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Business News of Tuesday, 21 January 2020

Source: punchng.com

Forex trade fraud: Blueprint Consultants deny involvement

Blueprint distances itself from Onigbinde's investment fraud Blueprint distances itself from Onigbinde's investment fraud

The Managing Partner, Blueprint Consulting, Mr. Tijani Adeyanju, has maintained that the company is innocent and did not take any part in the forex trade investment fraud perpetrated by one of its partners, Seye Onigbinde.

Onigbinde, according to Punch, allegedly defrauded about 354 investors under the disguise of a business venture named Blueprint Business Development and Consulting.

Some of the defrauded investors, who spoke with our correspondent on Friday, said they were convinced to put their money in the scheme, thinking it would bring fortunes.

According to reports, Onigbinde was being investigated by the police at the Area F Command, Ikeja, Lagos, led by ACP Akinbayo Olasoji, over a sum of N574.2m.

He allegedly obtained the sum from his unsuspecting victims while promising them a monthly interest of 20 to 30 percent.

According to the police, the suspect claimed to have paid principal and interest to the tune of N482.3m, remaining an outstanding of N233.4m.

While addressing a press conference, Adeyanju revealed that the company was registered with the Corporate Affairs Commission to carry out the business of accounting services, training, tax advisory, and business support services.

He stated that Blueprint Consulting was not in the business of trading in foreign exchange or any allied services whatsoever.

According to Adeyanju, Onigbinde traded in foreign exchange in his personal capacity and not as a partner in Blueprint Consulting.

He said, “By trading in foreign exchange, Mr Seye Onigbinde breached the provisions of the object clause of the company as registered with the CAC.

“If any paraphelia of the company was used by Onigbinde, he did it illegally without the consent and or authority of the other partners of the company.

“We use this opportunity to indicate the readiness of Blueprint Consulting to indicate our availability to cooperate with the security agencies in their investigations of the allegations levied against Onigbinde.”