Retired Police Chief Shares Strategy For Building Wealth Using Facebook Network 

Former Anambra State Police Commissioner, Chief Aderemi Adedoye, has garnered attention following his retirement from the Nigeria Police Force after 35 years of dedicated service. Speaking at a ceremony in Awka, Adedoye shared insights into his remarkable journey, disclosing how he, alongside Facebook acquaintances, established an investment company now valued at approximately N20 billion……….CONTINUE READING

Addressing concerns surrounding his transition into business and his decision not to pursue security consultancy like many of his peers, Adedoye emphasized his commitment to entrepreneurship. Amidst the ensuing controversy surrounding his investment endeavors, he appeared on Arise News TV to offer clarity.

Asserting the integrity of his service, Adedoye highlighted the recognition he received from Anambra communities, including the conferral of two chieftaincy titles and the dedication of a street in his honor. He also pointed to his track record of 35 years without any disciplinary issues.

Discussing the operations and ownership structure of the investment entity in question, Adedoye shed light on its formation, membership criteria, and growth trajectory. The organization, named Alfa Trust Investment Club, primarily engages in legal investments, drawing members predominantly from his Facebook network. With a focus on transparency, he outlined the club’s adherence to due diligence in admitting members and emphasized its commitment to dividends and prudent financial management.

Adedoye clarified that the organization operates primarily online, minimizing overhead costs. He detailed their investment portfolio, which includes shares in the Nigeria Stock Exchange and properties in various estates across the country, yielding substantial returns over the years.

Responding to allegations of operating a Ponzi scheme, Adedoye vehemently denied such claims, highlighting the club’s adherence to ethical business practices and its loan and land auction programs. He underscored the organization’s compliance with tax obligations and the satisfaction of its members.

Furthermore, Adedoye refuted notions of personal enrichment, stressing that he is not the largest shareholder in the club and that its success is a collective effort. He pointed to prominent members of the Board of Trustees who oversee the organization’s operations and investments.

In conclusion, Adedoye reiterated his commitment to ethical business practices and invited scrutiny, asserting the organization’s transparency and accountability to its members.

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