news
How Marksman Ijiomah CEO Chinmark Group, defrauded, Over 4000 investors
…I have been duped of my 20million, blocked from all channels— Udosen
…Chinmark defrauded, killed my father— another victim
…SEC declared Chinmark operations illegal
….Investors threaten to assassinate me over unpaid funds – influencer
Over 4000 indignant investors have called out the Chief Executive Officer, CEO, of Chinmark Group, Marksman Ijiomah, over unpaid funds invested in the company in spite of the many deadlines given for refund.
Involved in the situation include two social media influencer and brand ambassador for the “investment company”, Amanda Chisom; and another social media promoter of Chinmark, Harrison Gwamnishu.
For days, the aggrieved investors have launched trials on social media, dragging Chinmark, Ijiomah, Chisom, Gwamnishu and all other brand ambassadors who promoted the company on Facebook, Instagram, Twitter and other social media platforms since they began operations.
Newsthumb learnt that the investors made payments running into billions under a contractual agreement that the company would on a monthly basis pay a flavour-packed ROI to them.
In a press statement released on the 25th day of December, 2021 on its official website, SEC described Chinmark as an “illegal operator”, freezing its accounts.
The statement reads in part: “The Commission hereby notifies the investing public that neither FinAfrica Investment Limited nor Chimark Group is registered by the SEC and the Investment Scheme promoted by these entities are also not authorized by the SEC.
In a statement on his verified Facebook page, Chinmark CEO (Ijiomah) confirmed that his group received funds from “4,966 partners”, noting that “500 partners” have been paid so far but he had yet to publish the names of those that had received payment.
While he did not reveal the total amount received from all the investors, a receipt of a refund to an investor he posted on Facebook read N1.3m.
He, however, pleaded with the remaining 4,466 investors to remain calm, saying that the operational bank accounts of his company were frozen by the Securities and Exchange Commission.
He also noted that Chinmark has received “lots of petitions from government agencies by aggrieved partners”.
Ijiomah wrote, “From the proceeds of our business (Hospitality, Transportation, Food and Logistics) despite our operational bank accounts being frozen by Securities & Exchange Commission (SEC) on December 21, 2021 till date, we resumed payment to our partners on March 16, 2022; so far, out of 4966 partners, we have been able to pay 500 partners following an arithmetic order from our backlogs.
“In a bid to show transparency in our dealings as always, full names of paid partners ought to have been published today but several calls/messages/emails from our distinguished partners have further restricted us from doing this.
“Let me reassure you that your money is safe with us and we remain committed to repaying all partners soonest, update on partnership repayment will be provided always and your managers will call to follow up; until then, I would humbly request you to kindly bear with us.”
Amid the endless social media brawls one of the promoters of Chinmark on Facebook (Chisom) has said that aggrieved investors of the group have continued to issue threats over her life on the basis of unpaid funds.
In an official statement on her verified Facebook page, Chisom with over 165,000 followers wrote, “First of all, let me acknowledge my part in being one of those who brought Mr. Marksman Chinedu Ijiomah and his company to limelight, even before the company became registered as Chinmark Group Limited. For someone I have known from the days of his humble beginnings, I felt like I know him to an extent…
“I did my best both professionally and as an individual, to ensure that what is happening now would never have happened, by providing the right advice to the company at all times when I had the opportunity.
“In the build-up to this time, on the 13th of January 2022, I was instructed by the company via an email, to refrain from saying anything about the company on my page and that closes all channels of communication. All effort to find out what was happening was completely blocked.
“I received several warnings and threats from some individuals and investors who felt that my Facebook post on ‘due diligenc’ affected the fortunes of the company. The threats are so far-reaching, that some of these persons have clearly threatened to assassinate me, should anything happen to the company.
“I have informed the relevant authorities of the extent of my involvement with the company and pledged my co-operation in any investigation that may arise.”
Also, another promoter of Chinmark (Gwamnishu) with over 158,000 followers on Facebook said he has gathered about 1,000 investors, even as he assured them that their funds would be recovered.
In a statement on his verified Facebook page on Monday, he wrote, “From my own end as a friend to Chinmark Group and who also posted and shared his business on my page. Below are steps I’m taking to ensure partners don’t lose out completely.
“I was able to get about 1,000 Chinmark investors through a google link I created and today they will be added to a platform.
“A committee will be appointed by the partners to interface with the company. This is a one-on-one meeting where decisions will be taken.”
Some of the investors who made their stand known in different Facebook posts, said that the current reality is unbelievable and that they would engage whatever means possible in ensuring that they get back their money.
An Akwa-Ibom born, Mercy Udosen, who took to her Facebook page to lament on how she invested a whopping 20 million, said that she has been patient for a positive reply from Chinmark but to no avail she has been left totally disappointed and bewildered.
She bemoaned: “Marksman Chinedu Ijiomah chairman of Chinmark group I’m still a very patient girl and patiently waiting for you to do the needful.. you guys can’t just reach out to us since January with the notice that payments of our dividends will commence from 19th of March which I patiently waited cause In your word when paying you will pay for both January and February all for me to get another call yest 18th a day to when you promised to pay the 2 month failed payment telling me the option I have is to take a post dated cheque to cash In 8months time!.. this 8month you said without my monthly dividends being paid, sir isn’t that a joke? So you will keep my 20million naira for a year and do ur business without paying my monthly dividends??
“Please do the needful I beg you before I start mine… why can’t anyone be trusted in this country? You came on your page and posted that you have started paying investors which is not true and you deactivated your comment section so I couldn’t even write to counter your post. Sir I know I can find you down to dubai so don’t test my patience.
“So the other day I came on my Facebook page and I posted about Chinmark, and I said I was one of the investors of Chinmark group of company.
“Yes, I invested 20 million naira with Chinmark through my fiance and dividends was meant to be paid every month that’s 1 million naira to us and the only one we got was for December, that they paid us just once on the 30th of December, expecting our January and February payments, stories came up.
“First they called us on the 28th of February, and they informed us that they were having issues with SEC and you know payments is on hold, they can’t make payments and all of that of which I have been very, very understanding because I’m also a business person, but then you kept us waiting for this payment till February. I didn’t get anything. February nothing came and this is March you promised 19th of March, we’re going to pay me but nothing has come.
“Please say I’ve been so understanding I feel very bad with this news. You know, I tried as much as I could to make sure I did not join, you know, whatever rumours I saw on social media about you guys, but treating me like this is totally unfair. I’m demanding 50% of my capital, which is 10 million naira. And then you can give me a cheque of 10 million. You can’t just put my life on hold like that for Christ sake. There’s a lot of things I could as well use the money to do and then I’ll make returns. I’ll make profits for myself.
“People cannot just be trustworthy. How can you expect for Christ’s sake 20 millionaire you’re not even thinking of paying anything even on me that we are supposed to terminate our contracts which that money. I just wanted it to stay with you guys before I can figure out what to do with it.”
Another victim, Mark John (not real name), stated that Chinmark is the reason for the demise of his father, following the investment of his gratuity funds into Chinmark.![]()
He said: “Chinmark made me lose my father cos he invested his gratuity in chinmark which she promoted… he die yesterday due to HBP cos of the breaking news that chinmark won’t pay…whoever knows Amanda should tell her to get ready for another burial in her family compound again this year cos am taking one of her family member down.”
news
REA Targets 3.7GW Solar Manufacturing to Bridge Nigeria’s Power Deficit
![]()
The Rural Electrification Agency (REA) has unveiled plans to establish 3.7 gigawatts (GW) of local solar photovoltaic (PV) panel manufacturing capacity by the end of 2027 as Nigeria intensifies efforts to expand electricity access and reduce dependence on imported renewable energy equipment.
Managing Director of the agency, Engr. Abba Aliyu, disclosed the initiative in Abuja during a benchmarking visit by officials of the Zanzibar Utilities Regulatory Authority (ZURA).
He said the agency is encouraging Chinese solar manufacturers to establish production facilities in Nigeria, noting that locally assembled solar panels are already being exported from Lagos to neighbouring Ghana.
According to him, the planned manufacturing expansion will significantly reduce imports while strengthening Nigeria’s renewable energy value chain. Aliyu attributed the rapid global growth of renewable energy to falling prices of solar panels and lithium batteries, saying technological innovation has made off-grid electricity the most cost-effective solution for millions of underserved communities.
He said Nigeria’s electricity access rate currently stands at 61.2 per cent, leaving about 80 million people without reliable power supply.
To address the challenge, REA has adopted a least-cost electrification strategy that determines the most suitable technology for each community rather than relying solely on national grid expansion.
The agency has mapped more than 700,000 communities nationwide, with plans to serve about 45 per cent through solar home systems, 31 per cent through mini-grids and the remaining 24 per cent through grid extension.
Aliyu added that REA has developed one of Africa’s most extensive geospatial electricity databases, covering more than 51,000 health facilities, 11,000 markets, thousands of schools, factories, dams, electricity feeders and existing mini-grids to support investment planning.
He noted that the agency’s interventions also target underserved communities receiving less than six hours of electricity daily. The REA boss warned that electricity demand would continue to rise sharply as Nigeria’s population grows, more sectors become electrified and emerging technologies such as artificial intelligence and data centres consume increasing amounts of power.
news
Budget Office Explains PFIPC Allocation, Says Agency Emerged During Buhari Administration
![]()
•Explains how PFIPC was allocated money in the budget.
The Budget Office of the Federation (BOF) yesterday explained that the Presidential Foreign Intervention Promotion Council (PFIPC), which the presidency declared as fake and is currently being investigated by the Independent Corrupt Practices Commission, ICPC, had its origin in the last administration of late President Muhammadu Buhari.
The Director-General of the Budget Office, Mr. Tanimu Yakubu who provided the explanation in a statement, after appearing before members of the House of Representatives, in Abuja said the PFIPC’s institutional origin was premised on the Presidential Economic Advisory Council inaugurated by President Muhammadu Buhari on October 9, 2019. He also explained how the fake agency was allocated money in the 2026 budget.
His words, “PEAC/PFIPC did not enter the 2026 Budget merely because it asked for funds. The Council had its origin in the Presidential Economic Advisory Council inaugurated during the administration of the late President Muhammadu Buhari on October 9, 2019. By the time preparation of the 2026 Budget began, official instruments had already been issued by the institutions charged with those functions.
“The Office of the Accountant-General of the Federation had assigned an administrative code to the PFIPC. The Office of the Head of the Civil Service of the Federation had approved an authorised establishment and a recruitment waiver. The applicable public-service salary structure also existed. These instruments did not come from the Budget Office. They came to it.
“The Budget Office did not create the Council. It did not assign its code. It did not approve its establishment. It did not grant its recruitment waiver. It received official instruments and did what the law required of it: it measured their fiscal effect.”
Mr. Tanimu further explained that the Council submitted a personnel estimate of N3.850 billion for the 2026 Fiscal Year and that his Office had to reduce that figure to N802.978 million, using the authorised establishment, the approved recruitment waiver, the applicable public-service salary structure and the extant costing methodology
According to the D-G, “Council later submitted a personnel estimate of N3,850,935,000.00. That estimate did not form the basis of the Budget Office’s recommendation. The Budget Office disregarded it and made an independent calculation using only the authorised establishment, the approved recruitment waiver, the applicable public-service salary structure and the extant costing methodology.
“That calculation produced N802,978,783.00. This was not a concession to the Council. It was the Budget Office’s own fiscal judgment. It was the amount placed in the Executive Budget proposal and later appropriated.
Mr Yakubu said that the Council could not receive the approved funds for personnel because its promoter, Prince Adeyemi Adeniyi could not secure Financial Clearance, an instrument that confirms that necessary fiscal and regulatory had been met.
He said, “Financial Clearance is the point at which a personnel provision may begin to acquire legal force as expenditure. It is not a routine letter. It is the confirmation that the fiscal and regulatory conditions for recruitment have been met. Until it is issued, the figure remains in the budget. It does not create staff. It does not open payroll. It does not produce salary. The Budget Office did not issue Financial Clearance for PEAC/PFIPC because the conditions were incomplete.
“The 2026 Appropriation Bill did not become law until Presidential Assent on 31 March 2026. Before that date, the Budget Office could cost the proposal. It could not grant final Financial Clearance against a bill that had not yet become law.
“After assent, a further condition remained outstanding. The National Salaries, Incomes and Wages Commission had not confirmed that the proposed staffing and remuneration arrangements complied with its prescribed template and the approved public-service compensation framework.
“The Budget Office could calculate the cost. It could not open the gate. There was therefore no Financial Clearance. There was no lawful recruitment. There was no payroll enrollment. There was no salary payment.”
The D-G added, “The personnel provision was N802,978,783.00. It represented 61.63 per cent of the total appropriation of N1,302,978,783.00. It has sometimes been described as though the Council could have received the whole amount and spent it at will. That description is false.
“Personnel appropriations are not paid to agencies as lump sums. After every legal condition has been met, salaries are paid month by month. The money moves electronically into the designated bank accounts of verified employees enrolled on the Federal Government payroll.
“The institution does not receive the annual personnel provision as cash under its control. Even in a lawful process, the Council would not have received N802,978,783.00 in one payment. The money would have gone over twelve months to individual employees. That process never began. No Financial Clearance was issued. No recruitment took place. No payroll record was created. No salary became due. Not one kobo of the personnel provision could lawfully have been drawn. Not one kobo was drawn. There is no personnel expenditure to recover because there was no personnel expenditure.”
The PFIPC controversy became public on June 11, 2026, when the Chief of Staff to the president, Mr Femi Gbajabiamila, declared the Council as fake and petitioned the law enforcement agencies.
However, at a press conference on June 26, the Director General of the PFIPC, Prince Adeniyi Adeyemi faulted the presidency’s disclaimer. He alleged that Gbajabiamila received N400 million through a proxy and demanded an additional N200 million to secure his appointment — an allegation which the Chief of Staff denied and has sued him to court claiming N15b as damages for defamation. Adeyemi is currently in custody after he was arrested by the police in connection with the PFIPC scandal and alleged forgery.
Before his arrest, Adeyemi claimed he personally approached officials of the budget office to seek the inclusion of the Council in the federal government’s budget.
Recently, Central Bank of Nigeria (CBN) confirmed that it opened two domiciliary accounts linked to the PFIPC on the directive of the Office of the Accountant-General of the Federation (OAGF).
The apex bank, however, said the accounts, one denominated in United States dollars and the other in British pounds sterling, were never funded or operated.
news
BREAKING: Trump Applauds Tinubu’s Fight Against Terrorism, Pledges Continued US Backing
![]()
United States President Donald Trump has commended President Bola Tinubu for what he described as his decisive leadership in tackling terrorism and insecurity in Nigeria, particularly attacks targeting Christian communities.
Trump conveyed the praise in a letter dated July 6, 2026, the contents of which were made public on Wednesday in a statement issued by the President’s Special Adviser on Information and Strategy, Bayo Onanuga.
In the letter, titled “President Trump lauds President Tinubu’s decisive leadership against terrorists,” the US President applauded Tinubu’s efforts to confront security challenges and reaffirmed Washington’s commitment to supporting Nigeria’s counter-terrorism operations.
“Thank you for your thoughtful letter. Your kind words mean a great deal to me, and I appreciate your decisive leadership on behalf of the Nigerian people.
“I applaud your resolve to tackle the issues plaguing your nation, especially the violence affecting Christian communities, and it is a true honour to stand with you in the fight against terrorists and to make the Federal Republic of Nigeria stronger and more prosperous,” Trump wrote.
Trump described the relationship between the United States and Nigeria as increasingly important amid growing security challenges across West Africa.
“The United States-Nigeria relationship is crucial at a time when conflict has spread across West Africa and around the world. We both share a mutual goal of confronting terrorism in all its forms, and our historic US-Nigeria 2026 Defence Cooperation Roadmap has established a robust framework to accomplish this feat,” he stated.
The US President also highlighted ongoing defence cooperation between both countries, noting that American Special Operations Forces had been deployed to assist Nigeria’s military.
“I am proud to have deployed the United States Special Operations Forces—among the most elite military units anywhere in the world—to equip the brave men and women in the Armed Forces of Nigeria with the skills, tools and intelligence they need to protect your homeland and ensure the safety and security of citizens, particularly those of faith who have been under attack.
“I look forward to our continued discussions over the course of my Presidency,” Trump added.
According to the Presidency, Nigeria and the United States have expanded security cooperation in recent months following the establishment of a Joint Working Group co-chaired by the National Security Advisers of both countries.
The collaboration has centred on intelligence sharing, military training and coordinated operations against terrorist groups.
The statement noted that one of the key outcomes of the partnership was the joint operation carried out on May 16 against ISIS hideouts in the Lake Chad region, which reportedly led to the killing of the group’s senior leader, Abubakar Al-Minoki, along with several of his lieutenants.
The Presidency also disclosed that the US Assistant Secretary of State for Africa, Frank Garcia, visited Abuja last week, where he held talks with senior Nigerian officials and pledged to deepen bilateral cooperation in security and other strategic sectors.
-
news6 years agoUPDATE: #ENDSARS: CCTV footage of Lekki shootings intact – Says Sanwo – Olu
-
lifestyle6 years agoFormer Miss World: Mixed reactions trail Agbani Darego’s looks
-
health5 years agoChairman Agege LG, Ganiyu Egunjobi Receives Covid-19 Vaccines
-
lifestyle5 years agoObateru: Celebrating a Quintessential PR Man at 60
-
health6 years agoUPDATE : Nigeria Records 790 new cases of COVID-19
-
news1 year agoBREAKING: Tinubu swears in new NNPCL Board
-
health6 years agoBREAKING: Nigeria confirms 663 new cases of COVID-19
-
entertainment2 years agoAshny Set for Valentine Special and new Album ‘ Femme Fatale’