Victims Lament Bitterly As Microfinance Bank Disappears With Customers’ Funds

Some residents have stormed the Mowe Police Station, Ogun State, last Thursday, after a microfinance company made away with their money.

The company had promised to give its customers loans after deposit but disappeared after receiving payments from many people in the area.

One of the victims, Funmilayo Adebayo, told The Punch that, “About three of us jointly contributed N50,000 which we paid to them because we wanted a loan of N150,000. I suffered while I was pregnant to get the money that I gave them. Now that I have put to bed and I need it, the money has been lost.”

Another victim, who identified herself as Nike, said she needed a loan of N200,000 and paid N24,000 to the company.

Mine is not even much compared to what some other people gave them. There was a woman that was crying at Lotto yesterday that she gave them N200,000 for a loan of N1m,” she added.

Morenike Ajayi, had applied for a loan of N200,000, to boost her catering business.

- Advertisement -
- Advertisement -spot_imgspot_imgspot_img

Latest article

Get up to 20k points when you share!
You get 50 points for every unique click when you share link.
Be the first to comment and earn 10 points.
User not found.
Drillogist March Raffle Draw
Login to get your daily rewards. Learn more
Don't have an account? Signup
Having issues logging in, send an email to [email protected]
[sc name="drollogist-alert"][/sc]