Home News Investors in Shock as Bitcoin Company Runs Away with their money in...

Investors in Shock as Bitcoin Company Runs Away with their money in Calabar


A Bitcoin firm in Calabar has closed up their office and ran away with their investors’ fund. Which amount to millions of Naira.

The Guardian newspaper has reported that as early as 8 am on Friday, customers went to the firm’s office that’s located on Bassey Duke only to found out that the firm had closed their shop and disappear with their money.

A countless number of phone calls were made by the customers but no response from the firm officials that had commenced operations about eight weeks ago, collecting money from their clients and giving them a whopping 30 percent extra after seven days of trading their money online.

According to an eyewitness to the incident, investors could be seen breaking into the firm’s office and laying their hands on the company’s properties to serve as a minor compensation for their lost funds.

The premises of the firm that occupied few rooms in the Bassey Duke shopping mall was taken over by frustrated customers and one of them who gave his name as Ifeanyi said:

“This is things fall apart. I put in over N2.5million and now everything is gone.”

Another customer, cried profusely, revealing he had invested N5 million said this:

“I saw people collecting 30 per cent interest after one week that is why I also put in money. A huge part of the money I put in was even borrowed”.

Some NYSC members also invested in the bitcoin scheme and one of them said she put in N1.5 million and it was all her money that she has in her entire life.

Another corper who put in N150,000, said:

“That money was all the money I saved in this my service year. This is painful, I thought I could do ‘business’ and help myself and my poor family”

It was revealed that thousands of people have invested in the online bitcoin programme.

“The crowd you are seeing today are just a few that have come to get their money. They made millions and disappeared with our money. I don’t know why we would never learn. MMM and the likes that promises quick profit have duped us in the past, yet we keep falling for them, including me. I put in N500,000 into this one and now see my money has gone down the drain.”

There were tantrums in the area as a lot of people could be seen restless and crying over their money. Soldiers were reported to have arrived at the scene later in the afternoon to drive people away.


Please enter your comment!
Please enter your name here