₦airaland Forum

Brownshoe:
download Barter app from app store

Barter app virtual card service has been disabled for months now, be sure of something before posting.

godoluwa:
I laughed in Swahili

You are day dreaming bro

That guy is probably out of this country as we speak

DSS will not watch you, they go after you when case is established

The guy is not buying any fuccking dollar at official rate, he only play with your brain

What he did is pure Ponzi scheme & resellers are part of the game

Read this shirt thread of mine to have clear knowledge

https://www.nairaland.com/7440514/those-invested-hybitrage-professional-fools

Lol, no point arguing with you. Abeg report me to DSS tell them say i be terrorist make them come arrest me so that i go sue them for like 500m since according to you DSS go just arrest anybody immediately. I'm very sure some resellers will be happy to be arrested so they can cash out by suing.

godoluwa:
Watching?

This must be joke

DSS will not watch you, rather they arrest you immediately

Law enforcement agent don't think like civilian thinks because they were trained not to

See, stop all this consolation and face the reality

The guy don scammed you guys for good, I doubt he's still in Nigeria as we speak

Your money don enter voicemail

Honestly his modus operandi is the most cheapest scam that only fools will fall for

You buy on his platform, you cannot sell to anybody except you sell on his platform again

He sells to you at lowest rate using his cronies as resellers on.whatsapp/telegram while he buys from you guys on his platform at a price higher than what you guys buys from his vendors(cronies)

This is a local yahoo orchestrated by Yahoo boys who are unable to defraud oyinbo and most of them lives around you

If he's sure if selling usd at higher rate, he will rather go and take huge loans and buy from his vendors and use everything himself

Dollar that you can't use to shop online, you can't withdraw to a USD account, you can't transfer to usd account

Does that makes any sense to you?

DSS can't just arrest you immediately, investigation and observation has to be done, when they have all they need that's when they arrest. Hushpuppy wasn't arrested immediately, they had to get everything right before arresting. DSS is probably just watching Emmanuel Idowo stack all the money he has stolen in his house because operating a bank account will be stupid of him if he really scammed people so when they hit him they'll have enough solid evidence on him.

Anybody could become a reseller on his platform so the resellers aren't in on the scam, Emmanuel Idowu is the only scammer.

Here is exactly what i feel happened. He was getting dollars at CBN rate using card arbitrage from a bank app that allowed creation of unlimited virtual cards because of the $20 limit CBN put on cards. He then used a stripe account to create a link he will use those cards to pay to. He then will withdraw the money from his stripe to a uk wise account. He will then go to binance and buy usdt using his wise account. He then sells the usdt to naira which is blackmarket rate on binance. That's the money he will then use to pay people that bought dollars from his site and he takes 10%.

The virtual card bank app he was using stopped working and instead of him to pause or totally stop all sales on his platform and ask resellers to refund the money buyers sent them then he will also refund the money resellers sent him he decided to sit on the money hoping the virtual card bank app he was using will start working again which didn't happen.

Three things are happening now, either Emmanuel Idowu is still sitting on the money waiting for the virtual bank card to start working again so he can get 10% from the exchanges or he has decided to run with the money or he's gathering more money to be able to refund everyone.

That Emmanuel Idowu thought he was smart by telling people not to get authorities like DSS involved, saying that if he gets arrested it will not only be him that face the law but also every person that used his platform. What a foolish man, he doesn't know arbitrage business is not against the law and we members just used his platform so we did nothing wrong. He will face the consequences alone because he used a business that is not against the law to scam people. Emmanuel Idowu will face the consequences of his actions alone one way or the other.

godoluwa:
Then they are mumu or they are just blabbing

Why wait till month end instead of instant

The whole system is PURE FRAUD

They are not mumu or blabbing. According to them the DSS are watching Emmanuel Idowu almost 24/7 so if they make any move the DSS will catch them. The DSS wants to arrest Emmanuel Idowu while these guys want to hurt him really bad like removing his legs, they don't plan on killing him, just make him suffer for life. They also know the locations of his family, if the DSS gets him before they do, they will go for the closest people to him in his family. Another reason is that Emmanuel Idowu said the problem won't last up to a month, by the end of this month it will be a month. I think it's ok for both the DSS and these guys to wait till the end of the month.

Good news, Emmanuel Idowu has been tracked along with his family. The people who tracked him are patiently waiting for the end of the month, if by the end of the month he doesn't refund people's money, they will strike. If he dares make any move to change location they will also strike. Only painful death or jail awaits Emmanuel Idowu if he doesn't refund back people's money.

Mcloving98:
He has run away with almost 500m. I calculated it.

That guy is heartless, i know of someone who just died due to frustration from what Emmanuel Idowu did. There may be more who have died because of this scam. How did you calculate it?

Morningstarrr:
He wasn’t getting USD anywhere, he was using new comers imaginary purchases to settle those that have carried out initial imaginary purchases. That’s why his ads was massive. All Na format

He was getting USD but how he was getting it got blocked that's why his platform crashed. If he was doing what you say he was doing why did he stop knowing that he will be dragged all over the place by people if he stops paying. He could continue running the ads forever and all this backlash he's getting won't happen.

I was also doing arbitrage till the method i used to get my usd got blocked so i came across his platform and was paid 3 times successful. The 4th payment is yet to happen and am almost certain it won't happen because he has closed the site, blocked all whatsapp groups and he's line is no longer going through. He's Greed and foolishness turned him into a scammer.

Slyprof:
The main issues now are

1. Hybitrage website has been closed
2. Emmanuel's WhatsApp is offline now
3. He has refused to give update in the group platform recently.
Conclusion - we have been scammed, let's just move on people.

I have over 200k in there. That Emmanuel Idowu will never know peace.

ismailzerex:
Its a shame that Nigerian youths don't subscribe to the fact that,''YOU NEED TO PROVIDE GOODS OR SERVICES'' in order to get paid...

leave ponzy alone,it'll always end in tears ...

The thing is that it wasn't a ponzy scheme. The runner of the platform had a method of getting dollars online legitimately at cbn rate, then when the method stopped working, instead of him to immediately terminate or pause any activity done on the platform, he allowed activities to still be going on, maybe he was hopping the method he used to get dollars online at cbn rate will start working again but unfortunately that wasn't the case. THIS DOESN'T CHANGE THE FACT THAT HE'S STILL A SCAMMER, FOR NOT PAYING OR REFUNDING PEOPLES MONEY.

Morningstarrr:
Hope you’ve been paid?

No, i haven't been paid. The person running the platform just keeps telling stories about how people want to get him arrested. He hasn't paid just telling multiple stories. The way things are going he has successfully scammed us.

Have you been payed? My money is also in there.