Lagos traders protest N600m loss to Ponzi scheme - News Summed Up

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Lagos traders protest N600m loss to Ponzi scheme


A businesswoman, Chinyere Emeka-Atu, has been accused of defrauding traders and market women of over N600m in Lagos State. People from different parts of the country, who invested in the scheme, were reportedly divided into groups. Animashaun, prayed the court for additional 15 days to file proper charges at the High Court. Meanwhile, the aggrieved traders, who were outside the court with different placards, demanded a refund of their money. In January 2022, Emeka-Atu amended the constitution and said only members with 13 additional persons are entitled to N200,000.


Source: Punch April 25, 2022 11:24 UTC



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