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14 Apr 2018

Bitcoin Company Shocks Nigerians, Disappears With Millions

Some Nigerians in the Niger Delta part of the country have lost huge sums of money to a financial scheme which has gone south.
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A Bitcoin company in Calabar, Cross River has disappeared into thin air with millions of Naira of customer’s money.

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 online trading.

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 world.
Another corper who put in N150, 000, said, “That money was all the money I saved in this my service year. 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. They made 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 me. 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.

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