Thursday, 27 January 2022

EJIGBO MARKET BOILS OVER PONZI SCHEME




Katakata is currently rocking Ejigbo community market following  the activity of a Ponzi scheme which as usual promised millions but delivered nothing.

The Ponzi scheme which promised undisclosed quantity of food items and cash worth N200k at the end of 2021 yielded  nothing after all leaving the community under fire.

As you read this, the office of iyaloja of Ejigbo market reveal that there's no day it is not beseiged with complaints about lost investment 

ECD investigation revealed that the Ponzi organisation named Smile Again promoted by one society woman names withheld entered Ejigbo market using a social influencer, a renowned Igbo woman leader (names also  withheld)who lured traders of the market to invest

The igbo women leader to make her task easier,  also connected another influential big fish in the market to invest. Her investment must have encouraged many others to join.

Before long, all traders of the market had put in so much money running into millions with hope of yielding much only to fail them at harvest time.

Already gist have it that the igbo woman leader who marketed the Ponzi inside market has been on the run after angry investors beat her up with threat to kill her if she did not return their investment.

The organiser of the scheme on her own part is said to be underground not picking calls because the calls won't stop coming.

One of the victims,  a groundnut seller who planned to get a shop and stop street trading was full of tears as she lamented how she was fleeced

According to her, "I thought this investment will yield me the desired money to get a shop. In fact I really don't know what to do. Even the food items I had hoped on as they promised did not come"

However, in defence of the organisers, one of the traders who spoke under condition of anonymity said the "organiser of the scheme are genuine and may have had a little setback which they will overcome"











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