Police arrest seven staff of investment firm over alleged N226.7m fraud


The Delta State Police Command, on Friday, confirmed the arrest of seven persons in Asaba over the alleged N226.7m fraud under an investment company identified as Trust Integrated Investment Company Limited along Nnebisi road Asaba.

Mustafa Muhammad, the Police Commissioner in the state who confirmed the arrest of the suspects to journalists in Asaba disclosed that the suspects allegedly defrauded many unsuspecting residents of Asaba in the last few months through the investment company, adding that the suspects upon interrogation, made useful statements to the police.

He said, ” Some of the people duped petitioned the police, and upon investigation, the seven persons were arrested for allegedly defrauding the people to the tune of N226.7million. The suspects have made useful statements to the police, and investigation is ongoing”.

It was gathered that the suspects under the guise of Microfinance company around Asaba city Plaza Complex, allegedly duped unsuspecting Asaba residents including two female medical doctors to the tune of N226.7million.

But the police Commissioner while speaking further said, “The suspects from investigation are crooks who until they were arrested were working with one of the new generation banks; they admitted to the police that they were involved in the fraud to eke a living for themselves. Investigation is ongoing, and upon completion, the suspects will be charged to court”.

He gave the names of the suspects as ; Emmanuel Emelue, The investment manager, Adesegun Gabriel, Thomas Chibuzor, Desmond Chibuzor, Emmanuel Blessing, Dennis Arinze, Aba Beneth, and Cletus Ogbah, disclosing that the police apart from acting on a petition from some of the victims, disclosed that two of the suspects were currently standing trial for alleged fraud of N200,000, at Ogwashi UkU Magistrate Court

Sources said that suspects operated the investment company under the name -Trust Integrated Investment Limited in Asaba and allegedly cajoled unsuspecting customers with mouth-watering gains for their deposit, especially with the promise of giving out loans with ease to people desperate to improve on their businesses.

The police Boss further disclosed that some of them were traced to Enugu and arrested in their hotel rooms with their girlfriends.

One of the victims,a female Medical doctor who spoke to our correspondent on condition of anonymity said,” I was introduced to the suspects by a friend and I started with them with N200,000; now my money is gone because they are owing lots of people.”


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