There was outrage at the Benue State Police Command on Tuesday as some participants of a Ponzi Scheme stormed the station to lay ‘formal’ complaints.

The participants were reportedly defrauded by one Philemon Ibrahim, who is a guider of Ponzi scheme, Global Funds International.

Ibrahim was arrested at St. Theresa’s Catholic Church, the alleged venue of the illicit money doubling scam.

He is currently being interrogated by the police after several complaints.

A widow, Mrs. Dauda Maiduguri, told Channels Television how she was defrauded N2.9 million by the suspect.

She said, “I and my siblings and some other members of my family invested N2.9m into the cash flow account and since then, we have lost contact with him.”

Another victim, Samuel Shika narrates how he lost his entire investment without getting any promised profit.

He said, “We were told if you pay N10, 000, they will give you N20, 000, so I was moved to also get something out of it.

“We are here with the hope of getting our money after a failed Ponzi scheme.”

The alleged suspect however did not deny collecting money from the complainants.

In his narration, he blamed the Economic and Financial Crimes Commission, EFCC, for freezing his accounts and making his business suffer.

Ibrahim said, “I am not a criminal and I don’t intend to become one until I am proven to be one. Even when I was called by the police, I only needed to be given an opportunity to prove myself…”

The state Commissioner of Police, CP, Bashir Makama, after listening to their complaints, warned against such practices.

He advised Nigerians not to involve themselves in such ‘get rich quick’ means of getting money.

He said, “You can’t sit down in your house and someone will say bring N10, 000 and I give you N20, 000. From where is he getting the extra 10?

“So it is your greed that is leading you to all these. Now you have all converged here, what are you expecting?” he asked rhetorically.

Speaking further, he said, “We cannot do more than we have done here.

“If he cannot pay all of you, he goes to court,” he added.

DAILY POST recalls that Nigerians have been warned against indulging in such money doubling schemes.

The warnings came after Mavrodi Mondial Movement, MMM Nigeria froze accounts of all participants, but resumed operations after one month.

The Central Bank of Nigeria, CBN, warned Nigerians to be wary of it, insisting it is fraudulent.

Video link:
https://www.youtube.com/watch?v=_rZ3aDa9gNk

Cc: lalasticlala, Mynd44

http://dailypost.ng/2017/02/01/ponzi-scheme-drama-widow-lost-n2-9m-others-storm-benue-police-command-protest-video/

lalasticlala, seun see MMM wahala oooooooooooooooooooooooooooooo


Where that Chuddy guy sef?

chai MMM....T&C apply sha.
this was the only place i have seen our government workrd, trying to protect the people...CBN warned yet the citizen didn't hear.

Dat one nah gbege ooo

Most of wailers are affected also

It really add to there anger on this forum

sarrki:
Dat one nah gbege ooo

Most of wailers are affected also

It really add to there anger on this forum

IPOB youths especially

Na only Benue people do MMM?? The other day benue woman commit suicide, another day man beat wife in benue because of MMM and now.... Maybe next d Governor could not pay salary because he invested in MMM!!!

.
the accused promised 100% profit on your investment and some greedy mugus fell for it

Obviously he was trying to recover his trapped funds in mmm

and to think of it, after the mmm experience people can still be lured into ponzi schemes...chaii

Chuddy walking majestically on MMMvangelist's brain..

carmag:
.

What is this ?

Naija, we too like awoof

BeeBeeOoh:
Chuddy walking majestically on MMMvangelist's brain..

make that guy no land for naija o. Na him obituary

lalasticlala, Mynd44

People that are shouting mmm upandan, dis u see mmm from what d woman said up there. Abi to read dey difficult for una. Rubbish

DONSMITH123:


make that guy no land for naija o. Na him obituary

Even the devil himself dey warn am about the danger ahead

MMM Wahala

Kakamorufu:
People that are shouting mmm upandan, dis u see mmm from what d woman said up there. Abi to read dey difficult for una. Rubbish

participant spotted

BeeBeeOoh:
Even the devil himself dey warn am about the danger ahead

mark666:
Na only Benue people do MMM?? The other day benue woman commit suicide, another day man beat wife in benue because of MMM and now.... Maybe next d Governor could not pay salary because he invested in MMM!!!

na wao

kingk:
chai MMM....T&C apply sha.
this was the only place i have seen our government workrd, trying to protect the people...CBN warned yet the citizen didn't hear.

BUT WE NEVER CARE TO HEAR

Twinka is now out to swindle people. Please wise up

OnankpaBa:


IPOB youths especially

stephnie1:
Twinka is now out to swindle people. Please wise up

which one bi twinka again?

Chai Buhari please do something.

OsusuMustFlow:


BUT WE NEVER CARE TO HEAR

Honestly, i almost do this mmm stuff, i did registered but after reading cbn publishing mehn....i quit. so as for me, i heard.

kingk:

Honestly, i almost do this mmm stuff, i did registered but after reading cbn publishing mehn....i quit. so as for me, i heard.

If not greed, even Banks don't offer up to 30%. How can you reap where you dont sow.

OnankpaBa:
lalasticlala, seun see MMM wahala oooooooooooooooooooooooooooooo


Where that Chuddy guy sef?

Wetin concern you?




Is it your money

Kondomatic:
Wetin concern you?




Is it your money

E-pain am o.

Abeg who get that E pain am pix sef

OnankpaBa:


E-pain am o.

Abeg who get that E pain am pix sef

OYA GBA