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Investors worried billions gone as Pipminds cuts communication ties

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Investors in Emem Alban’s Pipminds International Ltd. are afraid of never recovering their funds from the forex trading company.

Pipminds first reneged on the contract it signed with its investors in February 2021, when it said it was having problems with its electronic payment platform. Since then, none of the investors have been paid.

In October, FIJ reported how Emem Alban, the company’s CEO, defrauded over 2,000 investors of billions of naira before going into hiding.

An investor who asked to simply be identified as ‘Omowunmi’ said some victims of the scheme had reported the matter to officials of the Economic and Financial Crimes Commission (EFCC) in Uyo, Akwa Ibom State, but no arrests had been made.

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Omowunmi said she invested N1.9m in Pipminds after she was given an assurance that her money was safe.

“They assured me that nothing would happen to my money,” she told FIJ.

“The memorandum of understanding stated that if anything happened to the company’s trading activities, they would refund my money while the company bore the loss.

“Now, we, the victims, are worried that we may never recover our money again after the organisation stopped communicating with us in November, 2021.”

Joseph Benjamin, another investor, said his N2 million is still with the company.

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“I have N2 million naira in investment with the organisation. When they asked us to verify our investment, I replied that same day with bank statements that showed I sent money to Pipminds as an investment capital,” Benjamin said.

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“However, ever since a reply was sent to acknowledge my mail, they have not returned our money.”

Benjamin, like other investors, believes no one is talking about the forex trading company or their money anymore. He also believes his funds as an investor may never return to him.

Despite the verification exercise the company carried out on its investors in November 2021, there are no signs that payments will be made anytime soon.

The company’s social media pages have since been inactive and phones have been turned off.

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OPC arrests two for stealing machine in Lagos

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Theheute-

Members of the Oodua People’s Congress, on Monday, arrested two men who allegedly stole a vulcanising machine from a store at Mile 12, in the Kosofe Local Government Area of Lagos State.

The Chief Security Officer of the Gani Adams-led faction of the OPC, Rotimi Obayemi, that the suspects confessed to stealing the machine after it was found with them.

He identified the suspects as Sanni Aminu, 30, and Ibrahim Salisu, 29.

Obayemi said, “I was called by the OPC chairman who told me that they had caught two thieves. On arrival, I interrogated the suspects in Hausa because they did not understand English. They both confessed that they broke into a store at Underbridge, Mile 12, and stole the machine.”

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Aminu, who claimed to be a wheelbarrow pusher at the Mile 12 Market, said, “I accompanied my brother last night. I didn’t know that he was going to steal the machine.”

The Lagos State Chairman, OPC, Okanlomo Adeniyi, said the police had been informed of the incident and that the suspects and the stolen machine would be handed over to the authorities.

Okanlomo said, “We have reported the case to the Ikeja division of the police command; they are on their way. We will hand over the suspects and the stolen machine to them when they get here.”

He noted that the case would be monitored to ensure that the machine was returned to its owner.

As of the time of filing this report, attempts to speak to the state Police Public Relations Officer, SP Benjamin Hundeyin, were unsuccessful.

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BREAKING: Kidnap kingpin, Evans, sentenced to 21 years imprisonment

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Kidnap kingpin Chukwudumeme Onwuamadike, also known as Evans, and his co-defendant, Victor Aduba, have been sentenced to 21 years imprisonment for kidnapping one Sylvanus Hafia.

The sentence was issued by Justice Oluwatoyin Taiwo of the Ikeja Special Offences Court on Monday.

Both convicts had been accused of conspiring and kidnapping Sylvanus Ahanonu Hafia at about 5:30 pm on June 23, 2014, at Kara Street, Amuwo Odofin in Lagos.

After succeeding with the abduction, they demanded $2 million as ransome.

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Pleading not guilty, Justice Taiwo proceeded with the sentence on the grounds that it would serve as a deterrent to other aspiring kidnappers.

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Flutterwave accused of data breach, unauthorise access to customer account (Photos)

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An investigative journalist and Twitter lord, David Hundeyin, has again attacked Flutterwave over data breach and unathourised access to his inactive Barter account, a lifestyle payments solution by the company.

This won’t be the first time Hundeyin would be dragging the fintech company. Recall that Freelanews reports how Flutterwave’s CEO was being investigated over allegations of financial misconduct as a result of an exclusive report by the controversial journalist.

In a series of post on his Twitter handle, Hundeyin claimed his account was logged into and threatened the platform of serious consequences if any fraud is perpetrated by impersonating him.

“Hi @theflutterwave. I have sent an email requesting immediate deactivation of my inactive Barter account.

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“Someone has somehow gained access to that account without hacking my email which is impossible without an internal data breach from your end,” he wrote.

whatsapp image 2022 09 14 at 4.38.12 pm (1)

whatsapp image 2022 09 14 at 4.38.12 pm

While analysing the break-in, the journalist explained that his username was messed with.

“The person logged into my Barter account which is paired to a Wema Bank account linked to my BVN (which is viewable under the ‘security’ tab), and changed the name on the account.

“I cannot begin to describe the amount of trouble you are in if any fraud is carried out in my name,” he submitted.

whatsapp image 2022 09 14 at 4.38.31 pm

whatsapp image 2022 09 14 at 4.38.31 pm (1)

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