Calling off the Academic Staff Union of Universities strike — which has spanned over five months – would offer a glimmer of hope for students, but it would jolt Ike Anyanwukane, a student of the University of Calabar, back to harsh reality.
Olamilekan, who was overwhelmed with emotions as he narrated his ordeal, said he also received reassurance from his friend who introduced him to the business before he finally took the step. Then, he staked N700,000.Now, he has lost everything, while the renewal of his house rent is just in a few months’ time. Olamilekan doesn’t know where and whom he would turn to for help. Everything seems to be crashing before him.
Bettors with 86FB were required to pay money into designated bank accounts or online wallets. They were also mandated to predict unlikely match scores – popularly called anti-correct score betting. An investor told TheCable that they were paid whether their predictions were right or wrong.Things were going smoothly until March 20 when investors began to experience glitches on the platform.
Investors of the betting platform were left hanging. No access to the company and their funds. An investor, who identified himself as Henrysmart, said he had to refund the capital invested by three of his downlines in the company. 86FB told its old investors to deposit at least N10,000 into other investors’ bank accounts to be able to “reclaim” 30 per cent of old funds as well as 50 per cent ROI on new investments after six days – a “better and stronger” offer.
Another investor, who pleaded anonymity, said he reinvested in the company solely to get his old funds back. “I just want to give it a try. I have told my people not to do it until I get my money back,” he said.“They are scammers. They have even removed me from the group chat,” he said, saying a Telegram group was the only means of communication with the company.
He added that he only registered 86FB through Asiegbu, who often asks him to register companies on his behalf. On the other hand, Asiegbu denied inside knowledge of the operations of 86FB. He said Chinese investors usually get in touch with him typically to set up businesses in Nigeria. He said one of them introduced him to 86FB’s founders and “that is it”.
“We have put up notices to people that they should desist from patronising institutions not recognised or licensed by the CBN,” he said.When TheCable paid a visit to 86FB’s office in Victoria Island, Lagos, the company had been ejected from the facility.
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As to why, it is greed and stupidity among things.
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