The Nigeria Police Force says it has concluded investigations into an alleged multi-billion-naira corporate fraud scheme involving three Ghanaian nationals and a Nigerian accomplice.
They were accused of forging documents to unlawfully seize control of JonahCapital Nigeria Limited and its assets, including significant interests in River Park Estate, Abuja.
The suspects—identified as Samuel Esson Jonah, Kojo Mensah Ansah, Victor Quainoo, and a Nigerian, Abu Arome—allegedly orchestrated a sophisticated plot to inflate the share capital of JonahCapital Nigeria Limited and allocate 99 million shares to themselves using falsified documents and forged signatures.
Police Allege Forgery, Impersonation, And Asset Takeover
According to the police, investigations also revealed that the accused falsely presented themselves as Nigerian citizens before the Corporate Affairs Commission (CAC), allegedly to facilitate their “illegal corporate takeover” and interests in Houses for Africa Nigeria Limited and the high-value River Park Estate project.
Police Deny Media Reports Of Exoneration
The police noted that despite reports circulating in some media platforms suggesting exoneration, the Nigeria Police Force clarified that no panel has cleared the suspects.
Instead, the police allege that the accused have ignored multiple invitations for questioning and have resorted to smear campaigns against the office of the Inspector-General of Police (IGP), the Nigeria Police Force, and the investigating officers, alongside filing what the police described as “baseless legal actions.”
In a statement released by the Force Public Relations Officer, Olumuyiwa Adejobi, the Ghanaian High Commission has been formally notified in compliance with diplomatic protocols.
The police affirmed their readiness to prosecute the suspects on charges bordering on corporate fraud, forgery, criminal conspiracy, impersonation, and obstruction of justice.
The Inspector-General of Police, IGP Kayode Egbetokun, reassured the public and investors of the Police Force’s commitment to due process, transparency, and the protection of legitimate business interests.
The statement read, “The Ghanaian High Commission has been notified in line with diplomatic protocols and the Police Force will now proceed with prosecution of the suspects for offenses borering on corporate fraud, forgery, criminal conspiracy, impersonation, and obstruction of justice.”
“Foreign Investors are hereby encouraged to continually tap into the wide range of investment opportunities available in Nigeria, respect the rule of law, and promote diplomatic ties, as NPF has taken bold steps to ensure investments are always protected towards achieving economic growth and recovery,” Adejobi added.
The River Park Estate, situated in Abuja, is one of Nigeria’s most prominent luxury real estate developments and has been at the centre of legal disputes and allegations of corporate manoeuvring in recent years.
Court Orders No Arrests Or Harassment
On Thursday, SaharaReporters reported that the Federal High Court in Abuja had ordered the IGP, Egbetokun, the Nigerian police, and other respondents not to harass, arrest, or obstruct the Ghanaian businessmen who had filed a suit alleging violation of fundamental human rights in the River Park Estate dispute.
SaharaReporters learnt that the court gave the ruling on Thursday in the Motion on Notice, filed under suit number FHC/ABJ/CS/1130/2025, which was initiated by the Ghanaians from JonahCapital Nigeria Limited and their partners under the investment consortium, Houses for Africa Nigeria Limited.
SaharaReporters previously reported that the case involved Ghanaian businessman, Sir Samuel Esson Jonah, Kojo Ansah Mensah, Victor Quainoo, and their legal counsel, Abu Arome.
Named as defendants in the suit are the IGP, Egbetokun, the FCT Commissioner of Police, Ajao Saka Adewale; the Head of the IGP Monitoring Unit, DCP Akin Fakorede; EFCC Zonal Commander Michael Wetkas; EFCC investigator, Eunice Vou Dalyop; and one Kabiru Baba.
The plaintiffs are demanding N200 million in exemplary damages, citing repeated instances of harassment, arbitrary arrests, and the abuse of state power by top law enforcement officials.
Alleged Cover-Up
According to the claimants, these actions are connected to a contested ownership claim over portions of River Park Estate.
They claimed that at the heart of the dispute is an earlier investigation launched by the IGP through a Special Investigation Panel (SIP) led by DCP Usman Ahmed Imam, following multiple petitions.
The panel reportedly completed its investigation and submitted its findings to the IGP, who then directed the CP (Legal) to review the report for any criminal elements. However, according to court documents, the police have refused to make the report public or act on its recommendations.
They allege that the Head of the IGP Monitoring Unit, DCP Akin Fakorede—previously associated with the disbanded Special Anti-Robbery Squad (SARS)—launched a new investigation, which they believe was intended to override or suppress the findings of the SIP.
The Ghanaian investors claim they have since faced continuous intimidation, including repeated police invitations under duress, surveillance, and in some cases, physical manhandling.
According to the plaintiffs, the actions of Nigerian law enforcement officials have escalated what began as a civil property dispute into an international diplomatic crisis.
Ghanaian media outlets have been reporting on the matter, criticising the treatment of Ghanaian citizens and calling for accountability from Nigerian authorities.
The investors further alleged that the EFCC detained one of them for an extended period under unclear circumstances, despite the case being fundamentally a civil matter.
They argue that the continued harassment violates their fundamental rights and undermines due process.