LOOM CRASH: Nigerians storm headquarters to demand their money

Some Nigerians were spotted outside a building alleged to be the headquarters of Loom in Lagos, yesterday.

They reportedly stormed the location to demand for their money after the rumours of Loom Crash have been spreading around town.

Recall that Loom Investment is a Ponzi Scheme which involves a Peer to Peer Method without any central bank or visible investment.

However when investors visited their head office in Lagos yesterday 15th June 2018, they claimed that no staff was on ground to attend to them and the vicinity had been deserted since last week.

Recall that Mary Uduk, Acting Director-General of the Securities and Exchange Commission had in May, issued a warning to Nigerians, telling them to desist from investing their money in the online investment scheme. (Read that here)