Breach Menders’ CEO, Mayowa Emmanuel Olukehinde
In the wake of allegations that surfaced online on November 13, 2021, accusing him of absconding with N50 million from investors, Mr. Mayowa Emmanuel Olukehinde, CEO of Breach Menders, has come forward to set the record straight.
Speaking with journalists, Mr. Olukehinde addressed the misleading narrative that has significantly harmed his reputation, affirming that he has been cleared by Nigerian law enforcement.
“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.
Despite facing significant personal and financial hardships, I have continually strived to resolve the situation and make amends to the best of my ability.”
Mr. Olukehinde recounted the series of events that led to the unfortunate situation, explaining how he became entangled in a complex web of deceit.
He said In August 2020, he was introduced to Mr. Afe Gbolahan, an instrumentalist in his father’s church, who presented an enticing forex trading opportunity promising a 30% return on investments.
He said Gbolahan assured him that the main trader, Joshua Kayode of Quintessential, was highly reputable and that the investments were secured under an AIICO insurance policy, with No: PFEP/IK/2020/026156).
According to Mr Olukehinde, trusting Gbolahan, Mr. Olukehinde began promoting the investment opportunity to family, friends, and acquaintances, including close family members. Initially, everything went smoothly, with Gbolahan making regular payments as promised. However, by January 2021, delays in payments began, attributed to bank issues due to the New Year.
“Despite receiving substantial investments totaling over N92 million in December 2020 alone, payments became inconsistent.
“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 complied.
“Despite numerous reassurances from Gbolahan, the payments never materialized. As the situation deteriorated, Mr. Olukehinde took legal action, filing petitions with the EFCC, DSS, and other authorities. Unfortunately, these efforts did not yield immediate results.
Meanwhile, Mr Olukehinde said he faced severe financial and personal repercussions, including defamation, harassment, and even blacklisting by immigration.
Determined to resolve the issue, Mr. Olukehinde explained that he hired private investigators and engaged law enforcement to pursue Gbolahan. Despite his efforts, Gbolahan managed to evade accountability.
By June 2021, Mr. Olukehinde managed to consolidate debts and paid off a portion of the outstanding amounts, paying 10% of what was owed to investors. Despite these efforts, the damage to his reputation and personal life was profound.
However, the Breach Menders CEO said law enforcement has since cleared his name of wrongdoing, acknowledging 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,”. “This experience has been a harsh lesson, but it has also strengthened my resolve to ensure transparency and integrity in all future endeavours.” He concluded
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