Ijiomah Marksman Chinedu, the chief executive officer of the Chinmark Group, has been listed as a wanted person by the Nigerian Police for allegedly taking part in an investment fraud over N480 million.
According to reports, Chinedu encouraged investors to take advantage of certain investment possibilities by offering fixed interest rates.
A big investor who allegedly transferred N480,013,000 into multiple bank accounts linked to Marksman lured over 4500 individuals to his investment prospects.
Once a debt collection company, Chive GPS filed a complaint with the police on behalf of the unnamed investor, and a Magistrate Court in Lagos authorizsed an arrest order, Chinedu was listed as wanted in a Police gazette bulletin.
According to Chive GPS’s petition, the CEO of Chinmark advertised investment opportunities in 2020 and 2021 on social media while portraying himself as a business tycoon in the real estate, hospitality, trading, and financial loans sectors.
Chinedu allegedly collaborated with a number of people to plan the fraud, which succeeded in defrauding the naïve investment of N480.01 million.
”We are retained by and others “Our Clients” and on whose express instruction we write to lay a criminal complaint of a well-orchestrated theft, fraud, and obtaining money by false pretences against the trio of Ijiomah Marksman, Marksman Uhunoma Trinity, and Chinmark Group herein referred to as “MARKSMAN,” the petition reads.
The firm also stated that: “Sometime in 2020 and 2021, MARKSMAN invaded the social media space and other mediums advertising for investment and posed as investment moguls that can manage the public’s funds for investments in real estate, hospitality, trading, and financial loans, in exchange for fixed return at a predetermined rate and duration.”
“Oblivious of the large-scale fraud ahead, our clients transferred, at various times the sum of Four Hundred and Eighty Million Thirteen Thousand Naira (N480,013,000) into the following multiple bank accounts controlled by Marksman.
“The proposed transaction was packaged and designed to yield fixed interests. However, upon expiration of the investment, the chief masterminds, Ijiomah Marksman and Purity Marksman, are rumoured to have fled the country to the UAE or the South Pacific Island of Vanuatu and severed stopped any form of communications with our clients.
”Marksman may have coordinated this fraud alongside a well-financed cyber-actor namely; Amanda Chisom, Peter Awuzie, Happiness Awuzie, Linda Chinemelum Paul, Ada Ujaligwa, Timothy Benedict, and Harrison Gwamnishu who promoted the following as CHINMARK GROUP’s assets all over the country,” Chivas GPS added.