The Bridge Suites: Chinmark Allegedly Changes Name of Enugu Hotel, Directors

The Bridge Suites: Chinmark Allegedly Changes Name of Enugu Hotel, Directors SEC Warns Chinmark's FinAfrica and Poyoyo Investments are Ponzi Schemes
Marksman Chinedu – CEO of Chinmark Group

The embattled CEO of Chinmark Group, Marksman Chinedu Ijioma has been accused of changing the names of some of Chinmarks assets as well as their directors with the Current Affairs Commision.

A Facebook user, Viola Ifeyinwa Okolie has shared a post on Facebook alleging that the controversial businessman had changed the name of these assets to avoid paying back the investors in his firm, in the case where the authorities act to seize the assets in future.

Chinmark Hotel the bridge suites enugu
The Bridge Suites Enugu – Chinamrk paradise

The flamboyant business man has been in the news recently after a puclication by the CBN named his venture Finafrica as a ponzi scheme, warning the public to invest at their risk.

” It happens that Mr Marksman Chinedu Ijiomah had changed the name of the hotel at Enugu from Chinmark Suites to Bridge Suites. Also, he removed his name and his wife’s names as the Directors of the hotel and used different set of people. As it is now, you can’t attach the hotel to recover your investment if they don’t pay you since the existing fact presupposes that Marksman Ijiomah is not the controlling mind of the hotel.So while people are busy thinking there is an asset on ground – the hotel, there’s basically nothing.Other Companies.The other companies – i.e. the mall, logistics, food, real estate etc – are merely existing on paper. What we call “shell companies” in law. There are no verifiable businesses that can be linked to the companies. There are no assets linked to the companies. FinAfrica.This is the company peddled as the investment arm of their group. The object of the company, as registered by the CAC, is “general merchandise”. Absolutely nothing remotely like investment in the business of FinAfrica. In any event, the company’s accounts are allegedly frozen by the law enforcement agencies. So how and where will the money to repay investors come from?Well, I shouldn’t be surprised, but I am. Honestly. If this isn’t a premeditated, calculated plan to defraud people of their hard earned monies then I don’t know what else to call it.I have my friend’s permission to publish this.” She posted on her Facebook wall.

In her messages, she attached some screenshots showing her claims.

SEC Warns Chinmark's FinAfrica and Poyoyo Investments are Ponzi Schemes
Chinmark CEO and staff

When REPORT AFRIQUE did a check on the Bridge Suites, it returned the same details as claimed on the post. The business was registered on the 23rd of December, 2020 to an address in Uyo, the capital of Akwa Ibom state while the hotel is sited in Enugu state.

It was however not clear if the name ‘The Bridge Suites’ was changed from changed from Chinmark Suites. This may not also be the case since the Bridge Suites was registed in 2020 but the controversy on the Chinmark brand started in late 2021.

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Chinmark Suites now registered as The Bridge Suites

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