CEO Breach Menders, Mayowa Olukehinde Avows Innocence Of Investment Fraud Allegations
The Chief Executive Officer of Breach Menders, Mr. Mayowa Olukehinde has reiterated his innocence and efforts he had made to make amends amidst lingering allegations against him of absconding with investment money.
The allegations which surfaced online in November 2021, accused Mr Olukehinde of making away with up to N50 million from investors.
Mr Olukehinde, who came forward to address the narratives surrounding the affair, said he was also a victim of unscrupulous individuals.
“These accusations are not only misleading but deeply unfair,” Mr. Olukehinde stated. “I, too, was a victim, misled by trusted individuals and caught in a fraudulent scheme that spiraled out of control.”
He stressed his commitment to making amends, “I have continually strived to resolve the situation and make amends to the best of my ability.”
This, he said, was despite “facing significant personal and financial hardships” in the wake of the terrible affair.
Recounting the series of events that led to the calamitous situation, Mr Olukehinde narrated how he was introduced to Mr. Afe Gbolahan, an instrumentalist in his father’s church.
He said Mr. Gbolahan presented an enticing forex trading opportunity with promising returns of 30% on investments.
He said he was assured of the integrity and reputation of the main trader, a certain Joshua Kayode of Quintessential. Mr Olukehinde said he was further assured that the investments were secured under the Insurance policy of AIICO with No: PFEP/IK/2020/026156).
With trust established, Mr. Olukehinde promoted the investment opportunity to family, friends, and acquaintances and that everything went smoothly with Gbolahan making regular payments as promised. However, by January 2021, delays in payments began, which were attributed to bank issues due to the New Year.
According to Mr Olukehinde, this was despite receiving substantial investments totaling over N92 million in December 2020 alone.
As delays continued, Gbolahan continued to reassure Mr. Olukehinde that the issues were temporary. By April, with the situation still unresolved, Gbolahan sent communications to investors promising imminent payments and even asked Mr. Olukehinde to draft a letter outlining a new repayment plan. Trusting his assurances, Mr. Olukehinde compiled.
Despite numerous reassurances from Gbolahan, the payments never materialized. As the situation deteriorated, Mr. Olukehinde said he took legal action, filing petitions with the EFCC, DSS, and other authorities, but these efforts did not yield immediate results.
Mr Olukehinde, said he has faced severe financial and personal repercussions, including defamation, harassment, and even blacklisting by immigration authorities.
He added that further efforts such as hiring private investigators and engaging law enforcement have failed to find and bring Gbolahan to book.
Mr Olukehinde noted that by 2021 he had managed to consolidate debts and pay off a portion of the outstanding amounts, including paying 10% of what was owed to investors.
The CEO of Breach Menders added that he has since been cleared of any wrongdoing by law enforcement agents. He stressed his sincere efforts to repay and cover part of the losses, which he has substantially done. “I remain committed to making amends and rebuilding trust,” he concluded. “This experience has been a harsh lesson, but it has also strengthened my resolve to ensure transparency and integrity in all future endeavors.”
