FG Talks About Loom Money Crashing
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FG Talks About Loom Money Crashing

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FG Talks About Loom Money Crashing

The NIGERIA NEWS recalls having reported when the Securities and Exchange Commission, SEC, caution Nigerians not be involved in a Ponzi scheme termed ”Loom Money Nigeria” and relate it to exactly like MMM which crash towards the ending of 2017. Loom Money Nigeria has begun to crash in the same pattern as MMM, as the participants are bitterly complaining about the withdrawal of cash to be slow.

FG Speaks Loom Money Nigeria & Online Scheme

The Acting Director-General of the SEC, Mrs. Mary Uduk, make the announcement, regarding Loom has a pyramid scheme anyone who is not ready his/her hard earns money, not to invest in such fraud scheme.

The Loom is a Ponzi scheme as it does not possess any product or services offered that would make the company balance and be able to share profit but yet Nigerians who are looking for fast money in any way trooped into it.

FG Talks About Loom Money Crashing

The SEC Acting Director-General make a statement some weeks ago concerning the Ponzi scheme as quoted below:

“We are aware of the activities of an online investment scheme tagged ‘Loom Money Nigeria’. The platform has embarked on an aggressive online media campaign on Facebook and WhatsApp to lure the investing public to participate by joining various Loom WhatsApp groups to invest as N1000 and N13,000 and get as much as 8 times the value of the investment in 48 hours.

Read More About The Ponzi Scheme Here

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Umar Ganduje Has Taken An Aggressive Move On The Alleged Missing N6.8M At The Zoo (Full Details)

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Umar Ganduje Has Taken An Aggressive Move On The Alleged Missing N6.8M At The Zoo (Full Details)

The Kano state Governor, Abdullahi Umar Ganduje has taken a step on the alleged Gorilla that swallows the sum of 6.8 million naira at the Zoo, NIGERIA NEWS reports.

The incident which happened during the Eid-Fitr celebration and this has made the Governor of the state, Umar Ganduje to reacts in giving an order to get to the root of the matter.

According to the report gathered from the Managing Director of the Zoo, Umar Kobo, he narrated the ordeals by stating that:

“The issue is under investigations for now and I don’t want to say anything on the matter, many journalists have come to meet me but I don’t want to talk anything.

“What I can confirm is that money is missing.”

The Police representative in Kano, Abdullahi Haruna reveal the reports which state that 10 people that were on duty when the incident occurred have been apprehended and the investigation into the root of the matter is currently ongoing.

Mr. Haruna states as quoted below:

“Yes, it is true that money from five days of Sallah festivities is missing from the Kano zoo

“As at now, we have arrested 10 members of staff of the zoo including the security man and those working in the finance unit.”

The NIGERIA NEWS earlier reports that Ganduje has instructed the Anti-corruption commission to probe anyone involved in the incident. The order was reported by the Chief Press Secretary to the Governor, Abba Anwar.

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Atiku Abubakar Is Not A Threat To Democracy But Believes In The Rule Of Law – Paul Ibe

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Atiku Abubakar Is Not A Threat To Democracy But Believes In The Rule Of Law - Paul Ibe

The Presidential Candidate for the People’s Democratic Party, PDP, in the last Nigeria Presidential Election, Atiku Abubakar recently states that he saw a signal to be arrested, NIGERIA NEWS reports.

However, Atiku media spokesperson, Paul Ibe states this on Sunday.

Besides, the accusation of Atiku about the Independent National Electoral Commission, INEC conduct of the election, he is tagged to be a threat to the current administration.

His Spokesperson is quoted saying, “I wish to emphatically state that such a statement did not emanate from Atiku Abubakar or his privies.

“It is the work of mischief makers who want to mar his spotless pro-democratic record and lay the groundwork for their threatened actions against him on false charges of being a threat to national security.

“For the avoidance of doubt, Atiku Abubakar believes in the rule of law and in the laws of the Federal Republic of Nigeria. In his almost four decades in politics, he has never taken action or spoken words against democracy and will not start now.

“Atiku Abubakar and his team have confidence in God and thus call on those bent on mischief to have the fear of God and retrace their steps.

Ibe then finally stated that:

“Democracy has come to stay in Nigeria. The culture of fear being created now cannot rein in our democracy. Nigeria and Nigerians have a consistent history of outlasting tyranny and will continue to do so by the grace of God.”

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