14-04-2018, 05:39 PM
Some Nigerians in the Niger Delta part of the
country have lost huge sums of money to a
financial scheme which has gone south.
A Bitcoin company in Calabar, Cross River has
disappeared into thin air with millions of Naira of
As early as 8am yesterday, customers besieged
the company’s office on Bassey Duke only to
discover that the company had closed shop and
vanished with their money.
Several phone calls were made by the customers
but no response from the company officials that
started operations about two months ago, collecting
money from customers and giving them a
whooping 30 per cent extra after seven days
As at yesterday, over 1,000 people who were
expecting their monies, broke into the offices and
carted away any item they could lay their hands on
as little compensation for their investment.
The entire premises of the company that occupied
few rooms in the Bassey Duke shopping mall was
taken over by frustrated customers and one of
them who gave his name as Ifeanyi said, “This is
things fall apart. I put in over N2.5 million and now
everything is gone.”
Another customer, who cried profusely, claiming he
put in N5 million said, “I saw people collecting 30
per cent interest after one week that is why I also
put in money. A huge part of the money I put in
was even borrowed”.
Some National Youth Service Corps (NYSC)
members also invested and one of them said she
put in N1.5 million and it was all her money in the
Another corper who put in N150, 000, said, “That
money was all the money I saved in this my
This is painful, I thought I could do
‘business’ and help myself and my poor family”
It was gathered that thousands of people invested
in the scheme, as someone told The Guardian,
“The crowd you are seeing today are just a few
that have come to get their money.
millions and disappeared with our money.
I don’t know why we would never learn. MMM and
the likes that promises quick profit have duped us
in the past, yet we keep falling for them, including
I put in N500, 000 into this one and now see my
money has gone down the drain.”
The situation caused an atmosphere of
pandemonium and some soldiers who arrived in
the afternoon fired several shots in the air to
disperse the people but they kept coming.