Dozens of distressed Nigerians gathered outside the locked office of Amby Savings and Loan in Ikeja after the unlicensed savings platform abruptly shut down, allegedly disappearing with millions of naira belonging to investors just weeks before the holiday season.
A video from the scene shows a crowd of aggrieved customers, though the exact number remains unclear.
At one point, a woman is heard crying out for help in Yoruba as she films the deserted premises of the company.
The incident has triggered widespread anger online, renewing concerns about the dangers of patronising unverified savings and loan outfits and exposing the financial vulnerability of everyday Nigerians who fall victim to such schemes.
The Securities and Exchange Commission (SEC) has advised the public to verify the registration status of investment platforms through the commission’s dedicated portal, www.sec.gov.ng/cmos, before transacting.
See the video below:
https://x.com/i/status/1999158025983246338
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