Investor commits suicide as 2,000 Nigerians fall victim to suspected Ponzi scheme

Chiemelie Ezeobi

Stephen, an investor (last name withheld) recently committed suicide after being the victim of an alleged Ponzi scheme where he invested resources he borrowed from the bank.

The deceased was among more than 2,000 people who fell victim to the scheme led by a certain Anyannso Mma from

Another victim, Enokela Monday, a 100-level student at Air Force Institution of Technology Kaduna, revealed that he also attempted suicide.

He is said to have invested 1.5 million naira, an amount to pay for his school fees, the rent his brother had given him, as well as a loan he had obtained from his friend, in the business.

According to him, the company was introduced to his brother, who remains in Dubai, when he came to visit him.

“I accompanied him to Ikeja where he paid for the investment. He gave me money for house rent, school fees, and pocket money. He also gave me money for my mother and my siblings.

“I begged him to add money for me so that I could also pay for CRMI’s promotional investment. He obliged. I invested all the money that was given to me in the business in addition to a loan from my best friend from Nigeria Defense Academy.

“The total amount I paid into the company’s UBA account was 1.5 million naira. Today my friend sees me as a bad person, he thinks I cheated on him.
As I speak to you, I cannot afford my tuition, rent, and money to offset the loan I have taken from my family, including my friends.

“In my frustration, I drank a certain amount of toxic liquid substance. Without the help of my girlfriend who was there, I would have been a forgotten problem. She gave me enough palm oil to revive me.

“My brother couldn’t return to Dubai. He stayed behind to monitor the situation. He said he couldn’t return to Dubai because part of the money he invested in the business was a loan he collected from his friends there. My family is restless, we can barely feed ourselves. Depression sets in, ”he said.

Other victims like Agbonifo Ohis Iya were,
Victor Okinedo, Chibueze Amuchie, Bazuaye John and their family, as well as Obiakor Elochukwu Pious and his wife, would have invested thousands and millions for the sum of 3,340,000 N, 15,340,000 N, 800,000 N, 25, 081 000 N and 44 N., 900.00 respectively.

The promised them a tempting return on investment (ROI) in their advertising placed by the company on radio stations, podcasts and via other social media influencers.

The call for investment of funds concerned the various investment plans of the company, in particular: logistics / bicycle investment, investment in customer relationship management (CRMI), investment in educational virtual reality for students (VR) , investment in site sponsorship; real estate and independent investment.

They were expected to achieve a return on investment of between 60% and 110% depending on the investment plan and duration.

To verify the authenticity of the investment, investors said they visited the company’s Ikeja and Lekki offices in Lagos as well as Abuja, depending on which part of the country they resided.

They said staff and few motorcycles were seen on the premises and along the road, making them feel like they were investing in a real business.

They said their confidence was further boosted with the high-profile remittances made to early investors.

But the first signal that pointed to future trouble for investors came last year, when the company, according to investors, began to apologize for paying the promised return on investment.

When they finally figured out that it was a Ponzi scheme, one of the investors allegedly committed suicide.

About three other investors, including David (last name withheld), also attempted suicide when they could not resist the bombing of their banks, where they took out loans.

In an attempt to get their money back, some of the aggrieved investors alerted the Economic and Financial Crimes Commission (EFCC), the Presidency, the House of Representatives and Senate committees on public complaints and the Securities and Exchange Commission, among other governments concerned. body.

In an open letter to EFCC President Mr. Abdulrasheed Bawa, some of the aggrieved investors said: funds accepted from some investors).

“Later he said the SEC ordered him to reimburse all of CRMI’s investors. After that it was a story or the other and the Managing Director / CEO, Mr. Anyannso Mma went into hiding, claiming to have been involved in an accident, and continued in hiding until that we learn that the agents of the EFCC had arrested him at random. .

“EFCC agents held him in a detention center in his office in Okotie-Eboh, Ikoyi, for about a month, and then released him on December 22, 2020. Before his release, he promised to investors that upon his release, he would sell part of the assets in which he embezzled investors’ money and pay investors.

“Much to the chagrin of investors, after his release he made it clear that the EFCC asked him not to meet or communicate with investors. This, the EFCC denied. Again, he said the EFCC did not unblock the company’s account as well as his personal account.

“It is interesting that Anyannso Mma, on several occasions, made it clear that he was not the enemy. Rather, our common enemy being the EFCC, is the reason it hasn’t paid investors. He encouraged investors to demonstrate against the EFCC at the Okotie-Eboh office in Ikoyi to release his assets and unfreeze his company and personal accounts.

“With around 7.5 billion naira of investor funds (by Anyanso’s own admission) still under its firm hand, EFCC Lagos has been on the matter for months without prosecution, saying they are investigating always on him We implore you to act in the best interests of innocent investors.

“In addition, Anyannso Mma admitted to using some people’s bank accounts to receive funds since the EFCC had restricted their bank accounts. He also admitted that he used investor funds to invest heavily in properties.

“It will interest you to know that on three occasions investors have offered to help Anyannso Mma release his properties which he claimed to have been seized by the EFCC, but Anyanso Mma only accepts verbally, but does not show up. never with the conditions given by the investors. .

“These conditions are as follows: Anyannso Mma will provide a memorandum of understanding providing for payment commitments, using the assets as collateral if it does not make payments afterwards; That he include the payment plan in this MoU and that he send this MoU to our various lawyers for examination before adoption

“Anyannso Mma could disappear with all the money if EFCC released the assets and unblocked its account without investors being blown away, especially in light of the fact that and Anyannso Mma are holding investors in secret.

“While there is no doubt that the EFCC has no collaboration with Mr. Anyannso Mma and to wipe out investor funds, the agency’s long delay in suing Anyannso Mma or releasing / unblocking them. investor funds and assets purchased with investors “funds to alleviate the plight of investors make many investors believe otherwise”.

“We investors call on EFCC President Mr. Abdulrasheed Bawa to come to our aid as our only hope for justice for investors to ensure that all investors’ money is returned. “

Attempts to reach Mr. Anyannso Mma on his mobile line were unsuccessful and that of his wife, Chiamaka Mma, was also cut off.

However, EFCC media and publicity manager Mr. Wilson Uwujaren said: “All I can say is that the case is still under investigation.”

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