The Federal Capital Territory (FCT) High Court in Abuja has dismissed Jesam Michael's bid to void a judgment won by 276 victims of the AAS Investment Scheme.Justice A.A.Fashola ruled that the judgment, entered under the Undefended List Procedure, cannot be set aside by the trial court except through an appeal.

The court found that Michael failed to prove his constitutional right to a fair hearing was breached, nor that he was not served with legal processes.This ruling comes after a two-year legal battle where Michael, CEO of Afriq Arbitrage System (AAS), faced allegations of fraud.

The case involves over 276 investors who lost millions through the platform, with testimonies revealing how they were lured by promises of secure investments.The court also noted that Michael's claims of a 'biometric security breach' were not substantiated.Separately, Michael is facing a criminal trial on charges of fraud and operating an unlicensed investment firm.The ruling underscores the court's commitment to upholding judgments against fraud, even as victims continue to seek justice for their losses.