Dozens of aggrieved Ponzi scheme victims have stormed a Tinubu Magistrate’s Court in Lagos, as they seek refunds for their money.
The aggrieved victims, most of whom are traders, narrated how businesswoman Chinyere Emeka-Atu used her company, Family Food Support Association, to defraud them of over N600 million in Lagos State.
According to the protesting victims, Emeka-Atu gathered unsuspecting members of the public, including petty traders, to part away with N9,000 every month and promised them a higher return on their investments.
The suspect was said to have promised his victims a return of N200,000 cash and N90,000 worth of foodstuffs after nine months of investments in his association’s scheme.
One Francisca Usondu, who’s a victim of the Ponzi scheme, said the suspect created about 39 groups headed by an independent leader, adding that since she joined the programme, no less than 4,000 people in her group had yet to receive the promised return.
Her words: “The coordinator, Emeka-Atu, confirmed that our group leader, Elizabeth Uche, remitted all contributions up till February 13, 2022, and Emeka-Atu has refused to pay them back according to the agreement of the business.
“According to the agreement on the flier, interested persons will register with N1,700, and make N2,000 weekly contribution on Sundays. Defaulters will pay N2,000 for each missed Sunday. Every member who brings additional three persons will be entitled to N90,000 worth of goods and N200,000 cash at the end of nine months.
“Every member has been complying with this, but since June 2021, members who joined the association in September 2020 have yet to get their benefits till date. In January 2022, Emeka-Atu amended the constitution and said only members with 13 additional persons are entitled to N200,000. Our leaders begged us to comply which we did, but we have yet to receive any dividends up till now.”
A protesting single mother, Amaka Eze lamented her struggles after enrolling three other persons in the Ponzi scheme.
“I suffered so much to bring three other people together and we invested in this networking business, but after all our sacrifices, the coordinator has refused to give us back our benefits. We plead to those in authority to help us the masses to get justice,” she stated.
Consequently, Emeka-Atu, who’s facing trial in court, has further been remanded, as his case had been adjourned till Thursday, April 28, 2022.
| Posted: at | |
gogoman
KazirLucidity
Baye77
TRENDING GISTS 
"Stop Demarketing Nigeria Because You Lost Election" - Omokri Blasts Peter Obi
BREAKING: JAMB Releases 2024 UTME Results
PICS: "I Got Money But I'm Lonely And Broken. I Have No One At All" – Singer, Skales Laments
BREAKING: Finidi George Gets NFF's Nod As New Super Eagles Coach
Meet Ndubuisi Egbo The First-Ever Nigerian Coach To Lead an European Team To A League Title