NewStats: 3,265,000 , 8,185,304 topics. Date: Friday, 13 June 2025 at 06:34 AM 5n301

A 300-level student of the Department of Agriculture, University of Ilorin, Gbenga Favour Olaoye-Akanbi, has committed suicide after he was allegedly duped by a forex trader, Eseka Chuckwutem Gospel (ESG).

The 19-year-old student was said to have invested over N300 million belonging to his colleagues and friends in a business run by ESG.

Speaking to SaharaReporters, a friend of the deceased and an investor with the firm explained how they were duped.

He said, "The investment is forex. The guy's name is Eseka Chuckwutem Gospel. We started the investment together this year. It seems he stopped trading, so he turned indirectly to a Ponzi scheme without the knowledge of those investing.

"He has a particular group. Most people in that group collected money from other people to invest in his business. The late Gbenga collected money from different people to invest with ESG at a certain percentage.

"Later on, the investment crashed, and the guy was arrested. With the help of some senior police officials, he was released. So over time, people that were with ESG as investors( they had borrowed money to invest) were now being pressurized to repay the loan they took. I am one of the investors, too; we were under a lot of pressure to pay up. So I think because of this guy's age, he is just 19-year-old, he couldn't withstand the pressure and committed suicide."

A course mate of the deceased said he 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 told SaharaReporters.

http://saharareporters.com/2020/12/22/19-year-old-unilorin-student-commits-suicide-after-losing-n300m-forex

This took me down memory lane in the University of Benin years ago.

We called him F D. He used forex trading investment to dupe people, made students collect money to the tune of millions.

And he claimed to be a campus fellowship pastor of Daystar then.



And then he disappeared.


Rest on ,young Lad

I'm sure you didn't set out to lose people's money reason you couldn't live with yourself.


It's a harsh world !!

FOREX NOT FOR THE FAINT HEARTED .

How did a 19yr old get access to 300m ?

Nbotee:
How did a 19yr old get access to 300m ?

Anything is possible bro,

Had to delete previous comment,lol I don't like meeting people online especially on a faceless forum

300milli that’s a lot
Rest on Lad
It’s not easy out there, na why I don’t trust people with my money

doggedfighter:
This took me down memory lane in the University of Benin years ago.

We called him F D. He used forex trading investment to dupe people, made students collect money to the tune of millions.

And he claimed to be a campus fellowship pastor of Daystar then.



And then he disappeared.


Rest on ,young Lad

I'm sure you didn't set out to lose people's money reason you couldn't live with yourself.


It's a harsh world !!

RIP to the young lad.

But at some point, he was living large with people's money - buying lands, benz and latest iphones

Suicide is never an option.
Suicide is Murder..
The Consequences of Suicide cannot be compared to any state you are Here on Earth.

Hell Fire is a literal place where people enter every minute..
Salvation through JESUS Christ is the Greatest Gift of life.

Fmghewzy:


Sit down there and be asking jamb questions.

Making money online is easy if you know what you are doing.



I just wonder how those mumu Yahoo boys doing charms to get client and dupe them.
Can't they branch into forex and use same charms.

So why did he commit suicide since he can easily get back the monies he lost?

Nbotee:


So why did he commit suicide since he can easily get back the moniesp he lost?

He was also duped by a partner in crime, his name is Gospel Esekwutem or whatever his name

Fraud kills.
Forex, crypto and other voodoo investment are lies. The operators use the money for either Ponzi scheme
or gambling while lying to their victims about fake investment.
He has successfully sent many into poverty in this hard time. This country needs stronger regulation to prevent fraud.

He’s not a scammer

330 million into Forex this boy no get sense at all. How many times will they tell you before you know Nigeria is not for you. u think say u dey wise u be mumu man chaiii yaaa mumu no too much. Well Shaa sorryoo sorryooo

Hmmmmmm

Nbotee:


So why did he commit suicide since he can easily get back the monies he lost?

Ask him if you can.

I am only telling you that making money online is not as hard as you think

osamz007:
FOREX NOT FOR THE FAINT HEARTED .

Most people won't understand that

weep not, the boy is actually alive and this is just a fake death hoax to escape from the debts

wow!
N300 million. That's a lot of cash.

bigjackass:
weep not, the boy is actually alive and this is just a fake death hoax to escape from the debts

There is a picture of his body lying dead in the hospital

To those asking how a boy of 19 years had to 300million,

He was simply a middleman who source for funds from his friends and invested with the Scammer.

The love of money is the root of all evil

:FOREX NOT FOR THE FAINT HEARTED .Most people won't understand that

Mheen! Collecting money to invest on people's behalf. Very risky thing to do. Rip Nigga!

abeg e reach to commit suicide
who knows what was on his mind b4 attempting sucide, he was devastated and many of us may have that kinda experience, ₦300m is alot of money for a 19yrs old to pay back.. but the bitter truth is that he's so weak in heart that sucide is the only option for him to escape pressure...
well it is his choice,life goes on
may his soul rest in peace

sorrow

How come this forex keep making people commit suicide?

the love of money is the root of all evil

Later on, the investment crashed, and the guy was arrested. With the help of some senior police officials, he was released. So over time, people that were with ESG as investors( they had borrowed money to invest) were now being pressurized to repay the loan they took. I am one of the investors, too; we were under a lot of pressure to pay up. So I think because of this guy's age, he is just 19-year-old, he couldn't withstand the pressure and committed suicide."

MBA Forex and Capital Investments PH.
How far?
We got an update on you too this week, hope it is not true?
Fingers crossed �

Agbegbaorogboye:
Won ti gba Manna

Dem no reach!
Na dem mama dem.go catch.
Nourish Super Loaves.
We aren't greedy,
All of us @[b][/b] We are contended with life.

wink2015:


It is not the BUHARI ISTRATION that needs to put regulation to prevent fraud.

IT IS THE HUMAN GREED for quick wealth that needs to be controlled.

But WILL HUMAN EVER LEARN FROM THEIR MISTAKES? That is the question.

MMM came and Nigerians got deceived.

Others followed the same story.

THEY WILL STILL NEVER LEARN?

Control your human greed for quick wealth.

Words of a wise man!