The Nigeria Police Force has concluded its investigation into a high-stakes corporate fraud case involving three Ghanaian nationals, Samuel Esson Jonah, Kojo Mensah Ansah, and Victor Quainoo, alongside their Nigerian accomplice, Abu Arome. The group stands accused of orchestrating a fraudulent takeover of JonahCapital Nigeria Limited and its subsidiaries, including Houses for Africa Nigeria Limited and the multi-billion-naira River Park Estate project.
The development was confirmed in an official statement issued by Force Public Relations Officer ACP Olumuyiwa Adejobi from the Force Headquarters in Abuja on June 27, 2025. According to the statement, the suspects are facing prosecution for serious crimes such as impersonation, forgery, criminal conspiracy, and corporate fraud.
The investigation revealed a coordinated plot by the accused to unlawfully assume control of the company through manipulation of corporate records and fraudulent documentation. Police say the suspects illicitly inflated the share capital of JonahCapital Nigeria Limited, allocating 99 million shares to themselves using forged signatures and fake documents. Further findings disclosed that the suspects fraudulently misrepresented their nationality as Nigerians to the Corporate Affairs Commission (CAC), enabling them to bypass regulatory scrutiny and execute the elaborate scheme.
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Contrary to media reports suggesting that the suspects were exonerated, the Police Force clarified that no panel has cleared them of wrongdoing. Instead, the accused reportedly refused to honour multiple police invitations, choosing instead to deflect accountability through coordinated smear campaigns against the Inspector-General of Police and the investigators handling the case. They also filed frivolous lawsuits aimed at obstructing the judicial process.
In line with international protocols, the Ghanaian High Commission has been formally briefed on the matter. The Nigeria Police is now preparing to formally prosecute the individuals for offenses that threaten Nigeria’s investment climate and corporate integrity.
Inspector-General of Police, IGP Kayode Egbetokun, Ph.D., NPM, reaffirmed the Force’s commitment to upholding the rule of law, ensuring justice, and safeguarding the country’s economic and investment interests. He assured both local and foreign investors that Nigeria remains a viable and secure destination for business, with the Police fully committed to protecting genuine investors from fraudulent elements.
