A Warri-based fish farmer, Mr. Edafe Imirike, has instructed the Federal Excessive Courtroom in Abuja that he was deceived into investing $10,778.64 in Afriq Arbitrage System (AAS) Restricted, a cryptocurrency platform.
The corporate and its CEO, Jesam Michael, are dealing with expenses of advance payment fraud introduced by the Economic and Financial Crimes Commission (EFCC).
Imirike, the primary prosecution witness, testified that he invested in the platform after being launched to it by his sister, who resides in Canada.
He claimed that Michael confirmed him a Company Affairs Fee (CAC) doc and an EFCC certificates to guarantee him of the platform’s legitimacy.
“He instructed me what to anticipate. He confirmed me a CAC doc and EFCC certificates to point out that the platform was legit,” Imirike mentioned.
He added that he invested the cash from his fish farming enterprise and even invited two of his uncles to hitch the platform.
Throughout cross-examination, Imirike admitted that he invested as a result of he believed the platform was real.
“I invested based mostly on the CAC and the EFCC certificates and that the platform was real. That our capital shall be secured,” he mentioned.
The witness additionally testified that he acquired returns on his funding, together with a withdrawal of $137. Nonetheless, he denied gathering a complete of $11,910.00 as returns, as claimed by the protection lawyer.
The courtroom adjourned the matter till June 27 and July 4 for continuation of trial.
