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Microfinance Bank Defrauds Over 200 Market Women In Lagos - Business - Nairaland

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Microfinance Bank Defrauds Over 200 Market Women In Lagos by emamos: 11:15am On Nov 23, 2015
There was confusion at a certain microfinance bank located on Atitebi Junction on the Old Apapa Road, in the Oyingbo area of Lagos state when no fewer than 200 women got to the bank where they had allegedly opened accounts but discovered it was deserted.
According to Punch, the police in the State are on the trail of the employees of the said bank who allegedly defrauded the women of their savings.
The bank, which reportedly used a three-room apartment in a storey building at the junction, started giving out forms around September to the victims, who were mostly market women.
Reports say the aggrieved women who were given forms and account booklets where savings were ticked after each deposit, had been told by the bank to come last Monday to get loans after making three months’ savings, only to discover that the bank officials were nowhere to be found.
While some of the women reportedly deposited N21, 000 hoping to be given loans of N150, 000, others were said to have paid in N15, 000 to be lent N100, 000. Some others also deposited N7, 500 hoping to be lent N50, 000.
However, trouble started when some of the women who had been told to come for their money on Friday, got to the bank at about 10am and met the rooms under lock and key. They were said to have raised the alarm and started to call other women who were customers.
Policemen from the Iponri division were said to have arrived to pacify the women and enjoined them to make a formal report for investigation, because the wailing women caused a gridlock on the road, during which some of them put calls through to the phone numbers on the form, but the lines were reportedly switched off.
Speaking on the incident, one of the women, who identified herself as Yakubu Rukayat, said she had deposited N15, 000, and brought her sister to contribute N21, 000 hoping to get the loans.
According to her, “Over 200 of us were affected. We were shocked to meet their doors locked on a Monday. The rooms are empty. The door is locked. Look at the form I filled and the passbook they gave me. I deposited N15, 000, and I also brought my sister to pay in N21, 000.
“Most of us are market women from Oyingbo, Makoko and Ebute Meta. On Friday, I still came to the bank and people were depositing the money. I noticed that one of the officials, a lady, asked people to hurry so that they could take their forms for processing. We did not know it was a scam. How will I get all my money back?”
One Iyaniwura, another victim, lamented she had hoped to use the loan to pay her house rent, and to expand her business. She claimed to have deposited N21, 000 too.
However, the Lagos State Police Public Relations Officer, PPRO, DSP Joe Offor, who confirmed that the market women had reported the matter to the police, said the police had invited the landlord of the property for questioning and efforts were on to get the runaway officials of the microfinance bank.
Offor said, “The DPO led policemen to the scene and appealed to the women not to cause violence.
The police have invited the landlord who gave the place to the so-called microfinance bank for questioning,” the PPRO added.
He said all efforts are being made to apprehend the officials of the bank.
http://dailypost.ng/2015/11/23/microfinance-bank-defrauds-over-200-market-women-in-lagos/
cc:lalasticlala

1 Like

Re: Microfinance Bank Defrauds Over 200 Market Women In Lagos by emamos: 11:15am On Nov 23, 2015
owo alata,owo oniru,na God go judge am

7 Likes 1 Share

Re: Microfinance Bank Defrauds Over 200 Market Women In Lagos by ruffcoin99(m): 11:15am On Nov 23, 2015
I know a banker that did same thing in my hood, eat and drink with people for a year and ran away with there money. You wonder why some people get hit by stray bullet sometimes and you pity them.

13 Likes

Re: Microfinance Bank Defrauds Over 200 Market Women In Lagos by Miracle4Sure: 11:30am On Nov 23, 2015
Eeyaah........
Re: Microfinance Bank Defrauds Over 200 Market Women In Lagos by chynergy1(m): 11:30am On Nov 23, 2015
e no easy o. why are people like that. fraud everywhere.
where is regulation?
or are there just there to fine multinationals instead of protecting the vulnerable?
Re: Microfinance Bank Defrauds Over 200 Market Women In Lagos by Eddygourdo(m): 11:38am On Nov 23, 2015
Naija people and dishonesty. If I were European I will colonize Africa again. Bunch of theives everywhere you go, just like mtn

11 Likes

Re: Microfinance Bank Defrauds Over 200 Market Women In Lagos by richidinho(m): 11:55am On Nov 23, 2015
grin

this happens every DECEMBER, and people will never learn

microfinance ko...... microorganism ni


i better dig ground and bury my hard earned dollar

14 Likes

Re: Microfinance Bank Defrauds Over 200 Market Women In Lagos by DONSMITH123(m): 11:56am On Nov 23, 2015
naija is capable of anything.
Re: Microfinance Bank Defrauds Over 200 Market Women In Lagos by broxymall(m): 11:56am On Nov 23, 2015
cant wait next year to fly out


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Re: Microfinance Bank Defrauds Over 200 Market Women In Lagos by ritababe(f): 11:56am On Nov 23, 2015
Wickedness they just target the market women because they know nothing abt fraud, God go judge them.

Other market women that want easy/fast money should learn from this.

1 Like 1 Share

Re: Microfinance Bank Defrauds Over 200 Market Women In Lagos by Doughyeenbae(f): 11:57am On Nov 23, 2015
..too bad sad

2 Likes

Re: Microfinance Bank Defrauds Over 200 Market Women In Lagos by Segadem(m): 11:57am On Nov 23, 2015
ok
Re: Microfinance Bank Defrauds Over 200 Market Women In Lagos by Haryorqunley(m): 11:57am On Nov 23, 2015
Too bad
Re: Microfinance Bank Defrauds Over 200 Market Women In Lagos by free2ryhme: 11:58am On Nov 23, 2015
Microfinance banks are always in the habit of collecting " ajo" from these market traders and end up not fulfilling their own side of the promise

they are worst than thieves angry

3 Likes

Re: Microfinance Bank Defrauds Over 200 Market Women In Lagos by Nobody: 11:58am On Nov 23, 2015
Micro wetin?
Re: Microfinance Bank Defrauds Over 200 Market Women In Lagos by Davidson267(m): 11:58am On Nov 23, 2015
Hit like if u didn't read the whole story
Re: Microfinance Bank Defrauds Over 200 Market Women In Lagos by mrkings84(m): 11:59am On Nov 23, 2015
Too bad! I rather invest my money into a biz than put my had earned money in a bank. Check my signature for a small amount start up biz
Re: Microfinance Bank Defrauds Over 200 Market Women In Lagos by afuye(m): 11:59am On Nov 23, 2015
Nothing we no go hear
Re: Microfinance Bank Defrauds Over 200 Market Women In Lagos by fflamingo(m): 12:00pm On Nov 23, 2015
End time bank

1 Like 1 Share

Re: Microfinance Bank Defrauds Over 200 Market Women In Lagos by aspenjnr: 12:00pm On Nov 23, 2015
this is bad samething happened here in ibadan also
Re: Microfinance Bank Defrauds Over 200 Market Women In Lagos by Ujupsy: 12:00pm On Nov 23, 2015
I talk am ,they did same to my brother still recovering from his misfortune,Nigerians counting there loses everyday
Re: Microfinance Bank Defrauds Over 200 Market Women In Lagos by Mariotury: 12:01pm On Nov 23, 2015
The same thng happend in my area some weeks ago, at ibeshe ikorodu... I didn't know dis people are everywhere in lagos

1 Like

Re: Microfinance Bank Defrauds Over 200 Market Women In Lagos by arabaribiti(m): 12:01pm On Nov 23, 2015
God will punish them awon iya oniya

1 Like

Re: Microfinance Bank Defrauds Over 200 Market Women In Lagos by SuPeRq(f): 12:02pm On Nov 23, 2015
End time microfinance
Re: Microfinance Bank Defrauds Over 200 Market Women In Lagos by menix(m): 12:02pm On Nov 23, 2015
Bad Market for other Microfinance banks..

It's called Brotherly fraud..

The Landlord of the property should be arrested cous he can't tell us tale of Letting out his property for 3months to strangers..

If I say this is Uwa Mmebi another will come nd say End Time..

2 Likes

Re: Microfinance Bank Defrauds Over 200 Market Women In Lagos by armadeo(m): 12:02pm On Nov 23, 2015
Ole..

An explanation of my signature is the guy below.
Re: Microfinance Bank Defrauds Over 200 Market Women In Lagos by Blingblings(m): 12:03pm On Nov 23, 2015
Only happens in YOLOBA land..... ndi ofe mmanu ndi ara cheesy cheesy cheesy

5 Likes

Re: Microfinance Bank Defrauds Over 200 Market Women In Lagos by Nobody: 12:05pm On Nov 23, 2015
Eddygourdo:
Naija people and dishonesty. If I were European I will colonize Africa again. Bunch of theives everywhere you go, just like mtn
...Methinks, they shouldn't have left when they did grin cool

4 Likes

Re: Microfinance Bank Defrauds Over 200 Market Women In Lagos by cruzita(f): 12:05pm On Nov 23, 2015
it also happened here in portharcourt.exactly the same thing.but i know one day they will meet dia water loo and e go purge dem wella

2 Likes

Re: Microfinance Bank Defrauds Over 200 Market Women In Lagos by TopeQs: 12:06pm On Nov 23, 2015
microfinance bank





Davidson267:
Hit like if u didn't read the whole story
microfinance bank

shocked



I didn't finish it oh.......undecided.....welcome to the lazy world grincheesy
Re: Microfinance Bank Defrauds Over 200 Market Women In Lagos by princebaby(m): 12:06pm On Nov 23, 2015
The same thing happen to me here. In anambra last week my 36 k just gone like mtn mb on andriod phone

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