Corps member lands in Kirikiri prison after investing N3.5million in MMM
A 2016 Batch B member of the National Youth Service Corps (NYSC) is currently cooling off at the Kirikiri medium prison in Apapa, Lagos after a failed N3.5million investment in popular Ponzi schemes MMM and Twinkas.
The corper was arrested and arraigned for embezzlement after the Ponzi schemes which he invested in, using company’s money, failed.
The corps member who was hoping to make a quick profit before the end of his service year, by using his employee’s money ended in debt.
His employers upon hearing about his gullible investment invited the police and he was arrested. His plight was revealed by a colleague who is a lawyer.
The lawyer, Augustine Ukpo, who is also currently observing the one-year mandatory national youth service, in a post online, said:
“I was in court representing our Corper member colleague who was arrested and arraigned today before the Agbomalu Magistrate Court involved in N3.5 million embezzlement from his PPA (Place of Primary Assignment).
”He is now in Kirikiri Medium Prison pending the perfection of his bail conditions. While interviewing the corper member, I noticed bruises all over his body, evidence that he was beaten. He was kept in police custody for more than 24 hours. These got me furious as a lawyer. Even though the corper agreed that he used the money for MMM and Twinkas, his fundamental right should not be compromised. In this vein, I shall be filing a fundamental right action against the employer of the Corper.”
Lawyer Ukpo refused to disclose the name of his client but posted photos showing signs of torture allegedly inflicted on him in the police cell before he was transferred to prison custody.