Despite warnings from Nigeria’s Central Bank against patronage of Ponzi scheme, a Wonder bank aka MMM, posing as empowerment trading, investment agency has defrauded its customers of over N20 million in Sapele Local Government Area, of Delta State.
The wonder bank, Achievers Biz Economic and Development Scheme, located at number 44 Dedevwo road, Gana area, Sapele, opened its office a month ago, encouraging depositors to save up a certain amount after which they will be granted soft loan with about 300% of their savings, however, absconded after accumulating millions from unsuspecting customers.
The reality, however, dawned on the depositors at the weekend when news filtered out that some staff of the company were sighted the previous night carrying traveling bags and were in a hurry. Unable to reach out to the phone numbers provided,over 100 depositors besieged the office, waited for over 5 hours ,as the reality dawned on them that they have been duped, swindled.
Some angry clients broke into the wonder bank office, carting away office equipment like laptops air-conditioners and even generators. Mrs. Ese Oghenevwogaga, One of the victims, said her friends had contributed #900,000 to the agency after they promised to loan them four million naira which they were expected to pay back in installments.