Thursday, December 2, 2021



HomeNewsGeneral NewsN22 Billion Fraud: Imagine Global owners Ajetunmobis buy Antigua and Barbuda citizenship

N22 Billion Fraud: Imagine Global owners Ajetunmobis buy Antigua and Barbuda citizenship

Bamise and Elizabeth Ajetunmobi, the Nigerian couple on the run for defrauding thousands of investors out of N22 billion, have been granted citizenship in Antigua and Barbuda, two lovely Caribbean islands.

The couple’s and their underage children’s Antigua and Barbuda passports appeared on the internet overnight, hours after rumors that they had fled Nigeria when their ponzi scheme Imagine Global Solutions Ltd failed, leaving hundreds of investors stranded.

The passports also revealed that the pair planned their departure months ahead of time to avoid investor scrutiny. Mr Ajetunmobi and one of their young children obtained their passports on the same day, April 29, 2021, according to data entries on their passports. Mrs Ajetunmobi obtained her own passport on May 4, 2021, a few days later. The couples were just discovered fleeing Nigeria this past weekend.

It’s unclear how the passports got onto the internet, but journalist Jackson Ude appears to have been the first to share them on Twitter, where Peoples Gazette first learned about the situation. Antigua and Barbuda has established itself as one of the most important Caribbean passport issuing countries.

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The countries offer different layers of passports for sale at prices that range from moderate to exorbitant, selling between $38,000 to $261,000 at St Lucia, Commonwealth of Dominica, Dominican Republic, Saint Kitts and Nevis, Antigua and Barbuda, amongst other islands nestled off the scenic Atlantic coast.

Federal crime suspects like former Nigerian minister Diezani Alison-Madueke and another fleeing couple Gloria Osei and Muyiwa Folorunsho have purchased passports in the Caribbean to circumvent judicial consequences of their alleged fraud.

Imagine Global, a micro lending service to small and medium businesses, offered 22 per cent as interest on loans received and 10 per cent returns to investors.

Several victims on social media detailed how they lost between low five figures to as high as N500 million. A WhatsApp group as well as a Nairaland forum had been created for those affected by the fraudulent scheme to pool resources towards recovering their investments.

Imagine Global, which was registered in 2017, stated on its website that it has a customer base of 90,000 Nigerians, but it was unclear how many of them were able to recoup their investments before the Ajetunmobis disappeared. The couple reportedly fled to London, where a branch of Imagine Global was incorporated in August 2019.


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