A Federal High Court in Lagos has issued a bench warrant against an alleged Ponzi scheme operator Victoria Imase-Regal for alleged N36.45 million fraud.
Justice Tijjani Ringim issued the bench warrant on Thursday following an application made by counsel to the Police Special Fraud Unit (PSFU) Justin Enang.
PSFU had dragged the defendant alongside her four companies before the court on a seven-count charge of conspiracy, obtaining by false pretence and issuance of dud cheques.
The defendant was charged alongside her four companies: Yellowpoint Group, Media Enterprise, Yellowpoint Investment Limited and Yellow Point FT. International Limited.
The police alleged that the woman had used her companies to defraud victims of the above stated sums, on false pretence of giving them Multiple Return on Investment.
Among those allegedly defrauded by the defendant are: Iyoha Gabriel, Adebeshin Opeoluwa, Kayode Fowode and Samson Martins.
Imase-Regal, 46, was also accused of issuing two new generation banks’ cheques with the monetary value of N18.45 million and N18 million to Iyoha Gabriel, which were presented for payment, on the date stated therein. But both cheques were rejected on the ground that there were insufficient funds in the account.
