Chinmark investment scheme,finafrica crashes. (Read More Here).
As over 10,000 investors in the Chinmark Group stand losing Billions in investment, some of the investors have called for the arrest of Marksman Ijomah, Amanda Chisom and other principal officers of the doomed investment firm.
The calls for their arrest followed the inability of the firm to pay a return on investment popularly called ROP to their multitude of investors since December 2021.
While Ijomah is the founder of the company, Amanda Chisom is the brand ambassador who lured thousands of investors into the scheme.
Financial experts say investors stand to lose more than N10 billion in the scheme, describing it as a ponzi.
Ijomah is also said to have restructured ownership of physical assets belonging to the firm, removing his name and that of his wife as directors.
For instance, a CAC search on Chinmark’s group companies showed that Mr Marksman Ijiomah had changed the name of the hotel at Enugu from Chinmark Suites to Bridge Suites.
He removed his name and his wife’s names as the Directors of the hotel and used different sets of people.
A lawyer, Collins Ogonnaya Arikor said that due to the restructuring, investors can’t attach the hotel to recover their investment if they don’t get paid since the existing fact presupposes that Marksman Ijiomah doesn’t own the hotel.
“So while people are busy thinking there is an asset on ground – the hotel, there’s basically nothing.
“The other…
