The young entrepreneur Enugu disappears with billions of Naira belonging to the investors (Photo)

The young entrepreneur Enugu disappears with billions of Naira belonging to the investors (Photo)

A young businessman based in the state of Enugu, Mr. Agbo Paul Onyebuchi Divine is currently on the run after deceiving investors for billions of naira.

According to Sahara Reporters, Divine, founder and CEO of De Ecstasy Agro and Farming Services, disappeared with the money invested in his company by members of the public.

The money, which is said to reach several billion naira, was invested by those who promised to pay a 30 percent return on investment every 30 working days.

Since the beginning of this month (November), many of the investors largely made up of students from Nsukka University of Nigeria and other institutions around, who have visited the company’s office located at 234 Enugu Road, Nsukka, Enugu State, are disappointed as Mr Divine is nowhere to be found.

In addition to running away with the investor fund, Divine, who hails from Imilike Agu under the Udenu local government area of ​​Enugu state, bragged that nothing will happen to him as he has the protection of those who are at the “top” .

A victim of the investment fraud, who spoke to SaharaReporters, Maduka Anyika Madu, said the development has thrown many Enugu families into grief and depression.

He said: “Agbo Paul Onyebuchi Divine, CEO of De Ecstasy Agro and Farming Services, ran off with investors’ money totaling billions. He even boasts that no one can do anything to him.

“This callous act of his has put many families in Enugu in crisis. The people who invested their funds were left crying with grief. We ask the authorities to help us track down this man and make sure we get all our money back. “

Another victim of the fraud, Chinaza Ugwuoke, also expressed disappointment with the development.

She said: “I still can’t believe I’ve been scammed. Oh Lord, how do I survive this? “

A young man named Onyedikachi Hyginus, also a victim of the now fugitive businessman, said the situation negatively affected his life.

He said: “My life is in ruins because of you (Mr Agbo Paul Onyebuchi Divine)”.

Other victims of this scam, who also expressed regret over the latest development, revealed that Mr. Divine and his De Ecstasy Agro and Farming Services have caused pain to the people of Nsukka and that without getting their money back, many families do not they will recover from the trauma for a long time.

In addition to raising money from members of the public through her farming business with a promise to pay off palatable earnings in six weeks, Divine also runs a real estate company which she uses to lure unsuspecting members of the public to part with their funds.

When SaharaReporters looked for the ‘wanted’ businessman’s reaction to the development, his mobile phone line reported that it was off.

This isn’t the first time businessmen promising massive returns on investments have run away with funds belonging to members of the public – the latest just adds to a long list of such fraudulent acts by scammers often aided by powerful Nigerians.

For example, in May 2021, the Economic and Financial Crimes Commission (EFCC) arrested a certain Amos Olaniyan for using DHIL Nigeria Limited to allegedly defraud over N128 million people through a shady investment scheme.

In September 2021, 24-year-old Adewale Jayeoba of Wales Kingdom Capital Limited was found wanted by the EFCC for allegedly unsuspecting victim fraud in the amount of N935 million.

Between October 2020 and August 2021, Nigerians were robbed of more than N12 billion by around 10 Ponzi schemes that promised outrageous returns on investments, according to data obtained from the EFCC website.

This aside from the more than N18 billion Nigerians lost by the infamous Mavrodi Mundial Movement between 2015 and 2016.

Despite several petitions to anti-transplant agencies in Nigeria, not many perpetrators of these crimes have been punished for their act.

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