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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.
By Aduragbemi Omiyale
Young bloggers, online content creators and digital influencers have been charged to embrace ethical journalism, responsible storytelling and fact-based reporting as they shape public opinion in the digital age.
This task was given by the Minister of Information and National Orientation, Mr Mohammed Idris, during the Niger State Bloggers, Online Publishers and Content Developers Forum on Monday in Abuja.
In a statement on Tuesday by his Special Assistant on Media, Mr Rabiu Ibrahim, the Minister said digital platforms offer enormous opportunities for innovation and civic engagement but must be used responsibly to promote truth, national unity and constructive public discourse.
He urged bloggers and content creators to verify information before publication, reject misinformation and disinformation, avoid sensationalism, and use their platforms to educate, inspire and promote national development.
Mr Idris also encouraged young Nigerians to see digital content creation not only as a source of income but also as a tool for civic engagement and nation-building, stressing that ethical communication is essential to strengthening democracy and public trust.
He further encouraged aspiring bloggers and digital entrepreneurs to continue developing their skills and uphold professional standards that will strengthen the credibility of Nigeria’s online media ecosystem.
“There is no democracy that can thrive without a responsible media. You cannot carry freedom and abandon responsibility,” he stated, adding that the government remains committed to protecting press freedom while encouraging ethical journalism.
The Minister also highlighted the establishment of the International Media and Information Literacy Institute (IMILI), the world’s first UNESCO Category 2 Institute dedicated exclusively to Media and Information Literacy, describing it as a major step in promoting digital literacy and responsible online engagement.
By Adedapo Adesanya
The vice-presidential candidate of the Nigeria Democratic Congress (NDC), Mr Rabiu Kwankwaso, disclosed that Mr Peter Obi, the party’s presidential candidate, signed agreements committing himself to serving only one four-year term if elected in 2027.
Mr Kwankwaso explained that the documents comprised a formal agreement involving the political party and a separate personal accord between himself and Mr Obi.
According to Mr Kwankwaso, the deal stipulates that the presidency will return to Northern Nigeria in 2031 upon the completion of an Obi-led administration’s four-year tenure, if elected next year.
“We have agreed to formalise it in writing,” Mr Kwankwaso stated. “We have executed one document for the party and another between the two of us,” he revealed during an appearance on Channels Television’s Politics Today late on Monday.
He reiterated that Mr Obi would honour his pledge and resist pressure to seek a second term, expressing confidence in the former Anambra State governor, noting that his interactions had convinced him that he would respect the agreement.
“I personally believe him, and, based on what I now know about him, I do not believe he will change his mind when the time comes,” he said. “We are all gentlemen.”
Mr Kwankwaso added that he and Mr Obi would continue to collaborate after the proposed administration completes its term.
“The agreement is that after four years, we will continue to work together as a group, as a party, and as friends and brothers,” he said. “After our four-year term, from 2027 to 2031, power returns to the North. That is the consensus.”
The former defence minister did not state that he would be the NDC presidential candidate in 2031; his comments referred broadly to the presidency returning to the North, rather than to his personal political ambitions.
Mr Obi has repeatedly pledged to serve only one term if elected; however, he has yet to publicly confirm the specific details of the documents described by Mr Kwankwaso.
In the 2023 Presidential polls, Mr Obi was the Labour Party presidential candidate while Mr Kwankwaso contested on the platform of the New Nigeria Peoples Party (NNPP).
By Aduragbemi Omiyale
Over 1.14 million hectares of degraded land have been restored by the Nigerian government, with more than 1.5 million trees planted across the country in the past year.
This information was revealed by the Minister of Environment, Mr Balarabe Abbas Lawal, at the 2026 Top Management Retreat and National Tree Planting Campaign in Maiduguri, Borno State.
He said these achievements were made through initiatives of the federal government like the Agro-Climatic Resilience in Semi-Arid Landscapes (ACReSAL) project and the National Agency for the Great Green Wall.
According to him, the restoration of the land and the planting of trees demonstrate a clear national commitment to securing environmental sustainability while advancing economic growth.
The Minister reemphasised that the environment is not an abstract concept, pointing out that “it is the air we breathe, the land that feeds us, the rivers that sustain communities, and the climate that shapes the future.”
He praised Governor Babagana Zulum of Borno State for his giant strides in the environment sector in the state, urging other state governors to emulate him by providing sponsorship for their students to the various Federal Colleges of Forestry Resources Management institutions located across the six geo-political zones of the country to encourage and boost Forest education in the country.
He described the decision of Mr Zulum to sponsor 540 indigenes of the state to a forestry college in Maiduguri as commendable.
Mr Lawal also informed the participants of the programme that the Presidential Executive Order on the Prohibition of Exportation of Wood and Allied Products, 2025, is a key policy instrument under President Bola Tinubu’s administration, saying it protects Nigeria’s forest resources, curbs illegal logging, and encourages tree planting as a national duty.
He pledged the Federal Ministry of Environment’s continued partnership with state governments on afforestation, ecosystem restoration, and other interventions tailored to their needs.
“Nigeria’s environmental future can be secured by protecting natural heritage, strengthening climate resilience, and advancing inclusive and sustainable development for present and future generations,” he declared.
