Mrs. Chioma Osakwe EX-4STONE Capital Limited Staff Denies Indefinite Suspension On Fraud Case, Threatens Legal Action
A former staff member of 4Stone Capital Limited, Mrs. Chioma Osakwe, has denied claims of Indefinite suspension on a fraud case, describing the company’s recent publication as “misleading, mischievous and defamatory.”
In a statement on Friday released by her media publicist, Mazi Sidney Nwachukwu, Mrs. Osakwe clarified that a disputed transaction reported in April 2025 involved 4Stone Capital’s banker reversing funds tied to a Proof of Funds (POF) arrangement, also known as a “travel loan,” provided to an individual later found to be fraudulent. The funds, she said, remain on lien in the customer’s account.
She explained that another individual, Abdulrasheed Sulaiman, who operates a Bureau de Change account, later claimed ownership of the funds and the account, alleging he had exchanged foreign currency. The case was reported to the Special Fraud Unit (SFU), where Mrs. Osakwe said she has consistently cooperated as a witness and “has never been a suspect.”
“I have not been indicted by the Police SFU at any point, and investigations have since identified the actual perpetrator of the fraud, which the company is fully aware of.” she stated.
The ex-staff further disclosed that she resigned from 4Stone Capital after two months of unpaid salary, officially returning all company property in her possession upon her resignation on the 2nd of September 2025. The following day she reported at SFU where she met with the company representative at SFU for the progress of the matter. She stressed that she was never suspended through out her period of employment for misconduct or fraud until she officially resigned from the company.
“I wish to categorically state that I am not under any investigation by the Police SFU where 4Stone Capital reported the matter. I have never defrauded anyone, nor have I ever been involved in fraudulent activity. I have not absconded; I continue to go about my normal daily life,” she said.
Mrs. Osakwe maintained that the publication by 4Stone Capital is an intentional act to damage her reputation and vowed to take legal action against the company.
