OBUDU: Traders Groan As Wonder Bank Vanish With Cash

In Breaking News, Business, Business & Economy, Reports

By Israel Dunkan

A wonder bank, Mustard Rock Financial And Empowerment Scheme (MRFES) located in Obudu Local Government Government Area of Cross River State, has left traders in disarray over it’s disappearance with cash deposits belonging to traders.

MRFES is a new get rich quick scheme which landed Obudu January this year with a promise to give out loan to traders who invest with them.

The scheme which has lasted just a month is said to have gone round Obudu and Obanliku to collect money from traders who are interested in investing with them.

One of the victims, Mrs. Patience Agim said, “I sell tomatoes in the market, these people came to me last month and asked me to invest with them; that if I can save up to 20, 000 naira, I will be qualified to apply for a loan of 200, 000 naira in three weeks. They gave me a deposit voucher which I have been making payments in different denominations some times 6,000 and at most times 5,000. Today I’m here to get my loan of 200,000 but they are no where to be found.”

“We were grouped differently I do not know of other groups, but our group was named City Of Success. I was to get a loan of 200,000 thousand to facilitate my food business. I paid 1000 naira to get a deposit voucher and have made several payments since January. Today I’m here to get my loan as was told but it’s seams this was a scam,” another victim, Mrs. Glory Kayang explained.

Most victims claim the Mustard Rock Financial And Empowerment Scheme said their head office is situated in Port Harcourt, Rivers State while others said they where told it is in Makurdi, Benue State.

The scheme which branch office is situated at Number 47, Port Harcourt street, Obudu from a card issued to its victims had one Janet’s name as its C.O and with her mobile phone number as 07085679136.

As at press time, all efforts to reach Janet through the numbers provided on the card has been unsuccessful as they were are all switched off.

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