Ponzi Scheme:FUNAAB Student, Lecturers In Dilemma As Undergraduate Flees With N6bn
LAGOS FEBRUARY 6TH (NEWSRANGERS)-An undergraduate of the Federal University of Agriculture, Abeokuta (FUNAAB) has duped his colleague, professors, lecturers of six billion naira in a forex scam gone wrong.
Mr. Nwabuba Victor Ifeanyi of Vickson enterprise, runs a forex investment scheme that attracts investors to receive 20% of their money back after 2-weeks of investing.
The scheme has been running for about 3-months now and he has been paying out, but late yesterday it was discovered that he had plans of running away with investors’ money, which summed up to 6 billion Naira.
He has not been able to pay his investors for the past 2-days which got everyone involved worried as to the recent development. Other middlemen in the scheme are currently in debt because he failed to deliver within the past few days.
A reliable source disclosed that professors, lecturers, students and some outsiders got involved in this scheme.
He was however caught on his way to Dubai on Tuesday 4th of February 2020 and is currently in police detention.
More details later…
Short URL: https://newsrangers.com/?p=43675
Posted by News Rangers
on Feb 6 2020. Filed under National.
You can follow any responses to this entry through the RSS 2.0.
You can leave a response or trackback to this entry
