Former Anambra State Commissioner of Police, Aderemi Adeoye, pushed back against allegations of fraud and Ponzi scheme involvement during his tenure.
MUK TV reports that during his retirement parade, the former police chief boasted about giving Africa’s richest man, Aliko Dangote, a run for his money with his chains of businesses.
Speaking on Arise TV, Adeoye challenged accusations suggesting he proclaimed himself a billionaire, demanding evidence to support such claims, as reported by Vanguard.
He reiterated his commitment to duty and clarified the nature of his investments, denying any wrongdoing or neglect of his official responsibilities.
Adeoye emphasized the legitimacy of his investment club, Alpha Trust Investment Club, and its cooperative arm, stressing that his business activities did not interfere with his policing duties.
“In terms of membership, we are 1,400 strong, 1,400 members, and those who I said were expelled for criminal misconduct were 33. Now, in terms of the size of the investment, our asset, going by the prices of various estates in which we have invested, we are in the neighbourhood of, give or take, a few hundreds of million, around N20 billion.
“And if you divide N20 billion by 1,400 members, you will discover that the average is only N15 million. So, I do not know where the idea that one person or one member is a billionaire came from.
“We have an address that is registered and through which we can be reached, but we don’t need it because we’re not doing business, we are investing,” he said
