Ekiti fumes as loan firm swindles hundreds of residents

The Ekiti State Government said on Monday that it would leave no stone unturned to apprehend members of a loan scheme agency, exposed in a viral video to have allegedly swindled some unsuspecting persons of their money in the state.

According to the wailing victims in the viral video, the agency, which operated under an initiative scheme, which had allegedly deceived them with promises of loan facilities, had disappeared after collecting money from the unsuspecting traders and artisans.

The state Commissioner for Information, Akinbowale Omole, said, “Relevant security agencies are already on their trail.”

He emphasised the Governor Kayode Fayemi administration’s zero tolerance for criminal activities in the state.

Omole, in a statement in Ado Ekiti said, “The viral video of some women in the state that were allegedly swindled by a company operating under the name of an initiative scheme, is unfortunate and sad.

The commissioner, who stressed the need to avoid such unknown entities to prevent being scammed of their hard-earned money, cautioned residents “against transacting business with unverified and faceless individuals or organisations that are going about swindling innocent people under the guise of giving out juicy loans.”

The commissioner also advised people in the state “to make proper enquiries at the state Ministry of Trade and Industry for possible loans for small and medium scale businesses to avoid falling prey to fraudsters.”