A storm of outrage swept through the FCT High Court in Jabi, Abuja, on Wednesday as hundreds of aggrieved investors of Afriq Arbitrage System (AAS) flooded the courthouse, demanding the prosecution of Abayomi Oluwasesan, whom they accuse of embezzling a staggering $87 million from the company.
The protest, which quickly gained viral traction online due to footage showing placard-waving demonstrators chanting slogans like “Abayomi Is the Thief!” and “Where Is Our $87 Million?”, was a passionate call for justice and the immediate release of the embattled AAS founder and CEO, Mr. Jesam Michael, who is currently remanded in Kuje Correctional Centre.
The Heart of the Outrage
The investors allege that the man truly responsible for the financial crisis at AAS is not Jesam Michael—but rather his former associate, Abayomi Oluwasesan. According to multiple protest leaders, Jesam entrusted Abayomi with operational control during a period of medical recovery, only for Abayomi to betray that trust.
“He was given the keys to keep the business running,” said investor Albert Churchill, visibly emotional as he addressed the crowd. “Instead, he used that access to lock Jesam out of the system, transferred millions into personal accounts, and went on a spending spree—buying cars, houses, and vanishing from Lagos.”
Where Is the Money?
Investor Mr. Chibuzor added that while Abayomi has reportedly returned a few assets under a plea deal, the bulk of the money—still locked in crypto wallets under his control—remains missing.
“This is not just about bail for Jesam,” Chibuzor emphasized. “This is about recovering what was stolen. We are not shouting in ignorance. The facts are out there—Abayomi even admitted to taking the money! Why is he free while our CEO, who tried to help people through blockchain innovation, is in detention?”
Public Sentiment Turns
The protest gained momentum following a June 13 post by the Economic and Financial Crimes Commission (EFCC) announcing Jesam’s arraignment. However, the EFCC post triggered an unexpected twist: over 1,000 of the 1,033 public comments on Instagram stood in defense of Jesam Michael. The overwhelming consensus online was clear—many Nigerians believe he’s being wrongly punished while the actual perpetrator remains untouched.
Justice or Injustice?
The scene at the courthouse painted a picture of deep frustration, but also a united call for action. Protesters vowed to continue lawful demonstrations until the alleged thief is held accountable and investors’ funds are returned.
“This isn’t just about one man,” said protest coordinator Tina Adebayo. “It’s about trust in our justice system and the protection of innovation in Nigeria. Jesam Michael built something powerful. Abayomi destroyed it. Now, the system must correct this wrong.”
What’s Next?
With court proceedings underway and public interest surging, all eyes are now on the Nigerian judiciary, the EFCC, and law enforcement agencies. Will they heed the protesters’ call and go after Abayomi Oluwasesan with the same energy used against Jesam Michael?
For the thousands of Afriq Arbitrage investors demanding answers, one thing is clear: the fight is far from over.
📹 Watch the protest video:
https://youtu.be/3broxfr27Bk?si=-aGlfuLtWEpMPXKShttps://youtu.be/3broxfr27Bk?si=-aGlfuLtWEpMPXKS
📢 #JusticeForJesam #WhereIsThe87Million #AASInvestorsUnite #Crypto
Free Jesam Michael and Face Aboyomi the real thief, Aboyomi ruined AAS Jesam Michael Built with his hard earned money
ReplyDeleteJesam Michael is innocent and he has clean hands. Authorities should bring Aboyomi to book. Aboyomi openly confessed his crime he committed against Jesam Michael and AAS
Aboyomi is Real thief, Aboyomi has sent many investors to their early graves
ReplyDeleteIt will not be with Aboyomi from his generation to generation.
Release Jesam Michael, He is very innocent.
EFCC should stop chasing shadows and misleading the public, Jesam Michael is innocent, they're not representing the investors and the good image of Nigeria.
ReplyDeleteEFCC should stop disgracing our country before the whole world, is a shame to the nation.
Release Jessem Michael! Put the real thief in jail
ReplyDeleteIs Abayomi the owner of AAS, was there liver transplant?, since the case of Abayomi till date, how much have you recieved from AAS, what of the AAST token. Come on i believe you were bought and you are not really investors. What about all the things he has been buying with investors money yet he lock there money. EFCC knows what they are doing pls EFCC make us proud and show to the world that Nigeria is no longer a country that you will come and dupe people of there hard earned money and go free.
ReplyDeleteI'm not surprised that the thief, jesam Michael, would go to any length to escape justice. all these are staged just to get public sympathy and influence the court judgement in his favor. the efcc have done their due diligence and found that Jesam is a hardened criminal. You all are wasting your time. If you love jesam, advise him to enter a plea bargain so that his jail time will be minimized. He must and will refund his victims. We don't know any abayomi.
ReplyDeleteFREE Jesam Michael and go after Abayomi Oluwasesan, a former staff/Web developer of the company who CONFESSED to stealing investors' funds that he was trusted with when Jesam Michael went for an urgent medical attention at the time.
ReplyDeleteThose idiots slaves that claimed Jesam Michael is innocent and accused Abayomi as a big thief are really blind and super idiots. Listen you guys idiots slaves of Jesam Michael, do you think EFCC chairman and his staffs are idiots like you? Remember EFCC is having strong evidence that Jesam Michael is a big dog anjing babi asu scammer. Even International agencies like FBI etc already warned them to jail this idiot scammer. You must note that Jesam Michael can't prove himself undergone liver transplant, he can't prove he lacked our fund in Binance Liquidity pool. How come you come out with your stupidity and shouting like a dog crying?? Fuck you all. We want our money to be refunded. We don't have business with Abayomi, our business is with Jesam Michael. 😡😡😡😡😡😏😏🙄🙄
DeleteInnocent as how we don't have any business with abayomi we have business with Jesam the big thief and we must collect our money all those zombies claiming to say Jesam Michael Ubi is innocent I laugh if you are given your capital now you will be very happy I wonder how humans are soo dull in their thinking Jesam Michael Ubi is a big thief period and his going to pay us our capital he is spending our money hard earned organizing protest which I know no reasonable investor was available because the lies are too much we don't care about anything let Jesam Michael Ubi return our capital that's all useless criminal
ReplyDeleteA few people who are complicit with Abayomi and other detractors claim Jesam hired people to protest and write! They are all ignorant and wicked people who will rather side with evil than expose it. The boy called Abayomi, with no pedigrees nor history of wealth suddenly starts buying buildings, buy exotic cars, purchase lands, build hotels all within a space of less than 6 months. Did he do money rituals? If the authority is sincere, they should start their investigation there. Then they should check out Jesam’s pedigree and story. Even the dumb and blind can discern the truth. I am an investor and I’ve been part of this project from the onset. Of course, I have also lost a lot along with the people I brought into the project. I have seen over 6 decades and I can’t discern the fake from the real. Jesam is real and true. The glitch caused by Abayomi have sent many to their graves and have kept many under unnecessary financial affliction. All Abayomi deserves is a curse and incarceration and he will get it in full. No matter how far lies travels, the truth shall catch up with it in a second. I ask the authorities to be true and sincere in their investigation and not to be swayed by lies and satanic innuendos from Abayomi and his unholy gang. Abayomi should be behind the bars and not Jesam. I along with other sincere and wounded investors demand that Jesam be set free to continue his Nation Building efforts. I see light at the end of the tunnel. Shalom.
ReplyDeleteCEO Jesam Michael did the entire company AAS and the Token AAST as well the use cases that back up AAST like Longes soler estate ect and all this with his own money he saved from years of trading on the cryptocurrency, stocks forex as he is well known for many accomplishments in the trading world, Jesam Michael had a vision to invest in a platform and create for mankind to enjoy and be able to invest and get profits from all went well and positive progress and he gave constant update to his followers spartens until CEO Jesam Michael went thru a bad situation that led him to give and trust Abayomi with the company’s data and private keys at the end Abayomi just thought about him self and not caring about the investors stole 87 million but as Jesam Michael is a born fighter to never give up got well and arrested Abayomi as well Abayomi confessed in court of his crime and it’s in documents of this. Will will get justice to recover the funds stolen.
ReplyDeleteJESCAM is a notorious fraudster who scammed investors across more than 120 countries. He lured people into depositing funds into AAS with false promises that their money was securely locked in a Binance liquidity pool—so secure, he claimed, that not even he as CEO could access it.
ReplyDeleteHe claimed AAS was powered by a decentralized robotic system that traded crypto arbitrage, supposedly generating a 1.65% daily ROI. But in reality, no trading ever took place. It was a classic Ponzi scheme—robbing Peter to pay Paul—hence the need to freeze withdrawals.
JESCAM claimed to have locked investors funds in a binance liquidity pool so as to safeguard investors funds from theft and hackers and told investors that he as CEO does not have access to the liquidity pool.
Three months later, JESCAM spun an absurd tale: that a man named Mr. Abayomi—whom no investor had ever heard of—accessed the so-called locked binance liquidity pool and made 21 withdrawals totaling $87 million. He claimed he had handed over full control of AAS to this "trusted friend called abayomi" while he went for a liver transplant, even giving abayomi his fingerprint access, facial ID, and system passwords and also the biometrics of his wife to abayomi. The was the same binance liquidity pool Jescam told investors that he had no access to as the CEO.
To make matters worse, Binance publicly denied having any liquidity pool relationship with AAS.
To this day, JESCAM has failed to show any proof of the liver transplant or provide a single transaction hash for the alleged $87 million withdrawals. Blockchain doesn’t lie—yet he has no evidence to back up his claims.
Kudos to the Economic and Financial Crimes Commission (EFCC) for taking action and persecuting this evil scammer who scammed over 50,000 investors from 120, countries of the world.
EFCC Keep up the good work.
Jesam Michael Ubi is a thief and a big scammer he should release investors capital we have no business with abayomi we had business with Jesam Michael Ubi the big thief let him give us back our capital
ReplyDeleteMr. Jesam Michael is innocent Mr. Abayomi Oluwasesan is the one who stole money from the investors, Afriq Arbitrage System company. Please we investors of AAS are begging you to please release our CEO Jesam Michael for us and go after Mr Abayomi Oluwasesan, which is the real criminal who stole our company money to rich him self.
ReplyDelete