Funaab student scams professors and students of N6B through ponzi scheme

Forum 4 years ago

Funaab student scams professors and students of N6B through ponzi scheme

Staff and students of the  Federal University of Agriculture Abeokuta (FUNAAB) have been left cursing their lucks after an undergraduate student duped them to the tune of of 6billion naira in a forex scam gone wrong.

The student identified as Nwabuba Victor Ifeanyi of Vickson enterprise was operating a quasi ponzi scheme in the form of a forex investment. Investors were promised a mouth watering 20% return on investment after just two weeks.

The scheme is believed to have been operating for about 3months now, and he has been paying out. Trouble however started when lately he could no longer keep up with payments and that sent the alarm bells ringing.

He was also discovered to have perfected plans to make away with investors’ money, which summed up to 6 billion Nigerian Naira.