The Nigeria Police Force (NPF) has completed its investigation into an alleged corporate fraud involving three Ghanaians: Samuel Jonah, Kojo Ansah, and Victor Quainoo, along with a Nigerian accomplice named Abu Arome.
The suspects were accused of orchestrating a scheme to fraudulently take control of Jonah Capital Nigeria Limited, as well as its related interests in Houses for Africa Nigeria Limited and River Park Estate.
According to company records, Jonah Capital Nigeria Limited was established in 2006 by Mr. Adrian Ogunmuyiwa and his wife, Olabito Ogunmuyiwa, with an initial share capital of one million naira.
The couple reportedly agreed to allocate 400,000 shares to Samuel Jonah, contingent upon his financial contributions to company projects.
He explained, “There is an agreement between the parties, which is the shareholder agreement. Dr Ogunmuyiwa and his wife incorporated that company and then promised to allocate 400,000 shares to Samuel Jonah provided he provides funds for the project.
“As of December 2007, Jonah had relinquished his shares in Jonah Capital and was no longer a member of that company by the shareholders’ agreement (having failed to fund the company). Sometime in 2024, Samuel Jonah reappeared and signed this document as a director alongside his brother Kojo Mensa.
“By implication, the authorized share capital of the company was then increased to 100 million by the creation of an additional 99 million, and further allocated the shares to him. This is somebody who had ceased to be a director.
“Abu Arome went ahead and acted as the company secretary, increasing the shareholding to 100 million.
“On that same day, they removed Adrian Ogunmuyiwa and Olabito Ogunmuyiwa (wife) as directors while Kojo Mensa, Samuel Jonah and Victor Kwena replaced them.
“The document that predicts all these was forged. Those whom they claimed signed it never did, in fact, the registered address of the company, none of them, were in Nigeria.
“For you to register as a director in a company, you must indicate your nationality. These individuals are Ghanaians and they indicated they are Nigerians. Which is criminal and illegal,” Shittu-Manli noted.
The Force Public Relations Officer, ACP Olumuyiwa Adejobi, announced during a press briefing in Abuja that investigations revealed the alleged acquisition of funds by Houses for Africa Nigeria Limited was invalid and obtained through false pretenses.
This statement from the police came in response to a restraining suit filed by three Ghanaian nationals against the Inspector-General of Police, Kayode Egbetokun, and the Economic and Financial Crimes Commission (EFCC).
The suit seeks to prevent any law enforcement actions related to the River Park Estate dispute. The suspects are requesting a perpetual injunction to stop the Police and EFCC from inviting, intimidating, harassing, arresting, or detaining them regarding issues stemming from agreements dated June 1, 2012, and July 13, 2012.
These agreements are central to ongoing investigations into forgery and conspiracy. Justice Obiora Egwuatu of the Federal High Court in Abuja ruled to restrain the Inspector-General, the Commissioner of Police for the FCT Command, Ajao Saka Adewale, and other parties from taking any actions that might pre-empt the court’s decision.
The Ghanaian businessmen also contended that after several hearings, a Special Investigative Panel (SIP) concluded its report, cleared them of wrongdoing, and submitted the findings to the Inspector-General, who then instructed the Commissioner of Police, Legal, to review the case for any potential criminal or triable offenses.
Additionally, they are seeking N200 million in damages through their legal counsel.Responding to these claims, Adejobi said, “The accused parties have since mounted a coordinated misinformation campaign, falsely claiming they have been exonerated by the Special Investigative Panel (SIP) set up by the Nigeria Police Force.
“This is categorically false. The same Panel in paragraph 5.8 of its reports recommended that the case file be forwarded to the Force Legal Department for vetting and the IG Monitoring Unit should retain custody of the files pending further directive.
“These recommendations do not in any way exonerate the suspects but rather pave the way for continued action and possible prosecution based on subsequent findings, which are now conclusive and confirmed.”
Adejobi further stated that under Nigerian law, fraud invalidates consent, making any contract or corporate decision resulting from fraud null and void.
“Therefore, the legitimate ownership of Houses for Africa Nigeria Limited and its subsidiary rights in River Park Estate remains with Paulo Homes Limited under the leadership of Mr. Paul Odili who lawfully acquired 8 million shares through a valid and fully executed agreement with the original co-owners Dr. Adrian Ogunmuyiwa and Mr. Jones Johnson,” he said.
According to the police, the suspects have repeatedly ignored lawful summons, filed multiple lawsuits, and held press conferences accusing senior police investigators of bias—claims the Force described as baseless and aimed at obstructing justice.
“What we are dealing with is not a civil business disagreement nor a party misunderstanding. This is a criminal case that goes to the very heart of Nigeria’s corporate integrity and institutional security,” Adejobi said.
He added, “The deliberate misrepresentation of false identities and documents to infiltrate and manipulate institutions such as the Corporate Affairs Commission is not only criminal but deeply injurious to national sovereignty. No country will tolerate criminal exploitation of its legal system, and Nigeria will not be the exception.”
The police said investigations have now been fully concluded and prosecution will proceed on charges including corporate fraud, forgery, criminal conspiracy, breach of trust, impersonation, criminal trespass, and attempted obstruction of justice.
“Mr. Abu Arome who falsely acted as Corporate Secretary to Jonah Capital Nigeria Limited will also be charged for impersonation, having been found to have no lawful appointment to that office. He was instrumental in unauthorised shareholding changes that occurred between 2024 and 2025,” Adejobi added
