A petition filed by Nigerian investors is calling on authorities in Dubai to investigate OmegaPro and four individuals the petition identifies as key figures behind the company, as investors continue to seek answers over money they say became inaccessible after the platform stopped operating.
The Change.org petition, launched by the OmegaPro Action Nigeria Investors group, or OPANI, is addressed to the Government of Dubai, Dubai Police and the Dubai Department of Economic Development. It asks authorities to examine OmegaPro’s activities, the conduct of its operators and the circumstances surrounding investors’ losses. The petition currently has more than 1,600 verified signatures.
The petition names Andreas Szakacs, Dilawar Singh, Mike Simms and Paulo Tyneman as the individuals investors want investigated. The petitioners allege that the four were connected to OmegaPro’s operations in Dubai and argue that authorities should establish what happened to investor funds after the company stopped allowing withdrawals. These are allegations made by the petitioners and should not be treated as findings of wrongdoing without independent evidence or a judicial determination.
From Dubai to Nigeria
OmegaPro was marketed internationally as a forex trading business, but its model also relied heavily on investment packages and a large promotional network. Nigerian investors say the company’s Dubai presence and the people associated with its promotion helped create an appearance of credibility as the business expanded into the country.
According to the petition, more than 10,000 Nigerians associated with the OPANI investor group collectively put more than N200 billion into OmegaPro. The petition also makes a much larger claim of more than $100 billion in deposits globally. Those figures come from the petition and have not been independently established by the evidence cited in the document.
The investors say OmegaPro was promoted in Nigeria through testimonials, prominent personalities, international trainers, celebrities and other public-facing events. The petition specifically points to the company’s use of high-profile imagery and events in Dubai as factors that helped reassure prospective investors that they were dealing with a legitimate international business.
That question of credibility is central to the investors’ complaint. The petition argues that OmegaPro’s Dubai connection gave the company an additional layer of perceived legitimacy, particularly for people outside the United Arab Emirates who had little ability to independently assess its corporate or financial operations.
The collapse and the unanswered questions
The investors’ account describes a business that operated for several years before withdrawals became a major problem. According to the petition, OmegaPro subsequently closed its offices and investors were unable to access their money.
The petitioners say they were left without satisfactory explanations about their funds and claim that attempts to locate the company’s operators and obtain answers were unsuccessful. They are therefore asking Dubai authorities to establish where the money went, how OmegaPro operated in the jurisdiction and whether any laws or regulations were breached.
The concerns raised by the petition are not occurring in isolation. In 2025, the U.S. Department of Justice announced criminal charges against OmegaPro founder and promoter Michael Sims and another promoter in connection with what prosecutors described as a global $650 million foreign-exchange and cryptocurrency investment fraud. The DOJ alleged that OmegaPro sold investment packages promising returns of up to 300% over 16 months and raised more than $650 million in virtual currency from thousands of investors.
According to the U.S. indictment described by the Justice Department, investors were told after OmegaPro announced a network hack that their investments were secure and that funds were being transferred to another platform, Broker Group. Prosecutors allege that investors subsequently could not withdraw their money from either platform. The DOJ further alleged that funds moved through cryptocurrency wallets controlled by OmegaPro executives before being transferred to insiders and high-ranking promoters.
Those U.S. allegations provide an important independent development in understanding the broader OmegaPro controversy, although they do not by themselves establish every allegation contained in the Nigerian petition or determine the responsibility of every person named by the petition.
Why Dubai is at the center of the dispute
For the Nigerian investors behind the petition, the Dubai connection is more than a matter of corporate history. They want authorities in the emirate to determine whether OmegaPro’s operations complied with applicable laws and how a company attracting international investors was able to operate there.
The petition also asks authorities to examine whether any government officials or other individuals may have had connections to OmegaPro. Importantly, the petition itself acknowledges that officials or members of Dubai’s ruling establishment may have been deceived rather than knowingly involved. Its request is therefore framed as a demand for investigation rather than proof that government officials participated in wrongdoing.
The investors are also making a broader argument about Dubai’s reputation as an international business and investment center. Their concern is that allegations surrounding a company operating from the emirate could raise questions about oversight and investor protection if authorities do not establish what happened.
For Nigerians who invested remotely, the geographic divide makes recovery and accountability particularly difficult. Money may have moved through cryptocurrency wallets and international payment channels, while promoters, investors and corporate operations were spread across different countries. That creates precisely the kind of cross-border complexity that can leave victims relying on authorities in jurisdictions far from where they live.
What happens next
The petition does not itself establish criminal liability, recover investor funds or demonstrate that every allegation against the named individuals is true. Its significance is that it records a collective demand from investors for authorities to examine those questions.
The Nigerian investors are asking Dubai authorities to investigate OmegaPro’s operations, examine the role of its principal operators, determine whether any other parties facilitated wrongdoing and pursue accountability where evidence supports it. They are also seeking redress for investors who say they lost substantial sums.
The broader OmegaPro story is now being examined through multiple channels, including criminal proceedings in the United States and complaints and petitions from investors in different countries. The U.S. case is particularly significant because it places allegations about OmegaPro’s investment model and the movement of investor funds into a formal criminal proceeding.
For the Nigerian investors who signed the Dubai petition, however, the central question remains much simpler. They want to know what happened to their money and whether the people responsible can be held accountable.
Their appeal to Dubai authorities represents another chapter in a dispute that has crossed borders, currencies and jurisdictions. Whether the petition ultimately leads to action by authorities remains to be seen, but the investors’ demands highlight the difficulty of pursuing alleged financial wrongdoing when the people behind an investment operation, its customers and the money itself may all be located in different parts of the world.
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