Tears flowed freely on the streets of Lagos this morning.
Hundreds of ordinary Nigerians, market women, okada riders, civil servants stood outside a ransacked office in utter despair. Their crime? Trusting Amby Savings and Loan with money meant for Christmas rice, school fees, and children’s clothes.
By the time they arrived at dawn on December 11, the place was already stripped bare. Computers gone. Files scattered. Safes empty. Even the plastic chairs had disappeared.
“They promised us 30% return before Christmas,” one woman sobbed into a stranger’s phone camera. “I brought ₦350,000 since March. Now my children will see nothing this December.”
Another man, voice cracking, shouted, “This is blood money! We worked under the sun for it!”
Videos spreading across WhatsApp and X show the painful truth: Amby was never registered with the Central Bank of Nigeria. Not on the list of licensed microfinance banks. Not anywhere.
Just another ghost company that collected daily and weekly contributions, flashed big smiles, then vanished when payout day came.
Some victims say the owner was popularly called “Uncle Amby” and drove a gleaming Lexus to the office every day, until three days ago when his lines went dead.
Police eventually arrived around 10 a.m., but only to control the crowd. No arrests. No recovered funds. Just the familiar bitter taste of another Ponzi Christmas.
As one tearful investor put it: “Every year, new name, same story. When will we learn?”
For now, the only thing left at the Amby office is a faded “For Rent” sign and the echo of broken dreams.
Comments
No comments yet. Be the first to comment!