Alleged Investment Fraud: Court Denies Afriq System’s CEO Bail

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Alex Enumahin Abuja


Justice ObioraEgwuatu of a Federal High Court in Abuja, on Tuesday, refused to admit to bail the Chief Executive Officer (CEO) of Afriq Arbitrage System (AAS) Limited, Mr. Jesam Michael, who is standing trial on an alleged investment fraud running into hundreds of million naira.


The judge took the decision based on the weight of the allegations against the defendant as well as the defendant’s safety.

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