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:
📢 #JusticeForJesam #WhereIsThe87Million #AASInvestorsUnite #Crypto
Posts
Get the thief and release our CEO Jesam Michael, EFCC should stop chasing shadows and feeding the public with false information.
ReplyDeleteYou all are sick for calling abayomi, i know jesam Michael has paid you guys. But you are will fail. All true investors will be refunded because justice will be served.
ReplyDeleteYou are the one that is very sick even sick unto death.
DeleteAre you blind? Your hatred for Jesam Michael can not do you good in any way rather it will hurt you the More.
How much Aboyomi Paid You, Aboyomi the criminal you are fighting for has already confessed his crime before the public and is documented.
Jesam Michael is very innocent
You are the sick one for not acknowledging the truth in front of you.
DeletePolice and EFCC should go after Aboyomi who stole $87 and he confessed his crime before the public
ReplyDeletePlease EFCC Free Jesam Michael unconditionally, Jesam Michael is Very innocent, police and EFCC should not cover truth, They know truth very well.
Release Jessem Michael! Put the real thief in jail
ReplyDeleteYou guys are zombies paid to act like investors
ReplyDeleteJESAM MICHAEL IS A CRIMINAL
WE THE REAL INVESTORS ARE ASKING FOR OUR CAPITAL
REFUND OUR CAPITAL CRIMINAL
You are the real Zombie and real fake investor paid By Aboyomi the CRIMINAL
DeleteIf you are real investor, You wouldn't be saying all these trash.
You are the confirmed zombie and I doubt if you are an investor. Abayomi confessed to stealing investors' funds and you are here spilling rubbish. Go get a life you wild animal.
DeleteRelease JESAM MICHAEL, we the AGC ok investors ask for his release, go after the the real thief Abayomi who stole our 87 million dollars
ReplyDeleteJesam is innocent only fake investors will say otherwise. The proves of Abayomi as the thief is there. He has acknowledged the fact that he stole the money . Those that fight grace will be disgrace
ReplyDeleteIt is obvious that abayomi has paid you with the stolen money but I can assure you the pain we have gone through will rest upon you so heavily that you cannot bear it because you have choose to support the lies
DeleteI'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.
ReplyDeleteWith this process you will never get any money, Have you seen such things happen before now, police and EFCC are covering the truth, It's only the judiciary we rely on.
DeletePls go after the real thief in person of Abayomi Oluwasesan and free Jesam Michael.
ReplyDeleteJesam Michael is not innocent his the big thief he should return our capital all this rubbish will not help a thief is a thief no matter how packaged the thief is
ReplyDeleteAll those zombies claiming Jesam Michael is innocent if you are given your capital now hope you won't take it because his innocent this thief called Jesam Michael Ubi must give me my own capital by law the court will decide
ReplyDeleteFBI etc, can you provide the evidence, Jesam Michael told all the investors that he went for liver treatment before the enemy within abayomi strikes and pulled out $87m from the AAS system, The EFCC will never publish the proof any where but it is only in court of law the proof can be presented. Moreover you can never get your money the way you think you can get it, Have you seen such things happen before now through this process? We all know who stole AAS money that is the enemy within abayomi.The Nigeria judiciary sector should release Jesam Michael.
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.
ReplyDeleteU re a big fool
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.
EFCC should leave Jesam Michael alone, for how long will you guys keep on covering the truth? EFCC you stand for justice, what's going on in Jesam Michael case? How can a confessed criminal be enjoying his life and you are trying to jail the innocent man.
ReplyDeleteAm also AAS investor and it's clear and obvious that Jesam Michael Ubi is a scammer and i have no business with Abayomi I have business with Jesam Michael Ubi and am requesting for my capital and we all can go back to our lives there is no peace for the wicked
ReplyDeleteEFCC should stop detaining the wrong person. Jesam Michael is being wrongly detained. EFCC should go after Abayomi Segun Oluwasesan who is the real thief. Release Jesam Michael and deal with the real thief.
ReplyDeleteAttention.
ReplyDeleteThey've never sent a single proof of a court hearing, where it's supposed to be public. We've never heard of the process with supporting documents. Jessam Michael has never been seen in prison in the Telegram groups. There's nothing; they just spout words and 40 idiots like the posts of the stupid, sellout administrators. The guy who runs the group in Spanish is enslaved, dreaming of a project that stalled because Jessam Michael simply wanted to create an ecosystem and lacked the money to finish it, having spent the resources on personal luxuries and supposed use cases that I doubt will work at this point. Have you seen people shopping at the Apple Store, or have you seen the lounges filled with joy? Jessam Michael, in my opinion, spent the money and invested it in assets that will remain with him if the justice system is as corrupt as they say it is in that country. That's why Nigerians have such a bad reputation, they are an ignorant people fed by savagery and oppression and the current results of several generations with a poverty mentality is the fault of corrupt governments and that's why their citizens do the same, scam people and boldly joining all WhatsApp groups to offer only Ponzi schemes. Nigerians don't wake up and their bad reputation with this case has grown much more. Imagine the supposed Abayomi case that has been going on for years and without results, now you can imagine how long this supposed Jessam Michael case is going to last. For God's sake, what degree of ignorance is there on Telegram? Haven't they realized that they say the word SOON all the time and it's never soon? When is it soon for you? Are you going to wait your whole life believing in a thief of lives? Did the token depend on Jessam Michael to have supply and demand or will it depend on the arbitration platform with which he sold the idea and took the money? Jessam Michael is hitting rock bottom and is going to feel so emotionally unwell that he won't even want to live. At first, I believed him. I brought many investors to the platform, which only lasted three months. It's identical to a Ponzi scheme. No one complains anymore because that's the idea: to wait for people to give up and get bored, giving up. In the end, Jessam Michael will hand over some money to the government entities, and they will close the case, terminating the project without returning the money. Learn to trade; no platform is real.
Mr. 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