Piggyvest Bamise ImagineLenders scam allegation: Report claiming Piggyvest lost N2billion in an alleged Bamise ImagineLenders scam trending on Instagram has been described as completely false and unfounded by Piggyvest.
The Piggyvest Bamise scam allegation started after an Instagram user @trapselena alleged that Piggyvest and some other top organizations in Nigeria invested in the company, Imagine Lenders managed by Bamise and his wife, Elizabeth.
It is alleged that the couple is currently on the run with billions of Naira in investors’ funds, while efforts are being made by some persons to track them down in the United Kingdom where it is believed they have been hiding.
Piggyvest reacting to the alleged Bamise ImagineLenders scam has reassured their customers saying all Piggyvest user funds remain safe and secure as always.
Instagram user @trapselena wrote:
Just like MMM, Muyiwa, and Glory Osei, MBA, etc, another financial fraud couple have struck again.
Nigerians will never learn.
This couple Bamise and Elizabeth are currently on the run with monies of Nigerians running into billions.
The man operates a micro-lending platform for small and medium-scale traders. He collects money from investors, lends to the traders at 22percent interest then returns 10 percent of the profit to investors monthly.
The lady is one of the clique members of Naija brand chic them and she runs a domestic staffing platform for hiring help. For the past couple of months, investors have neither seen their money nor heard from them.
At this point now, both couple are in hiding and are possibly out of the country as they have investments outside Nigeria. They have a house in Dubai and one in the UK. Late last year they bought citizenship to Antigua and Barbuda for themselves and two kids.
The lady is enrolled in East London University UK. Total exposure from people that are known is currently to the tune of 22 billion Naira and more people are still coming out.
There is an ongoing recovery WhatsApp group I hear is filling up and they are being tracked in the UK as people have started filing with efcc to connect with Interpol to fish them out.
However, in their response to the allegation, Piggyvest stated that the claims are false and baseless.