₦airaland Forum

A group of people, mostly women, were seen in a state of panic as they raised their voices and cried out after discovering that the loan and savings company had moved out of its physical office. Parts of the office building had also been demolished.

All they found were the company’s customised yellow polo shirts scattered on the ground. The women picked up the shirts as they wailed bitterly, begging for help.

GlimpseTV decided to conduct a brief background check on the company and discovered the following:

Amby Savings and Loan lists an official address on its website as:
No. 4 Amby Close, Opposite Mobil Filling Station, Ayiteju Bus Stop, Lekki–Epe Expressway, Ibeju-Lekki, Lagos.

However, recent scam allegations suggest that when customers attempted to make withdrawals around November/December 2025, the physical office at this location was found empty and partially demolished. Victims reported that the company vanished without warning.

Surprisingly, the company’s website is still active, and its Facebook page also remains online, although its last post dates back to 2022.

Many Nigerians have condemned the actions of schemes like this, comparing them to Ponzi setups that disappear with people’s hard-earned money. The timing has made the situation even worse, as this is the Christmas season—a period many had saved toward and were expecting to celebrate peacefully.

https://www.youtube.com/watch?v=3bsLr4Wl6PA?si=QVz_-eIysWsViuGz

Summary:

A group of mostly female investors cried out in panic after discovering that Amby Savings and Loan had allegedly abandoned its office in Ibeju-Lekki, Lagos, leaving the building partly demolished and only branded yellow polo shirts scattered on the ground. Many victims said they had been unable to withdraw their savings around November/December 2025. A quick background check revealed that although the company’s website and Facebook page are still active, the physical office had vanished without warning. Nigerians have strongly condemned the incident, comparing it to Ponzi-style schemes that disappear with people’s money—especially painful during the Christmas season when many had saved to celebrate.

Investors

Sabinus type of investors or

Cubana type of investors


you sure say no be the women scam the bank

because i dont understand why people dont learn

Will Nigerians ever learn? Why risk your funds with some of these mushroom investment platforms when there are other better alternatives?

Another Willie Willie Bank has disappeared ...

They always like to disappear around December period....

Dem don carry market woman money go do Detty December....

Same thing loading for opay and moniepoint

God have mercy.
These people are heartless.

Hahahahaha, Christmas don reach. Nigerians will never learn, see how hungry, dirty and scruffy their staff and office look.

Human beings can be so adamant like goat...

Una no de hia word after MMM some of you still never learnt anything

Where are CBN and FMBN in this?
Is it possible that a financial institution can vanish into thin air without a trace?
Who are the directors?

If the like of Buhari and Tinubu can deceive these people expect any type of scammer to deceive them successfully

Who are the promoters and directors?

Kaa4:
Where are CBN and FMBN in this?
Is it possible that a financial institution can vanish into thin air without a trace?
Who are the directors?

Hilarious questions. You are still new in the country, I guess.

Most women no dey hear word.

I advised my elder sister to instead open a mmf account if she wants to do Ajo or how do they spell that saving thing.... She's still saving with one woman that works about with red pen... If e happen to her, me go draw her ear and shout inside.

Nigerians do not learn. Never give your money to anybody or institution to invest for you. All of them are potential scammers.

Opay cannot run...a lot of people have taken loan they cannot afford to pay back

If Opay shut down, na dem go lose money

Moniepoint...I cannot say...I don't even like them

omoredia:
Same thing loading for opay and moniepoint

omoredia:
If the like of Buhari and Tinubu can deceive these people expect any type of scammer to deceive them successfully

This one never recovered from the shameful defeat his blother suffered at the polls.

Continue to wail in perpetuity.

Too bad. Never heard of them tho.

The wicked people left them souvenir.

See the pictures of their staffs sef, that go show you say na hungry company!

Kaa4:
Where are CBN and FMBN in this?
Is it possible that a financial institution can vanish into thin air without a trace?
Who are the directors?

They are not registered or license by CBN.

Nigerians don go mumu again. 😆😆😆
Nigerians are wise, Nigerians are wise
Keep deceiving yourselves
Greedy people

We4all:
Will Nigerians ever learn?

Why risk your funds with some of these mushroom investment platforms when there are other better alternatives?

If we risk our taxes to generate revenue for local, state and federal government officials to steal instead of employing workers to make services and utilities available for us, then why are you surprised that we lose money on mushroom investment platforms

chisomkachy:
Nigerian President Bola Tinubu’s first supplementary budget includes a fleet of SUVs for himself and his wife, a presidential yacht and the renovation of his villa amid a cost-of-living crisis for some of the poorest people in the world.

The proposal — which seeks additional funding beyond the annual budget approved by Tinubu’s predecessor — comes as the government asks Nigerians to persevere through pain caused in part by a raft of economic reforms ushered in by the new president. Africa’s most populous country faces rampant unemployment, soaring food prices and a plummeting currency.

Federal lawmakers approved the president’s request for extra spending on Thursday, but eliminated the provision of 5 billion naira ($6.01 million) to buy a presidential yacht. Instead, they doubled the allocation to a student loan fund to 10 billion naira, according Abubakar Bichi, chairman of an appropriations committee in the House of Representatives.

The lawmakers approved 1.5 billion-naira proposed to purchase SUVs for the office of First Lady Oluremi Tinubu — an amount larger than that allocated to many individual federal colleges. The supplementary budget also proposes almost 6 billion naira to purchase SUVs for the presidency — more than the amount initially allocated to fund a student loan program for poor families.


https://www.bloomberg.com/news/articles/2023-11-02/nigeria-budgets-for-suvs-and-yachts-amid-economic-hardship

I warned my wife,nothing can fetch you 50% interest, not to talk of 125%, curtail your greed.

Everyone who can use drag and drop app developers now think they can calim "fintech."


Una go taya.

zinaunreal:
Nigerians don go mumu again

Is this what we have always been, while thinking we are the smartest people on earth

Self centred people will always shortchange themselves.




https://www.youtube.com/watch?v=dMWUS1W_ITc&pp=0gcJCR4Bo7VqN5tD

They will never learn anything, if you like carry their money run 10 times, they will still invest for the 11th time

Glimpsetv:

https://www.youtube.com/watch?v=3bsLr4Wl6PA?si=QVz_-eIysWsViuGz

As people no dey hear word
Make we kuku dey our dey

I really feel for the affected women

Which investor? The only investor I know is Sabinus