiting for repayment despite repeated explanations and delays between December 2024 and April 2026, when he eventually reported the matter to the police.

He alleged that police investigations subsequently established that the money had been transferred to Anuwa.

Shola also claimed that the developer had initially told his childhood friend that he was in China. However, he said investigations later traced the businessman to Ibadan, where he had reportedly relocated from Lagos and was living with his wife.

The media personality further alleged that Anuwa and members of his family later appealed for forgiveness as the matter progressed to court.

Shola disclosed that the suspect was reportedly granted bail in July but remained at Kirikiri Correctional Centre because he had yet to meet the conditions attached to his release.

He said the next court hearing had been scheduled for January 2027.

The media personality also claimed that the investment money had already been spent, adding that he was no longer willing to keep waiting for its recovery.

He maintained that he would rather allow the legal process to take its course than continue hoping that the money would be returned.

The allegations, including the claimed transfer of funds and the circumstances surrounding the investment, were contained in Shola’s account. A response from Anuwa or his legal representatives was not included in the report.

The case is expected to return to court in January 2027, where further proceedings may provide more details about the disputed investment and the allegations against the businessman.

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Ogunsola Gbenga is the Founder and Publisher of NaijaWide Media, the publisher of TheNaijaWide.ng, an independent Nigerian digital news publication covering Nigerian, African and international news.

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