Court orders Ajetunmobi couple to pay N18.9bn to Ponzi victims

The Lagos State High Court in Ikoyi on Thursday ordered Imagine Global Holding Company Ltd, Imagine Global Solutions Ltd, Mr. Bamise Samson Ajetunmobi and Mrs. Elizabeth Anuoluwapo Ajetunmobi to pay N18.9billion to victims of their alleged Ponzi scheme.

Justice Taofiquat Oyekan-Abdullahi gave the order while delivering judgment in a suit filed by 27 claimants who sued for themselves and 118 investors of Imagine Global Solutions Limited.

Both Imagine Global firms are believed to be owned by the Ajetunmobis.

The investors, through their counsel Adetunji Adedoyin-Adeniyi of AAA Chambers and Banwo & Ighodalo and Co, had approached the court in a suit marked LD/579CM/2021, asking the court for several declarations and orders against the couple and their firms.

But the Ajetunmobis, whose whereabouts are unknown and their firms in their preliminary objections filed by their counsel, Olukunle Nathan-Marsh, asked the court to dismiss the investors’ suit.

Justice Abdullahi-Oyekan dismissed the preliminary objections and granted all the declarations and orders sought by the investors.

The declarations and orders granted by the judge include: “An order of the court mandating, compelling and directing the defendants to forthwith pay the first to 17th claimants, represented by Barrister Adedoyin-Adeniyi of AAA Chambers, jointly and severally pay the total sum of N15,541,350 billion, at 10 per cent interest per annum being the outstanding investment sums accruing to the first to 17th claimants, who are investors; together with all other listed investors, in the second defendant’s company, upon the maturity of the respective investments and the accrued return on investments thereon.

“An order of the court mandating, compelling and directing the Defendants to forthwith pay the 18th to 27th Claimants, represented by Banwo and Ighodalo and Co., jointly and severally pay the total sum of N3,387,450 billion, at 10 per cent interest per annum being the outstanding investment sums accruing to the 18th to 27th claimants who are investors; together with all other listed investors, in the second defendant’s company, upon the maturity of the respective investments and the accrued return on investments thereon.”