An alert by the anti-graft agency urged persons with information about them to contact any of its offices across Nigeria.
The Bribenas are the promoters of Baraza Multipurpose Cooperative Society Limited.
“We are dedicated to improving members’ lives via financial empowerment, business financing, thrift & credit, housing, scholarship, etc”, its profile reads.
Bribena, a Peoples Democratic Party (PDP) chieftain in Bayelsa State, is pastor at Christ Embassy Church.
He is accused of scamming thousands of billions of naira after promising a 25 percent Return on Investment (ROI) monthly.
In 2021, the victims repeatedly visited the company’s headquarters on Otiotio Road in Yenagoa to seek a refund. The EFCC has sealed the building.
The company also has branches in Port-Harcourt, the Rivers capital, and some other parts of the country.
Baraza had informed investors it was trading with their money on forex platforms but stopped after it could no longer pay returns.
Last July, Bribena released a video to debunk speculations that his health and business were failing.
“Ignore such news. If I did not faint since, is it now that I will faint? I don’t know whether some people are angry that Baraza could bounce back”, he said.
from dailypost
Another one bites the dust. You were not earning enough as a pastor and you went for a side hustle: scamming. It is well.
ReplyDeleteI knew this man wen i worked in Bayelsa. I was attending same church. Admirable family. Because of his reputation, almost the whole Bayelsa put all their live savings into this.. he was paying initially oh. I don't know what happened. Such a pity
DeleteE don happen again, Nigeria no de hear
ReplyDelete25% ROI monthly !!! Hahahahaha Greedy folks
ReplyDeleteAlso low intelligence and ignorant folks too
DeleteWe talked about this yesterday, greed is the motivation.
DeleteAnother ponzi scheme
ReplyDeleteNa wa for Nigerians o!
ReplyDelete😳😳😳
ReplyDeletePonzi scheme at it again.. Nigerians will never learn.. smh
ReplyDeletemostly due to,laziness and ignorance about how investment actually works
DeleteI always talk about the power of names. See their name has its root in the word, bribe. The message was right there in front of everyone. They couldn't help but be crooks
ReplyDeleteThe name is all I see
ReplyDeleteBribe na😂
Bribena! Wow! I love that name, a lot of the victims are highly educated people, I am not surprised because the way some people even chat on social media shows the level of their IQ, what a pity!
ReplyDeleteIQ is a factor
DeleteIt is Bribe na. Don't funkelize it.
DeleteWeldone
ReplyDeleteGreed is a deadly disease
ReplyDelete"25 percent Return on Investment (ROI) monthly.".
ReplyDeleteThe victims should also be arrested for being so greedy and daft.
As in.
Delete25%?????????
How much do banks give?
Alot of bayelsans fell for this scam. It further increased the state of poverty in Bayelsa state last yr.
ReplyDeleteMay God console the investors
ReplyDeleteEverybody in my office did this nonsense Baraza except me..I told them it was going to fail and it did. How can you put down 100k then you get 1.4 million at the end of one year? How do you expect to get 25%ROI monthly? But greed will not let them see the truth. This man was living large on pwople's money...donating hundreds of million every where. God will punish him for his wickedness. Bayelsa is a poor civil servant state and most of his customers had to borrow money to "invest"in his schemes. .some of them are still paying loans till date.
ReplyDelete