Skip to content
Calitown

Calitown

News, Here, Everytime!

  • Home
  • News
    • Cross River News
  • Features
  • Community
  • Inspirational
  • Toggle search form
  • At 80, Gov Otu Hails Ita-Giwa As “Cross River’s Lighthouse Of Courage” News
  • Cross River Shuts Down 13 Schools, Vow To Continue Closure Of Unapproved Schools!  News
  • Police Nab One Person After Discovery Of Eight Corpses In Cross River  News
  • Why Cross River’s Oil-Producing Status Is Grounded In Law, Science, Geology & Constitutional Process – Not In The 2012 Supreme Court Decision News
  • Gov Otu: The Day Academia & Media Spoke With One Voice News
  • “Ikpeme, UCTH CMD Has No Case To Answer” – Onwe News
  • Akpanke Keeps Promise, Commissions Three Classroom Block For Obudu Community News
  • Senator Jarigbe Debunks Allegations Of Turning Cross River North Contracts Into Family Business 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

  • Tax: Union Bank To Pay CR-IRS N56.6m Cross River News
  • ‘Mma Ukpoh” … Food Is Ready! News
  • Mad Evening In Calabar: Navy Battles Police, Mayhem Unleashed Breaking News
  • Club Commends Akwa Ibom State Gov For Kindness To Young Yakurr Lady Cross River News
  • Commissioner Orders Free Distribution Of Oil Palm Seedlings To Farmers Cross River News
  • Group Pledges Support For Cross River Governor, Make Him Patron Cross River 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

  • Eno Ekpenyoung on Gov Otu Hails Chief Okoi Obono-Obla At 56, Describes Him As A Beacon Of Justice
  • Fayman on A Shared Love: Reflections On Iwara Iwara’s Journalistic Odyssey As He Adds Another Year!
  • Atakor shedrack ugbut on PRESS RELEASE: Disregard The Latest Mischief Against Peter Akpanke
  • Desmond Samson on C’River Senator Raises Hope As Bulldozers Begin Work On Ring Road

ADVERT: Click to Watch!

https://calitown.com/wp-content/uploads/2017/10/VID-20170928-WA0003.mp4
  • April Fool’s Day And The News We Carried Cross River News
  • Show Of Shame By CR Green Sheriff Angers Ayade Cross River News
  • Motivational Speaker, First Baba Isa Begins Weekly Share Cross River News
  • Watching Nigeria’s Cyber Security Space; Suggesting The Way Forward Features
  • So What’s Going Down At HIT FM’s Calabar Entertainment Conference? Cross River News
  • Ace C’R Born Broadcaster Petertex Etim Feared Dead Breaking News
  • BREAKING: PDP Senatorial Primaries In CR South Cancelled Cross River News
  • UPDATE: Speaker, CRSHA Offers Free Medical Outreach In Yakurr at Leboku Festival 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