Skip to content
Calitown

Calitown

News, Here, Everytime!

  • Home
  • News
    • Cross River News
  • Features
  • Community
  • Inspirational
  • Toggle search form
  • PRESS RELEASE: Disregard The Latest Mischief Against Peter Akpanke News
  • Rep. Akpanke vs. Boniface Adie: Separating Truth From Falsehood News
  • OBO Reps Member Reacts To Passing Of Constituent, Intervenes To Save Twins Left Behind News
  • C’River Senator Raises Hope As Bulldozers Begin Work On Ring Road News
  • Osogi Keeps Promise, Doles Out N15 Million Education Scholarship For Yakurr Students News
  • The Ranking Passenger: Why Ten Years Is Enough! News
  • Gov Otu Bags Honorary Doctorate From Modibbo Adama University News
  • Court Sentence: 33-Year-Old Man To Die For Robbery In Cross River State News

Is Michael Eke, Calabar’s Ponzi Scheme King?

Posted on October 2, 2018 By Admin No Comments on Is Michael Eke, Calabar’s Ponzi Scheme King?
Michael Eke

This is Michael Eke, the man who operated the Micheno Multipurpose Cooperative Society, MMCS, in Calabar, Cross River State.

Under the MMCS’ investment plan, members who deposited N100, 000 earned N150, 000 in 40 days; N200, 000 got N300, 000 in 40 days; N600, 000 got to earn N900, 000 in 40 days; N1million were to get N1.5 million in 40 days and N2 million earned N3 million in 40 days. Amounts higher can be invested but will be in multiples of 1 million.

It is believed that on the strength of these financial promises a whooping N27 billion in depositor funds entered Eke’s hands. The snag now is that these funds cannot be accounted for  while Eke has gone into hiding as apprehensive investors are confronted with the stark reality that their deposits are gone for good.

In the exclusive that we publish this Friday, October 5, 2018, we serve you something out of the ordinary; the transcriptions of a phone call we obtained, where Eke makes some startling revelations.

Don’t be told, make it a date as we continue to dig deep and serve you exclusive stories that stand www.calitown.com out.

Subscribe to Our Newsletter

Get the latest news, articles, and updates delivered straight to your inbox.

We don’t spam! Read our privacy policy for more info.

Check your inbox or spam folder to confirm your subscription.

Share this post:

Share on X (Twitter) Share on Facebook Share on Pinterest Share on LinkedIn Share on Email Share on WhatsApp Share on Telegram
Features, News Tags:Michael Eke, Micheno Multipurpose Cooperative Society

Post navigation

Previous Post: PDP Clears Jarigbe, Idagbo As Sole Candidates, Etaba May Battle
Next Post: It Is Finished, PDP Shuts Out Agara

Related Posts

  • “Common Sense Averted Gov. Ayade vs Calabar Monarch Imminent Feud” – Palace Sources Cross River News
  • Anger As CR Delegates To PDP Convention Allege They Were Shortchanged Cross River News
  • Plot Thickens As Boki II & Ikom II State Constituencies ‘Battle’ For CRSHA Speaker Position Cross River News
  • The Nigerian Olympics Challenge And The Way Forward News
  • Ayade And The Framework That Creates A Future Cross River News
  • Rome Moves Catholic Bishop Of Ogoja To Uyo News

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Recent Comments

  • Desmond Samson on C’River Senator Raises Hope As Bulldozers Begin Work On Ring Road
  • Wofai-Agbam on Cross River Politics, Christmas/New Year Rice & The Rest Of Us!
  • Fay on Former C’River Federal Lawmaker Essien Ayi Dumps PDP, Joins APC!
  • Edward on “Christmas Is Idolatrous And Unscriptural” – Kumuyi

ADVERT: Click to Watch!

https://calitown.com/wp-content/uploads/2017/10/VID-20170928-WA0003.mp4
  • “Sometimes We Need To Say Good Bye To Get Good Luck”: DC Enamhe To Ekpungu, New EFCC Secretary Cross River News
  • Ayade Wants Catholic Church To Wade Into Election Petitions Against Him Cross River News
  • CALABAR: Mob Tears WAEC & NIMC Offices Apart Cross River News
  • HORROR: Man Butchers Man To Death Over Girlfriend In Ogoja Cross River News
  • “I Watched My Father & Grandfather Killed” – CR Communal Clash Victim Cross River News
  • “I Reject This Suggestion”!: C’River Senator Replies Critic Who Wants Him To Run For Governor In 2027 Cross River News
  • 20% Cut In Salaries For Political Appointees In C’River Coming Cross River News
  • Our People Should Embrace Senator Onor – Thomas Ofem Cross River News

CALITOWN
...News, Here, Everytime

Quick Menu

  • Home
  • News
    • Cross River News
  • Features
  • Community
  • Inspirational

Copyright © 2021 calitown
172 Greenwood Avenue , Hull. East Yorkshire. HU6 9NY

Powered by PressBook News WordPress theme