How Covenant University Graduate, Tobi Ifabiyi, Squandered N80million Investors’ Money | Sahara Reporters

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Fabz Capital, a foreign exchange trading outfit, was established by the Covenant University graduate in September 2021.

Some Nigerians investing in Fabz Capital have accused its owner, Tobi Ifabiyi, of squandering over N80million belonging them.

“When I spoke with Tobi Ifabiyi, our conversation was very thorough. He assured me he was not a middleman, and that he traded personally. He also a proof that his company was registered,” FIJ quoted him as saying. With the belief that Ifabiyi’s forex outfit was one that could be trusted, he decided to invest $10,000 in July 2021.

“He became very petulant and would snap at investors. He got so extremely pompous and arrogant that at a point he said our money was ‘chicken change.'”When investors’ money was due in late 2021, Ifabiyi was unable to pay.

 

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It's unfortunate when you drag the school he graduated into his criminal behavior... Except you have a sinister motive behind doing that.

maijeh_

Why una Dey drag CU now SHAME ON YOU

So why associate Covenant University with that? When has it become wrong to obtain high quality education only accessible in Ivy league Colleges abroad?

unprofessional journalism

Am still trying to grabs how it relates to his school!

Simple logic.... You can't all win in forex. As you gain, someone is losing somewhere, and when you lose, someone somewhere gains. 😒😒😒

Why drag the school into this. Poor, propaganda chasing journalism.

Must you drag the university he graduated from He no get name

Sahara you're just a wanna be.. Tobi heads up,eagles always finds a way and so does every other person in search of success... 👍🏾👍🏾

What do you expect?

How does graduating in covenant university leads to person act of fraud. Why do you write to blackmail? than to focus on your subject matter. I wish the school can take you up on this CUHEBRON

This sahara reporters are senseless people what concern covenant university here

When there is a good news on a person, Covenant University will trend. When there is a bad news and covenant university get mentioned. Some certain hypocrisy is triggered 🤡

Like the Binary idiots always pesting on me about investing 100.000 and getting same under some hours how on earth and if I may ask guys have you seen this new one being champion by Mama G and co is that genuine?🤷‍♂️

Sentimental journalism. What has covenant University got to do with this? Do you state d names of universities people attend each time they make d news. When people invest foolishly the consequences will come. As a rule of thumb, do not invest a sum that u can't afford to loose.

A malicious caption. What has the school he graduated from got to do with his criminality? Do journalism and let it be just that! Wickedness!

Poor journalism, Wetin concern agbero se petrol dey expensive, why you dey drag covenant university inside. How many times Sahara reporter dey mention all our politicians wey steal Nigeria money the institutions wey den go. This one no hold water.

Una never see anything. The main original graduates are coming.

Why tanishing the name of the university in this way. Is he an employee or current Student of the university. The university should give you your dose. My Interpretation of your caption is that the university was taught how to swindle people out of their hard earnings.

Must you name the university he attended and what does that add to it?

Why the covenant university introduction? Or don't they produce criminals too

So you want a graduate to take easy with money ❓una no well

Poor journalism

Person wey ifa born how he want spend money

He is my friend and he is not a scammer,but it's the internet na,so let's all crucify him...

😅😅🏃📣 is that SQUANDERED for me or na Sahara he dupe...

Breakfast

I guess the versity he graduated from was added to the headline to gain attention.

I wonder what has the institution got to do with suspect? He's a separate entity from the institution. Just as Sowore is from Sahara.

8 6 tug

You must be an idiot for mentioning covenant university. What's the correlation?

Nigerians and their urge to get rich quick.

When YeleSowore ate grant, the headline wasn't '' Yele Sowore steals grant'. Now you are dragging Covenant University. O wrong na.

Everybody's mind is always fixed on the juicy return on investment (ROI), but fail to think about the loss on investment (LOI)

All his investors, mumu

Why are they linking him to Covenant University? That could be mischievous. A scammer is a scammer not because he graduated from a particular University, no need mentioning that the guy is a graduate of CU.

Covenant University!!!!!! Sahara reporter you be idiiiot.

E can take your money eventually

What has the school got to do with it? Why mention the school he graduated from.

So why involve Covenant University now?

Sahara Reporters are not journalists. Why writing Covenant University graduate? What does it have to do with it? I wish you know the ethics of your profession, education is one of it and I always found it absent in your reportage

Omo ope

Who else bothered to read the petition..? Is fabiyi the petitioner or the accused..?

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Hmmmm

SR you're a f*cking mess.

Made in Nigeria

This Sahara reporters are most sirs werey, what is the of Covenant biz there... nonsense

Na mumu people dey loose money to people like this.

Must Covenant University be added to his name? Was he trained by the School to steal? Or the school asked him to steal. WITCHCRAFT JOURNALISM

He could have come from another university.

Can't you all get this, this is a report to show that even the youth can mess up Nigeria

What is it with CU? Why mentioning 'em?

Youth indeed

How this one take concern Covenant University nah

Yahoo comes in various dimensions. Those who also want to invest in a business with 100% ROI within a short time are also yahoo boys/women. They are all in the ritual of getting rich quick biz. When they invest, we don't hear but when scammed, they start disturbing us.

Wetin concern Covenant University with this?Poor journalism.🤷‍♂️

How does his graduation from Covenant University correlate to the squandering of people's money? I also think that greed has never stopped some greedy individuals from falling victim to scammers.

Him don donate the money

Give youths a chance 😁

Why bringing covenant university to this? Rubbish

Poor headline here! Keep C.U out of ur headies...

You want to use Covenant University to make news. Very poor of

How does this involve Covenant University? This is a personality flaw not an institutional one.

Act and report with enormous amount of sense. Don't vomit so much nonsense in the disguise of doing journalism or reporting news. What's with the witchhunt of names? The guy messed up, FINE! Is 'Covenant University' an adjective for what has been done?

Ghenghen

And you have to connect him with Covenant University to make it Newsworthy?

All these agenda against church-owned institutions no necessary🙄. He's a criminal but do you include the university of every criminal (in the headlines) when reporting a story?

Is it Covenant University that made him squandered investors money ?

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