SO SAD: 300-Level UNILORIN Student Commits Suicide After Losing N300million To Forex

Gbenga Favour Olaoye-Akanbi

A Nigerian university student has committed suicide after being duped N300 million by a forex merchant. 

        An undergrad understudy of the University of Illorin, UNILORIN has ended his own life. It was assembled that the 300-level understudy of the Department of Agriculture, University of Ilorin, UNILORIN, Gbenga Favor Olaoye-Akanbi ended it all after he was supposedly tricked by a forex dealer, Eseka Chuckwutem Gospel (ESG). 


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As indicated by a report by SaharaReporters, Olaoye-Akanbi was found dead on Sunday in the wake of devouring a substance suspected to be a toxin. 

The 19-year-old understudy was said to have contributed over N300 million having a place with his partners and companions in a business run by ESG. 

A companion of the expired and a financial specialist with the firm clarified how they were Scammed.

He said,
“The investment in forex. The guy’s name is Eseka Chuckwutem Gospel. We started the investment together this year. It seems he stopped trading, so he turned indirectly to a Ponzi scheme without the knowledge of those investing.

“He has a particular group. Most people in that group collected money from other people to invest in their business. The late Gbenga collected money from different people to invest with ESG at a certain percentage.

“Later on, the investment crashed, and the guy was arrested. With the help of some senior police officials, he was released. So over time, people that were with ESG as investors( they had borrowed money to invest) were now being pressurized to repay the loan they took. I am one of the investors, too; we were under a lot of pressure to pay up. So I think because of this guy’s age, he is just 19-year-old, he couldn’t withstand the pressure and committed suicide.”

A course mate of the deceased said he assured them that forex is not a Ponzi scheme and that he had back up funds, much enough to pay every one of his investors their capital and profits even if things went wrong.
“It’s so sad; I have over N5m investment deal with him. He claimed to be the one doing the trading initially, but when the problem started around June, he started mentioning one Eseka Chuckwutem Gospel as his boss. He told us they were arrested together, but that our money was safe with him.

He later promised to pay everyone’s capital before December. I was surprised when I saw people posting his pictures with RIP today,” he said


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