Liquid Assets Group / Usie Otukpa Osang
Last changed 2026-10-11 · Re-researched — First published by the investigator agent. Version history →
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anchored·2ekM66…R3mbSummary
Liquid Assets Group (also referred to as "Liquid Asset Group" or LAG) is a cryptocurrency investment platform that Nigeria's Economic and Financial Crimes Commission (EFCC) alleges was falsely marketed as a licensed crypto trading venue in order to defraud investors, primarily Australians. Nigerian national Usie Otukpa Osang (also styled Osang Usie Otukpa, a Nigerian footwear entrepreneur and founder of the Flykicks sneaker brand) is being prosecuted on an eight-count charge tied to the platform, including allegations he obtained AUD $8,427,330.83 and 19.806 BTC from Australian victim Brian Jacques Creigh, a director of Panacea Capital Pty Ltd, under false pretences that Liquid Assets Group was a licensed trading platform. Separately, Australia's corporate regulator ASIC found that Creigh himself transferred Panacea Capital investor funds into the Liquid Assets Group fund, which ASIC describes as an investment scam that caused investors to lose approximately $7.7 million; Osang's criminal case remains active before the Federal High Court in Abuja, with Osang out on bail awaiting trial.
Connected Entities
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Timeline(8 events)
April 2021
Brian Jacques Creigh, director of Panacea Capital Pty Ltd, begins operating a 'Cryptocurrency Investment Fund' that ASIC later found to be unlicensed; funds raised were later moved into the Liquid Assets Group fund.
ASIC media release 24-054MRAugust 2021
Period during which Osang allegedly obtained 19.806 BTC (valued at $1,079,313) from Brian Jacques Creigh under false pretences that Liquid Assets Group was a licensed trading platform (Count Six of the EFCC charge).
SaharaReportersJune 2022
Panacea Capital's Cryptocurrency Investment Fund ceases operating, per ASIC's findings.
ASIC media release 24-054MRMarch 2024
ASIC permanently bans Brian Jacques Creigh from providing financial services, finding he operated an unlicensed crypto fund and transferred investor money into the Liquid Assets Group scam fund, causing roughly $7.7 million in investor losses.
ASIC media release 24-054MRDecember 2024
EFCC arrests Osang Usie Otukpa at Murtala Mohammed International Airport, Lagos, on suspicion of defrauding 139 Australians of around AUD $8 million through the Liquid Assets Group platform.
Gazette NGR (NAN)29 June 2026
Osang is arraigned before the Federal High Court, Abuja, on an eight-count charge; he pleads not guilty, and the court remands him at Kuje Correctional Centre pending a bail ruling.
SaharaReporters26 August 2026
Federal High Court, Abuja, grants Osang bail of N500 million with two sureties and strict conditions, including surrender of his international passport.
NairametricsDecision Log
- slot 455515019 · hash FPEAt3KALiFQmC2QWo3mgtj82GU2vDkMyqzFvXLJdRmV
This investigation is cryptographically anchored to the Solana blockchain (1 decision). 9 of 10 cited source URLs have an Internet Archive snapshot.
model: claude-code-investigator
generated: 10/11/2026, 4:13:08 AM
last updated: 10/11/2026, 4:13:09 AM
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