February 3, 2026 | SUNTV Global | News
In a landmark ruling against financial fraud, a Federal High Court sitting in Makurdi, Benue State, has sentenced Agene Johnson Godwin, Managing Director of Builderstech Solution Ltd, to 48 years imprisonment without an option of fine for orchestrating a massive investment scam that defrauded more than 5,000 Nigerians of over ₦500 million.
The conviction was confirmed by the Economic and Financial Crimes Commission (EFCC) in a statement shared on its official X (formerly Twitter) handle.
According to the anti-graft agency, Justice M.S. Abubakar found Godwin guilty on an amended eight-count charge, ruling that he deliberately deceived thousands of unsuspecting victims through fraudulent investment schemes operated under Builderstech Solution Ltd.
“Makurdi Court jails Agene Johnson Godwin, 48 years over investment scam. Justice M.S. Abubakar of the Federal High Court, Makurdi, has sentenced the Managing Director of Builderstech Solution Ltd to 48 years imprisonment without option of fine for defrauding over 5,000 victims to the tune of over ₦500 million,” the EFCC stated.
The judgment is being hailed as a major victory in Nigeria’s ongoing fight against investment fraud, sending a strong warning to individuals and corporate entities that exploit public trust for personal enrichment.
EFCC Tightens Grip On Digital Investment Scams
The conviction comes amid intensified enforcement efforts by the EFCC following the collapse of several digital investment platforms that wiped out the savings of thousands of Nigerians.
In May 2025, the EFCC disclosed that it had recovered part of an estimated ₦1.3 trillion allegedly stolen through the now-defunct Crypto Bridge Exchange (CBEX) platform.
Speaking in an interview with TVC, EFCC Chairman Ola Olukoyede revealed that multiple suspects had been arrested and that a “reasonable amount” of stolen funds—largely held in cryptocurrency—had been traced and recovered.
“We have gone far with CBEX. We have been able to recover a reasonable amount of money,” Olukoyede said, while noting the technical challenges involved in converting recovered crypto assets back into cash.
SUNTV Global recalls that the collapse of CBEX devastated thousands of Nigerians, particularly young people, many of whom lost their life savings after being lured by promises of guaranteed returns.
With the Builderstech verdict, authorities say the era of unchecked investment scams may finally be drawing to a close.
