General
Nigerian Investors Accuse Top MLM Leaders of Abetting Omegapro Fraud
By Modupe Gbadeyanka
Some top multi-level marketing (MLM) leaders have been accused of supporting a Dubai-based company, Omegapro Forex and Investment Trading Company, to defraud Nigerians.
A statement signed by Dr Ope Banwo, the Coordinating Attorney of Omegapro Action Nigeria Class (OANC), a group formed by affected investors, identified Tomiwa Orunnipin, Samuel Ajibare, Leo Bonaventure and others as those who abetted the foreign firm to dupe its Nigerian victims of over N100 billion.
It was gathered that those affected include widows, retirees, high-net-worth individuals, big business people, and even young people just starting in life.
How The Fraud Was Hatched
Omegapro Forex emerged on the scene, promising Nigerians and investors in general a pathway to financial success.
The investment scheme gained popularity and trust among Nigerians and in the world, as many saw it as a ticket to financial freedom. However, little did they know that it was going to be one of the biggest investment tragedies in Nigeria’s history.
With an intricate web of deception and manipulation, alleged promoters of the scheme, including Daniel Onoja, Tomiwa Orunnipin, Samuel Ajibare, Leo Bonaventure, and several top leader MLM Diamonds, painted the image of a foolproof investment opportunity with high returns and a secure investment environment.
Alleged promoters and agents such as Grace Udenwa Udoye, Wuraola Fadairo Orunupin, Olasebikan Oladapo, Maryann Ilorah, Chinwe Ikpe, Ajibare Olushola Ebunoluwa, Dotun Fatoyinbo, Dr Afoma Nwolisa, and Matthew Ogunmodede, marketed the venture aggressively, touting its legitimacy and potential for lucrative earnings.
At that rate of marketing, investors couldn’t help but take the bait, especially as top agents and promoters in the MLM industry who carried significant influence within their networks also participated in the marketing exercise for Omegapro.
They leveraged their status, persuading thousands of investors to entrust their hard-earned money with Omegapro. Their endorsements created an illusion of credibility that typically lured in unsuspecting Nigerians.
Aside from this, they kept assuring Nigerian investors that rigorous due diligence had been conducted by them on Omegapro’s Dubai-based owners and operations, implying that it was a legitimate and low-risk investment.
This way, investors put in their entire life savings, and pensions, while some even sold their houses and properties to invest in the Omegapro ‘Forex’ trading activities.
For their services, these top promoters allegedly collected a 10 per cent commission from the Omegapro Dubai company as a finders fee from the investment of every unsuspecting investor they referred to the scheme by selling it as a forex trading company.
At the height of what has now been declared a mega scam by investors, several of these top agents and promoters like Daniel Onoja, Tomiwa Orunnipin and Bonaventure Igboanugo allegedly earned over $50,000 weekly as finders’ fee commissions from 1000s of unsuspecting Nigerians whom they kept leading to believe that Omegapro was a legit Forex Trading Company. Cumulatively, they allegedly earned over $2 million each in just a couple of years.
The Dubai company allegedly owned by known Dubai-based scammers such as Andreas Szackas, Dilawar Singh, and Mike Simms with a long history of scamming people went as far as giving the investors a back office that showed that forex trading was going on in the company. These alleged forex trading activities have since been exposed by the USA CFTC as an elaborate scam to lure in people interested in forex trading on a global level.
According to Barrister Banwo, top promoters and agents of the biggest global forex scams in history allegedly used the illegal commissions and proceeds from this Omegapro Ponzi scheme to buy huge mansions in choice places in Nigeria, Canada, the USA, and the United Kingdom leaving investors in pain.
“Daniel Onoja recently celebrated the purchase of a multi-million-dollar house in Canada, while Leo Bonaventure, recently posted videos of the housewarming of his own amazing multi-billion naira estate in Lagos. On his part, Leo Bonaventure recently obtained a micro-banking license,” Banwo said.
While the promoters of the alleged scam smiled at the bank, investors have been crying having realised that the alleged due diligence said to have been conducted was non-existent, and their funds gone.
Interestingly, an investigation has now shown that experts in forex trading had for the past three years been sounding the alarm bells that Omegapro was a scam and a Ponzi scheme.
These experts wrote articles and posted videos about Omegapro, however, these Nigerian top agents and promoters pretended they did not see any of these warning signs as they continued to promote Omegapro as a foolproof investment.
Climax Of The Scam
The pains of Omegapro’s investors began in September 2022, when Omegapro Dubai leaders, their collaborators all over the world, and Nigeria suddenly announced that its system had been hacked, and it stopped releasing payments of matured investments to investors all over the world. A few weeks later, the Dubai owners announced that they were migrating all their investors’ accounts to a new company called Brokers Domain until they could fix the breach in their system. Investors all over the world started getting nervous with some asking tough questions.
Then around April 2022, while over $1 billion of investors’ money in over 70 countries remained frozen, the owners and their top agents and collaborators announced the formation of a new company called Go Global and began aggressively recruiting Omegapro investors to invest in the new company with promises that their investments in Omegapro would soon be released.
Many investors fell for this and started promoting the new Go Global company, while others started seeing the handwriting on the wall.
Finally, in August 2023, the Omegapro owners based in Dubai, and their top promoters and agents announced that they would not be able to pay anyone’s Omegapro investment because the United States CFTC had frozen their accounts over some investigations affecting one of their partners named Mike Simms. However, they could not explain how Omegapro money could have been seized in the USA when they had earlier confirmed that the company does not have any office in the USA and did not have any license to operate direct or financial transactions in the USA.
As suspicions grew, with many investors asking for more details of this shocking announcement, Omegapro leaders abruptly closed its doors, and many of their top Nigerian agents and promoters also went underground, leaving thousands of investors all over the world, including over 250,000 Nigerian investors in despair.
The company’s Dubai-based owners, Dilawar, Singh, and Paulo, and other top agents allegedly made millions of dollars in investments from over 70 countries all over the world, including an estimated N200 billion coming from Nigerian investors.
Amidst reports of a petition to the Economic and Financial Crimes Commission (EFCC), Interpol, and a pending class action lawsuit by affected Nigerian investors in the name of Omegapro Action Nigeria, one is forced to X-ray the involvement of these agents and promoters all over the world, especially those of Omegapro agents in Nigeria who aided and abetted the Dubai company to scam their citizens.
Questions such as were they complicit in the scheme, did they knowingly promote a fraudulent venture, or were they also victims of deception, were they willing accomplices, unwitting victims, should they be made to refund the billions of Naira they received in commissions for luring unsuspecting members of the public into parting with their hard-earned money into this global scam have been asked.
Typically, some maintain that the promoters are guilty of not doing their due diligence while promoting Omegapro thus leading to the loss of thousands of Dollars.
For this sect, the ruling is simple, a refund, at the minimum, the commissions earned from the illegal forex trading scheme is a must.
General
Navy Launches Operation Delta Sentinel to Achieve 2.5mb/d Oil Output
By Adedapo Adesanya
The Nigerian Navy has launched Operation Delta Sentinel, a new maritime security initiative designed to curb crude oil theft, secure critical oil assets and support the federal government’s ambition to ramp up crude production to 2.5 million barrels per day by 2027.
The operation, which replaces Operation Delta Sanity II, was formally unveiled at the Nigerian Navy Ship (NNS) Pathfinder Jetty in Port Harcourt, marking a renewed push to stabilise the Niger Delta and protect Nigeria’s oil-dependent economy.
Speaking at the launch, Commander Task Group 26.1, Operation Delta Sentinel, Rear Admiral Suleiman Ibrahim, said the initiative was aligned with the Federal Government’s drive to boost oil exploration and production under the Project 1 Million Barrels Per Day initiative of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC).
“The transformation from Operation Delta Sanity II to Operation Delta Sentinel is necessitated, among other considerations, by the Federal Government drive to increase oil exploration and production,” he said, adding that, “It is further anticipated that oil production would be about 2.5 million barrels per day by 2027.”
Rear Admiral Ibrahim, who is also the Flag Officer Commanding, Central Naval Command, said Operation Delta Sentinel would run for an initial one-year period, subject to 90-day renewable mandates, and would focus on denying criminal networks access to Nigeria’s maritime and oil infrastructure.
“Our objective is clear and unambiguous: to deny criminal elements freedom of action, protect critical national oil assets, support legitimate economic activities and contribute to enduring peace and stability in the Niger Delta,” he stated.
He explained that the operation would rely heavily on intelligence-driven missions, enhanced inter-agency collaboration and advanced surveillance tools, including Maritime Domain Awareness infrastructure, new maritime platforms, and manned and unmanned air assets.
“Our approach will be deliberate, innovative and technology-enabled. These capabilities will enable us to optimise asset utilisation, improve situational awareness and maintain a proactive operational posture,” he added.
The Navy said early indicators already show progress, noting that crude oil losses have dropped by about 90 per cent, from 102,900 barrels per day in 2021 to 9,600 barrels per day as of September 25.
Earlier, Flag Officer Commanding, Eastern Naval Command, Rear Admiral Chiedozie Okehie, highlighted the achievements of Operation Delta Sanity II, which was launched on December 30, 2024, to combat crude oil theft, illegal bunkering and pipeline vandalism.
“Operation Delta Sanity II lived up to expectations and made measurable contributions to national security and economic stability,” the Naval commander said.
According to him, between January 1 and December 31, 2025, the operation led to the arrest of 203 suspects, the deactivation of 324 illegal refining sites, and the seizure of stolen petroleum products valued at over N3.65 billion.
“An estimated 3.78 million litres of stolen crude oil, over 1.09 million litres of illegally refined AGO, 86,210 litres of PMS and 74,300 litres of kerosene were seized and appropriately handled,” he disclosed.
Rear Admiral Okehie added that the Navy’s operations, supported by collaboration with regulators, security agencies, oil industry stakeholders and host communities, contributed to a significant decline in crude oil losses, with NUPRC reporting the lowest loss levels since 2009 in September 2025.
With Operation Delta Sentinel now in force, the Navy said it is positioning itself as a key enabler of Nigeria’s oil production growth, investor confidence and long-term stability in the Niger Delta.
General
NUPRC, NRS Seal Oil Revenue Alliance Under New Tax Laws
By Adedapo Adesanya
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and the Nigeria Revenue Service (NRS) have moved to formalise a closer working relationship under the country’s new tax regime to ensure that upstream oil and gas revenues get tighter oversight and improved collection.
The renewed revenue alliance was activated when the chief executive of NUPRC, Mrs Oritsemeyiwa Eyesan, paid a strategic visit to the chairman of NRS, Mr Zacch Adedeji, at the tax agency’s corporate headquarters in Abuja.
The engagement comes less than two weeks after new tax laws took effect on January 1, 2026, mandating deeper collaboration between sector regulators and revenue authorities in the collection of oil and gas proceeds accruing to the Federation.
Speaking during the meeting, Mrs Eyesan said the engagement was part of her post-assumption consultations aimed at aligning the upstream regulator with critical national revenue institutions.
“With the new tax laws now in force, it is important that NUPRC and NRS work in close coordination to ensure that oil and gas revenues due to the Federation are fully captured,” Mrs Eyesan said.
“Our mandate goes beyond regulation. It includes ensuring transparency, efficiency and accountability in revenue flows from upstream petroleum operations.”
She stressed that effective collaboration between both agencies would strengthen compliance, reduce leakages and support government revenue targets at a time of heightened fiscal pressure.
On his part, Mr Adedeji said the tax authority was committed to working with sector regulators to maximise revenue mobilisation under the evolving legal framework.
“The oil and gas sector remains critical to Nigeria’s revenue base, and collaboration with NUPRC is essential to meeting government revenue targets,” Mr Adedeji said.
“With clearer laws and better data-sharing between our institutions, we can significantly improve collection efficiency and enforcement.”
Both agencies agreed to deepen cooperation through information sharing and coordinated operational strategies, in line with the provisions of the new tax laws governing petroleum operations.
The meeting concluded with a shared resolve by NUPRC and NRS to prioritise national interest, tighten revenue assurance mechanisms and ensure that Nigeria derives maximum value from its upstream petroleum resources.
General
Applications for Second Cohort of Moniepoint’s DreamDevs Initiative Open
By Modupe Gbadeyanka
To double down on Africa’s tech talent pipeline, the continent’s leading digital financial services provider, Moniepoint Incorporated, has opened applications for the second cohort of its flagship transformative programme, DreamDevs initiative.
A statement from the organisation disclosed that entries are expected to close on Tuesday, January 20, 2026, and should be submitted via dreamdevs.moniepoint.com.
Selection will be based on technical aptitude, learning potential, and alignment with Moniepoint’s values of innovation and excellence.
DreamDevs was created to bridge the tech talent gap in Africa by equipping recent graduates with industry-ready skills and real-world experience.
Each year, just 20 high-potential candidates are selected into an intensive bootcamp, with the strongest performers progressing into internship and full-time roles at Moniepoint.
Last year’s cohort delivered four hires – three interns and one full-time engineer – validating the programme’s role as a high-impact talent pipeline.
Targeting graduates from technology, computer science, engineering, and related fields with foundational programming knowledge in HTML, CSS, and JavaScript, DreamDevs offers a rigorous nine-week boot camp that immerses participants via hands-on training from leading software engineers. Standout performers will secure six-month internship placements at Moniepoint, with potential progression to full-time employment based on performance.
“The results from our first cohort validated our belief that with the right training and support, Africa’s young tech talent can compete globally.
“This year, we’re doubling down on our commitment by aiming to convert half of our participants into full-time employees. For us, DreamDevs is all about creating sustainable career pathways that drive Africa’s digital economy forward,” the co-founder and Chief Technology Officer at Moniepont, Mr Felix Ike, said.
“We’re proud to support the government’s vision of building three million technical talents while also creating direct employment opportunities through initiatives like DreamDevs. This multi-faceted approach ensures we’re contributing to national goals while simultaneously addressing our industry’s immediate talent needs.
“By investing in young people and providing them with practical experience, startup incubation support, and product development opportunities, we are not only creating high-impact jobs and driving sustainable economic growth across the continent,” he added.
Sharing his experience, a member of the first cohort and now a Backend Engineer at Moniepoint, Mr Victor Adepoju, said, “The organisation of the programme was top-notch. The training covered a wide range of topics and provided a solid foundation I could continue to build on.
“I learned a great deal about cloud technologies, particularly Google Cloud Platform. The program also emphasised valuable soft skills, including planning, organisation, and prioritisation, which have been very useful in my day-to-day work.”
DreamDevs aligns with Moniepoint’s broader vision of using technology to power the dreams of millions and engineer financial happiness across Africa. It complements the company’s existing talent development programs, including HatchDev – a collaboration with NITHub Unilag that produces 500 specialised developers annually across software engineering, intelligent systems, and IoT/embedded systems as well as its hugely popular, Women-in-Tech which is now in its fifth year. The initiative is also in tandem with the federal government’s 3 Million Technical Talent (3MTT) programme, for which Moniepoint serves as a key sponsor. While the 3MTT programme focuses on mass technical skills training across Nigeria, DreamDevs provides a specialised pathway that takes graduates from foundational training through to employment, creating a complete talent development ecosystem.
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