Alleged Investment Dispute: AAC Candidate Accuses Activist Harrison Gwamnishu of Fraud
Mr. Sydney Usman Godwin, a councillorship candidate of the African Action Congress, AAC, in the recently concluded Area Council elections in Abuja, has accused activist Harrison Gwamnishu Emefiena of alleged involvement in a business contract fraud.
Godwin, who was presented by the AAC as its candidate for Pai Ward in Kwali Area Council during the election cycle, is known within the party as a grassroots mobiliser with a focus on community development and social justice.
In a press statement made available to journalists, Godwin alleged that Gwamnishu entered into a business agreement with an investor, Mr. and Mrs. Elvis Chibuzor, on September 3, 2021. According to the statement, the Memorandum of Understanding (MOU) was for a garri production venture, with a promised monthly return on investment (ROI) of ₦100,000.
He stated, “We regret to announce that despite initial payments, Gwamnishu Emefiena has stopped paying the agreed ROI, leading to a significant accumulation of debt.”
Godwin further alleged that attempts to resolve the dispute have been unsuccessful, claiming that the investor was asked to accept a refund of the initial capital of ₦2,000,000 without consideration for prevailing economic conditions.
The AAC candidate also raised concerns about alleged intimidation, stating, “His actions suggest an intention to defraud, as he has allegedly boasted of connections with law enforcement agencies and members of the judiciary. We will not be intimidated.”
According to the statement, legal proceedings are set to commence, with demands including the recovery of the ₦2,000,000 capital and outstanding returns calculated at ₦100,000 per month from 2022 to 2026.
Describing the matter as one that “raises serious concerns about business ethics and accountability,” Godwin urged members of the public to exercise caution in their dealings.
Harrison Gwamnishu Emefiena is widely known for his activism and involvement in social justice causes across Nigeria, especially on issues relating to insecurity.
Efforts to obtain a response from Gwamnishu were unsuccessful as of the time of filing this report, as messages sent to him had yet to receive a reply.
