RevenGeMission:
Funny enough, if you type conehead , cone head , Brownroof brownroof or afonja , it won't change

yoged:
Alot of them preying on innocent people. Mom is into one, telling them world bank wants to give each person 10 million so start farming. I just dey laugh. Warn her, she no answer.

sKeetz:
Michael Eke, is that you?

TIDDOLL:

This shii as been going around for a while now, i checked World bank's site and there's no such thing !! Lots registered, collecting a form of 1k.. Just multiply that by thousands.
I am positive its a looming scam, and lot of people are falling for it!!

NPF or EFCC better check them asap.

EmagNig:
A wonder bank in Calabar has allegedly defrauded unsuspecting customers to the tune of N27 billion, after the operators bolted with their deposits in Cross River State.

The bank, operating under the name Micheno Multipurpose Cooperative Society, MMCS, reportedly succeeded in defrauding over 13,000 people who trusted them with their money.

The scheme owned and operated by one Michael Eke, had promised depositors of N100,000 an additional N50,000 at the end of 40 days, and those who deposit N150,000 would get N300,000 at the same period, Vanguard reports. A deposit of N1 million would earn a N500,000 profit at the end of the same period while deposits above N1 million would be calculated in N1 million units.

The scheme berthed in Calabar in June 2018 had been attracting patronage from Cross River state residents. Some of the depositors parted with their life savings and others deposited their gratuities, which run into millions, with the hope of reaping bountifully at the end of 40 days.

However, at the end of the 40 days, some depositors got only a small part of their deposits sent back to them, while over 13,000 others did not get anything and have since not heard from the operators of the bank in the past one month. Their office in Calabar has remained shut since then.

The scheme started as a Swiss marketing company on WhatsApp and in less than one month, the groups grew to about 36 all providing information on the benefits of joining the scheme and attracted a lot of people.

A victim, Edna Nzegu, said:

I have N33 million stocks with the scheme. It may not be much compared to what others have but this has destabilised my life and turned me to mad woman with no bearing and I have lost interest in life and work.

Some of the depositors accused a Calabar-based comedian, MC Mbakara, of conniving with Mr Eke to fleece them of their money by promoting the scheme on his WhatsApp thread and website, which persuaded them to believe that the scheme was genuine and he has since gone into hiding.

Speaking from his hideout, Mbakara said he was not part of the company even when he was appointed vice president of the scheme by Eke.

He said:

I have been accused of so many things I am not aware of. I am not on the run and not hiding. My phone lines have been open and I am very available.

He added he was only a brand ambassador whose following on and offline was used by Eke to drive an aggressive campaign that brought a lot of depositors to the scheme.

Cross River Police Command spokesperson, Ms Irne Ugbo, said reports had been made by some depositors of the scheme and investigation is ongoing "to unravel what the scheme is about and what actually happened to the depositors' funds."

https://lailasnews.com/wonder-bank-operators-defraud-customers-of-n27billion-calabar

adisabarber:
Why do people still fall for Ponzi scam?

Doro55:
so after MMM Nigerians no still wise up.

yoged:
Alot of them preying on innocent people. Mom is into one, telling them world bank wants to give each person 10 million so start farming. I just dey laugh. Warn her, she no answer.

BigGuyMan01:
Buhari doing what he knows how to do best

bukolabeauty09:
May God fish out all this ponzi scheme company and make them pay in an unbearable way for all those they have scammed.
QUADRANT LIMITED at Lagos are yet to pay us our money as well my money is still with them since last year all they say is they are not making profit, give us our money we don't want interest on it again is all we cry out for.

lunacol:
Many ponzi schemes are still springing up on daily bases.They have even transformed to Multi Level Marketing in order to look genuine.