300-level student of the Department of Agriculture, University of Ilorin, Gbenga Favour Olaoye-Akanbi, 19, has committed suicide after he was allegedly duped by a forex trader, Eseka Chuckwutem Gospel (ECG).
SaharaReporters reports that Olaoye-Akanbi was discovered dead on Sunday, December 20, 2020, after drinking poison. The deceased was said to have allegedly invested over N300 million belonging to his colleagues and friends in a business run by ECG.
A course-mate in a chat with Sahara Reporters, said Gbenga assured them that forex is not a Ponzi scheme and that he had back up funds, much enough to pay every one of his investors their capital and profits even if things went wrong.
“It’s so sad; I have over N5m investment deal with him. He claimed to be the one doing the trading initially, but when the problem started around June, he started mentioning one Eseka Chuckwutem Gospel as his boss. He told us they were arrested together, but that our money was safe with him.
He later promised to pay everyone’s capital before December. I was surprised when I saw people posting his pictures with RIP today,” he said.