The class action suit brought against Nigerian couple, Bamise and Elizabeth Ajetunmobi, over N18.8 billion investment fraud has ended in favor of the plaintiffs.
The Lagos High Court Sitting in Osborne, Ikoyi delivered the judgment in favor of 27 aggrieved Nigerian investors who were scammed by the couple, ordering them to refund the money with interest.
The couple had allegedly fled the country after the investors raised an alarm that they have been scammed of N22 billion, prompting the lawsuit.
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In his ruling, Justice Toyin Oyekan-Abdullahi, dismissed all the preliminary objections filed by the defendants and exited the CBN from the proceedings.
The defendants in the suit are Imagine Global Holding Company Ltd, Imagine Global Solutions Ltd, and the Nigerian couple, Bamise and Elizabeth Ajetunmobi.
Imagine Global Solutions Ltd claimed to be running a micro lending service to small and medium businesses, offering 22 per cent as interest on loans received and 10 per cent returns to investors.
The court granted the reliefs sought by the 1st to 17th claimants’ counsel- Adetunji Adedoyin-Adeniyi in the sum of N15.5 Billion and the rest of the Claimants’ represented by the law firm of Banwo and Ighodalo in the sum of N3.3 Billion totaling the sum of 18.8 Billion.
The court had earlier frozen funds and assets of the defendants…
