Some Nigerians who unsuspectingly invested their money with a promise of staggering Return On Investment (ROI) of 100 per cent and above have petitioned the Economic and Financial Crimes Commission (EFCC) to probe and prosecute the company, Themap.ng over alleged fraud.
The investors who disclosed their names and the amount invested were Agbonifo Ohis Iyawere who invested N3.340 million; Victor Okinedo N15.34 million; Chibueze Amuchie N800,000; Bazuaye John and family N25.081 million and Obiakor Elochukwu Pious and wife, N44,900,00.
LEADERSHIP gathered that some of the distraught investors had since taken their own lives while others attempted suicide when it became clear that the investment plans which were well publicised in both critical and online media were just a ruse.
According to one of the investors, a victim he simply identified as Stephen committed suicide while several others including a student, Enokela Monday, drank poisonous substances in dire suicide motive; having been convinced that they had been defrauded.
In an open letter to the EFCC chairman, Mr Abdulrasheed Bawa, which was copied to the National Assembly’s Committees on Public Complaints and the Security and Exchange Commission (SEC), some of the aggrieved investors said, “The unraveling of the suspected Ponzi scheme all started in the first week of October 2020, when suddenly, the company started giving excuses why it could not pay.
The petitioners said the management of the company claimed, that “at first, that the Customer Relationship Management Investment (CRMI) was oversubscribed and that the company wanted to refund the excesses before payment could resume (however, they still accepted funds from some investors).
“Later, it said that the SEC has ordered it to refund all CRMI investors. After that, it was one story or the other, and the company went underground, claiming to have been involved in an accident, and continued hiding until it was learnt that EFCC officers had arrested them randomly.”