Couple, others lose N5.4m to online investment platform

    Published By:

    Couple and other reportedly lost over N5.4 million to an online investment site that crashed when they were supposed to withdraw their money.

    Narrating their ordeals in a separate interview with the Punch on Friday, one of the victims, Abdulfatai Oluwashina in Kwara said he was introduced to the cryptocurrency mining platform by his friend, Bilikisu Dada.

    Oluwashina who also referred his wife said he lost N1.8m while his wife lost N550,000 to the scheme.

    He said: “I started on February 7, 2023, till May 20. The money I lost to the scheme is about N1.8m.

    “On May 20 when the site crashed, I unknowingly put an additional N250,000. The profit is meant to be reaped gradually. If you put money now, you would start reaping the following day. But the way they structured it, if you put in N300,000, you cannot reap up to N80,000 till the time they introduce another investment.

    They know Nigerians are gullible. Most of us are gullible. If you put in N300,000 now, when you reap up to N100,000, they will introduce another machine such that you would not withdraw that money. You would buy another machine or even add more money. We were trapped in that something.

    My total investment was about N3m but I was able to withdraw some, I have about N1.8m with them now. I referred my wife who also lost N550,000.”

    He added that on May 20, the online platform went blank with ‘Bank service upgrading’ written on the site. “The system is now crashed and it is no longer opening.”

    Bilikisu, who introduced Abdulfatai said, “I was a victim too. Our money went like that. I invested about N1.3m. They started in November 2022 to April 2023. I don’t know anywhere to report to. They are into mining cryptocurrency. The people who fell victim that I know are more than 20. I got to know about the platform online.”

    Another victim, Ojo Oluwaseun, who is based in Maiduguri, said, “We were thinking it was a legitimate investment. They told us they had some machine that is like Bitcoin. We downloaded their application from PlayStore. I invested up to N1.5m. A lot of my friends invested more than that. I referred many people. I started with them in March. I was able to withdraw N60,000 and N180,000 the first and second time respectively.”

    Queen Ferry
    Queen Ferry
    Chinyere Treasure Ikechukwu known professionally as Queen Ferry, is a Nigerian business Executive, Journalist and Content Editor. She serves as the Vice-Chairman of Naijatraffic Limited. If Treasure is not blogging, she will be making delicious delicacy.

    Most Popular Read

    I want to collaborate with Nicki Minaj and Megan Thee Stallion – Rema

    Afrobeats award-winning singer, Divine Ikubor popularly known as Rema, says he wants to collaborate with American stars like Nicki Minaj and Megan Thee Stallion. The...

    Funke Akindele and ex-husband melt hearts as they hug and dance at an event 1 year after separation

    Nigerian actress and producer Funke Akindele and husband JJC Skillz spark reconciliation as they dance and hug at an event one year after separation. They...

    Actress Cindy Amadi is dead 

    Upcoming Nollywood actress, Cindy Amadi, who is known for her role in the lesbain-themed movie titled, 'Ife' reportedly passed away on Thursday. Amadi's death was...

    Nelson Mandela’s granddaughter, Zoleka dies of cancer at 43

    Zoleka Mandela, the granddaughter of anti-apartheid activist Nelson Mandela, has died at the age of 43, after battling with cancer. Zoleka was admitted into hospital on...

    I’ll like to collaborate with Kanye West – Asake 

    Popular Nigerian singer, Ahmed Ololade, professionally known as Asake has named American rapper, Kanye West as his dream collaborator. The award-winning singer in an interview...

    People tag Mohbad’s Father evil because his a poor man – Seun Kuti

    Popular Afrobeat singer Seun Kuti slams those condemning Mohbad’s father, for burying him in a rush. Wakadaily had reports that Mohbad, who died on September...

    Gabon: Expect more military coups in Africa – Femi Fani Kayode warns

    Former Minister of Aviation, Femi Fani-Kayode, in his reaction to the coup in Gabon, says there would be more military coups in French-speaking West...

    Finally, Naira Marley opens up on Mohbad, Sam Larry, others (Video) 

    Nigerian singer, Naira Marley has finally opened up on his relationship with his former label signee, Ilerioluwa Oladimeji Aloba, popularly known as Mohbad. The singer...

    Papaya Ex is allegedly 2 weeks pregnant – influencer Fumi reveals

    Popular Nigeria Instagram influencer Papaya Ex is allegedly reported to be two weeks pregnant. This news was made known by popular influencer Funmi, who dropped...

    Fire guts 5-storey building in Anambra 

    Fire on Wednesday night gutted in a five-bedroom duplex in Agu-Aba layout, Mopol Base, Agu Awka, Anambra State. The Director/Fire Chief, Anambra Fire Service, Engr....