Wednesday, 12 April 2017

Kaduna investors demand release of N4bn trapped in GFI ponzi-scheme

About 60,000 investors in Kaduna who lodged their money with Cash Flow Global Fund Investment (GFI) have demanded immediate disbursement of their N4bn trapped in a bank. Speaking to newsmen in Kaduna on behalf of the Group of investors, the Chairman, Mr, Saddat Mahmood said they learnt that EFCC blocked their money because the manager of the GFI investment, Dr. Philemon Ibrahim Gora, did not register with Security and Exchange Commission (SEC). According to Mahmood, Gora was operating with over seven billion naira which had exceeded the amount which drew the attention of EFCC. The investors stressed that they were made told that the investigation had been concluded and their names were submitted as a proof that they are the owners of the money. Mahmood also said that the present Attorney General of the Federation, Malami Abubakar had intervened and directed for the re-opening of the said account. He said, “this shows that the federal government is a government that is sensitive to the sufferings of Nigerians and hoped that all those who are alive and those that are dead will be paid soon.” Also speaking, the Public Relations Officer, Mr. Victor Bobai, assured that their dead members whose money were trapped in the bank will receive it through their next of kins. Bobai stressed that any group saying there are representing anybody to get our money are fraudsters.


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