Rivers Ponzi scheme victims lament losses, demand operator’s arrest
Hundreds of Rivers residents who invested in a failed foreign exchange trading company stormed the Port Harcourt zonal office of the Economic and Financial Crimes Commission on Tuesday, demanding the arrest and prosecution of the operator.
The protesters alleged that the Chief Executive Officer of the company, known as Cafint Resources Limited, Samuel Okonkwo, defrauded them of billions of naira.
The investors, who carried placards and banners with different inscriptions, sought a refund of the money they put into the scheme.
Some of the inscriptions on the placards read, ‘A fraudster is not different from a terrorist’, ‘Enough is enough, give us our hard-earned money ‘, ‘Samuel Okonkwo, get ready to be a co-tenant to Hushpuppi,’ among others.
A protester, Ken Okorie, said trouble started when the operator of the scheme, which started in October 2020, promised to pay dividends months later, but failed to fulfil his…