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Ejigbo Residents Lose N8 Million To Fake Microfinance Bank - Business - Nairaland

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Ejigbo Residents Lose N8 Million To Fake Microfinance Bank by phosky(m): 12:40am On Jun 26, 2018
EJIGBO RESIDENTS LOSE N8 MILLION TO FAKE MICROFINANCE BANK
source: http://www.eyesoflagos.com/2018/06/ejigbo-residents-lose-n8-million-to.html

Residents and business owners in Ejigbo community were thrown into confusion following the discovery that an alleged investment company posing as a microfinance bank operating in the area was operating under false pretense to swindle them of their money.
According to reports, the company identified as Golden Grace Investment Company, located at Idimu road Ejigbo, Lagos Mainland defrauded its customers to the tune of N8million before its members of staff fled the area.
Eyes Of Lagos gathered that the customers, having made savings into the stipulated bank account suspected danger when they approached the bank at the end of the investment period to get back their capital and interest but discovered that the company could not meet its own part of the agreement.
During the ensuing argument, the customers also discovered that some of the staff of the company were no longer available when they visited the office at different intervals.
The customers subsequently reported the matter to the Police and three staff of the company, Bisoye Amoo, Bankole Tolulope and Gbenga Victor were arrested. Meanwhile, seven other persons including the Managing Director of the company were said to be at large.
Upon investigation, the Police discovered false documents bearing the name of the fake company in their possession.
The matter was however charged to the Ejigbo Magistrate court where the arrested suspects were arraigned.
According to Eyes Of Lagos, the prosecuting Police officer, Mr. Samuel Nwankwo read out the eight count charges which he argued were punishable under the criminal law of Lagos State.
During the hearing, the defendants were granted bail each in the sum of N1million with two sureties each. Each of the sureties were expected to be a property owner in Lagos State and gainfully employed with N30,000 tax verification.
The case was adjourned till July 4, 2018, with the defendants remanded in police custody until their bail conditions are met.

2 Likes 2 Shares

Re: Ejigbo Residents Lose N8 Million To Fake Microfinance Bank by Nobody: 3:23am On Jun 26, 2018
Children of the fallen one.



Ndewo unu o!!!

7 Likes 1 Share

Re: Ejigbo Residents Lose N8 Million To Fake Microfinance Bank by BabaRamota1980: 3:58am On Jun 26, 2018
Anytime you hear fake, yanminri is at the root of it.

They arrested employees of the bank, where is the owner. First step is to arrest the owner of the property that was leased to the bank. In fact the building should be sealed and put at risk of forfeiture if the owner fails to cooperate in disclosures that will nab the yanminri crook. Simple!

6 Likes

Re: Ejigbo Residents Lose N8 Million To Fake Microfinance Bank by princeade86(m): 7:31am On Jun 26, 2018
but 8million is not money at all. how much will dey later gain? at least they will pay for d office they are using and am sure the office will cost like a million, before they can now say they want to share the money.

2 Likes

Re: Ejigbo Residents Lose N8 Million To Fake Microfinance Bank by obembet(f): 7:31am On Jun 26, 2018
Weiting concern me..

If musa can do it today, Nigerian will consider BUHARI for second term..

WHO STONE ME?

2 Likes

Re: Ejigbo Residents Lose N8 Million To Fake Microfinance Bank by Alphafeezay(m): 7:31am On Jun 26, 2018
This one na another MMM o
Re: Ejigbo Residents Lose N8 Million To Fake Microfinance Bank by seguno2: 7:32am On Jun 26, 2018
BabaRamota1980:
Anytime you hear fake, yanminri is at the root of it.

They arrested employees of the bank, where is the owner. First step is to arrest the owner of the property that was leased to the bank. In fact the building should be sealed and put at risk of forfeiture if the owner fails to cooperate in disclosures that will nab the yanminri crook. Simple!

Is Ambode also a SE person?
How many trillions have Lagosians lost to him?
Is there any chance that you can get sense in a market somewhere

10 Likes 2 Shares

Re: Ejigbo Residents Lose N8 Million To Fake Microfinance Bank by sotall(m): 7:32am On Jun 26, 2018
Ok
Re: Ejigbo Residents Lose N8 Million To Fake Microfinance Bank by GMBuhari: 7:33am On Jun 26, 2018
Just 8M /??


I bet MMM took more than a trillion


What happened to that MMM what did they call them guiders ?? the Ibo boy that married and stayed oversea since then ?
Re: Ejigbo Residents Lose N8 Million To Fake Microfinance Bank by Misterdhee1(m): 7:34am On Jun 26, 2018
Chaaiii


"Please consider listing as an event vendor on www.planit.ng to get more customers (100% FREE)"
Re: Ejigbo Residents Lose N8 Million To Fake Microfinance Bank by Greizman: 7:35am On Jun 26, 2018
seguno2:


Is Ambode also a SE person?
How many trillions have Lagosians lost to him
Is there any chance that you can get sense in a market somewhere?
U made no sense..

8 Likes

Re: Ejigbo Residents Lose N8 Million To Fake Microfinance Bank by kingthreat(m): 7:35am On Jun 26, 2018
Poor employees, they never knew about the scam but might now go to jail for it. This is why i say till tomorrow, scammers are wicked. You know how many families would not eat well becauee of them? Those glorifying yahoo boys, wait till they play you local then your eye go clear

8 Likes

Re: Ejigbo Residents Lose N8 Million To Fake Microfinance Bank by seguno2: 7:38am On Jun 26, 2018
Greizman:
U made no sense..

Are you one of Buhari’s uneducated youths who are sitting around waiting for free oil money

4 Likes

Re: Ejigbo Residents Lose N8 Million To Fake Microfinance Bank by joachim3910(m): 7:39am On Jun 26, 2018
[quote author=phosky post=68823126]EJIGBO RESIDENTS LOSE N8 MILLION TO FAKE MICROFINANCE BANK
source: http://www.eyesoflagos.com/2018/06/ejigbo-residents-lose-n8-million-to.html

Residents and business owners in Ejigbo community were thrown into confusion following the discovery that an alleged investment company posing as a microfinance bank operating in the area was operating under false pretense to swindle them of their money.
According to reports, the company identified as Golden Grace Investment Company, located at Idimu road Ejigbo, Lagos Mainland defrauded its customers to the tune of N8million before its members of staff fled the area.
Eyes Of Lagos gathered that the customers, having made savings into the stipulated bank account suspected danger when they approached the bank at the end of the investment period to get back their capital and interest but discovered that the company could not meet its own part of the agreement.
During the ensuing argument, the customers also discovered that some of the staff of the company were no longer available when they visited the office at different intervals.
The customers subsequently reported the matter to the Police and three staff of the company, Bisoye Amoo, Bankole Tolulope and Gbenga Victor were arrested. Meanwhile, seven other persons including the Managing Director of the company were said to be at large.
Upon investigation, the Police discovered false documents bearing the name of the fake company in their possession.
The matter was however charged to the Ejigbo Magistrate court where the arrested suspects were arraigned.
According to Eyes Of Lagos, the prosecuting Police officer, Mr. Samuel Nwankwo read out the eight count charges which he argued were punishable under the criminal law of Lagos State.
During the hearing, the defendants were granted bail each in the sum of N1million with two sureties each. Each of the sureties were expected to be a property owner in Lagos State and gainfully employed with N30,000 tax verification.
The case was adjourned till July 4, 2018, with the defendants remanded in police custody until their bail conditions are met.[/quot] Reminscent of let's partner with you that swindled Enugu residents of billions and till date not a single thing was done to him . How do you take a man that obtained billions of money from people under false pretense to court and then grant gimm bail of 10 million and there ends the case . The case didn't Ed there as my dad would tell me he has the judiciary their share of the fraud and they let him him off the hook to the peril of the owners of the money he defrauded .. The man is somewhere quietly enjoying the wealth and using it to train children that will end up a nuisance to the society tomorrow . The blessings of God adds no sorrows ..
Re: Ejigbo Residents Lose N8 Million To Fake Microfinance Bank by Aarenasbaba(m): 7:39am On Jun 26, 2018
And this same ejigbo people tortured two innocent girls to death because of ordinary 100 pepper and they cannot do anything those that swindled them.... This is Nigeria
Re: Ejigbo Residents Lose N8 Million To Fake Microfinance Bank by Greizman: 7:40am On Jun 26, 2018
seguno2:


Are you one of Buhari’s uneducated youths who are sitting around waiting for free oil money
U still made no sense.. try another line

3 Likes

Re: Ejigbo Residents Lose N8 Million To Fake Microfinance Bank by Loversminds: 7:42am On Jun 26, 2018
Chai, there is God ooooo
Re: Ejigbo Residents Lose N8 Million To Fake Microfinance Bank by goldcoinhub: 7:46am On Jun 26, 2018
phosky:
EJIGBO RESIDENTS LOSE N8 MILLION TO FAKE MICROFINANCE BANK
source: http://www.eyesoflagos.com/2018/06/ejigbo-residents-lose-n8-million-to.html

Residents and business owners in Ejigbo community were thrown into confusion following the discovery that an alleged investment company posing as a microfinance bank operating in the area was operating under false pretense to swindle them of their money.
According to reports, the company identified as Golden Grace Investment Company, located at Idimu road Ejigbo, Lagos Mainland defrauded its customers to the tune of N8million before its members of staff fled the area.
Eyes Of Lagos gathered that the customers, having made savings into the stipulated bank account suspected danger when they approached the bank at the end of the investment period to get back their capital and interest but discovered that the company could not meet its own part of the agreement.
During the ensuing argument, the customers also discovered that some of the staff of the company were no longer available when they visited the office at different intervals.
The customers subsequently reported the matter to the Police and three staff of the company, Bisoye Amoo, Bankole Tolulope and Gbenga Victor were arrested. Meanwhile, seven other persons including the Managing Director of the company were said to be at large.
Upon investigation, the Police discovered false documents bearing the name of the fake company in their possession.
The matter was however charged to the Ejigbo Magistrate court where the arrested suspects were arraigned.
According to Eyes Of Lagos, the prosecuting Police officer, Mr. Samuel Nwankwo read out the eight count charges which he argued were punishable under the criminal law of Lagos State.
During the hearing, the defendants were granted bail each in the sum of N1million with two sureties each. Each of the sureties were expected to be a property owner in Lagos State and gainfully employed with N30,000 tax verification.
The case was adjourned till July 4, 2018, with the defendants remanded in police custody until their bail conditions are met.

This New Broke on June 9th 2018...Why are you just posting it here today
https://leadership.ng/2018/06/09/women-storm-court-over-fraud-by-microfinance-bank-alleged-fraud/
Re: Ejigbo Residents Lose N8 Million To Fake Microfinance Bank by Damsonkc(m): 7:47am On Jun 26, 2018
BabaRamota1980:
Anytime you hear fake, yanminri is at the root of it.

They arrested employees of the bank, where is the owner. First step is to arrest the owner of the property that was leased to the bank. In fact the building should be sealed and put at risk of forfeiture if the owner fails to cooperate in disclosures that will nab the yanminri crook. Simple!

You stink

5 Likes

Re: Ejigbo Residents Lose N8 Million To Fake Microfinance Bank by Simbrixton(m): 7:47am On Jun 26, 2018
Awon ethnic warriors ma ja de nisin
Re: Ejigbo Residents Lose N8 Million To Fake Microfinance Bank by kuntash: 7:48am On Jun 26, 2018
Are the Policemen shown in the photo the ones guarding or colluding with the bank ? I am not understanding
Re: Ejigbo Residents Lose N8 Million To Fake Microfinance Bank by Mufasa27(m): 7:52am On Jun 26, 2018
Greediness is the problem of people and no be their fault na poverty, poverty level for Lagos too high people dey suffer for that side ooo
Re: Ejigbo Residents Lose N8 Million To Fake Microfinance Bank by davillian(m): 7:56am On Jun 26, 2018
grin
Re: Ejigbo Residents Lose N8 Million To Fake Microfinance Bank by Justiceleague1(f): 7:57am On Jun 26, 2018
BabaRamota1980:
Anytime you hear fake, yanminri is at the root of it.

They arrested employees of the bank, where is the owner. First step is to arrest the owner of the property that was leased to the bank. In fact the building should be sealed and put at risk of forfeiture if the owner fails to cooperate in disclosures that will nab the yanminri crook. Simple!

yamiri will always be above you
grin

hows that fufuAndroid shubuke sold to you?

3 Likes

Re: Ejigbo Residents Lose N8 Million To Fake Microfinance Bank by olowobaba10: 8:03am On Jun 26, 2018
NEXT PLEASE!

Re: Ejigbo Residents Lose N8 Million To Fake Microfinance Bank by alignacademy(m): 8:04am On Jun 26, 2018
phosky:
EJIGBO RESIDENTS LOSE N8 MILLION TO FAKE MICROFINANCE BANK

Residents and business owners in Ejigbo community were thrown into confusion following the discovery that an alleged investment company posing as a microfinance bank operating in the area was operating under false pretense to swindle them of their money.
According to reports, the company identified as Golden Grace Investment Company, located at Idimu road Ejigbo, Lagos Mainland defrauded its customers to the tune of N8million before its members of staff fled the area..

Isn't there a regulatory body that's supposed to monitor the activities of financial institutions?

How were they able to escape the watchful eye of the EFCC?

Of course that doesn't excuse people from doing their own due diligence...
Re: Ejigbo Residents Lose N8 Million To Fake Microfinance Bank by Ellabae(f): 8:08am On Jun 26, 2018
I hardly trust all these investment stuff. Most of them are fraud
Re: Ejigbo Residents Lose N8 Million To Fake Microfinance Bank by SeunPhantom(m): 8:12am On Jun 26, 2018
Watin happen

1 Like

Re: Ejigbo Residents Lose N8 Million To Fake Microfinance Bank by maxiuc(m): 8:16am On Jun 26, 2018
cheesy

MMM naija
Re: Ejigbo Residents Lose N8 Million To Fake Microfinance Bank by jaxxy(m): 8:21am On Jun 26, 2018
The staffs caught might not even know anything about the fraud and cud just be innocent employees on sm meager salary bt yet they will be arrested and given bail of 1m. Lol ok

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