Justice Zainab Abubakar of the Federal High Court, Court 4, Abuja has set March 16, 2023 for the commencement of trial of Vektr Capital Global Group along with two staff members of the company, Messrs. Solomon Edet Solomon and Zakari Haruna, for allegedly operating as fund managers without registration by the Securities and Exchange Commission, among others.
Abubakar also directed that the two defendants be remanded at the Suleija Correctional Centre until Mr. Haruna was able to fulfil his bail conditions.
The SEC had in March, last year sealed the Wuse Zone 5 office of Vektr Capital for illegally collecting N891 million from the public when the firm is not registered with the Commission.
In the four-count charge brought against the company and its promoters by the Federal Government, Vektr Capital Global Nigeria is alleged to have on or between 2021 and 2022 within the jurisdiction of the court with intent to defraud, conspired among themselves with one Kayode Sal Viktor and other staff to obtain over N891, 729,000 from the public, including Cordelia Ukomaka Ducke Eze under false pretence that they were fund managers, thereby committing an offence contrary to Section 8 of the Advanced Fee Fraud and Fraud Related Offences Act 2006 and punishable under Section 1 (3) of the same Act.
The charges read: “That you M/s Vektr Capital Global Nigeria Ltd, on or between the year 2021 and 2022 within the jurisdiction of this honourable court did commit a felony to wit. Conspired with Kayode Sal Viktor and your other staff to do an illegal act- to lure and offer for subscription an unregistered collective investment scheme valued over N891,000,000 to investing public, including Cordelia Ukomaka Ducke Eze and others and thereby committed an offense contrary to and punishable under Section 516 of Criminal Code Act, Laws of the Federation of Nigeria 2004.
“That you M/s Vektr Capital Global Nigeria Ltd, on or between 2021 and 2022 within the jurisdiction of this court did commit a felony.”