Skip to content
Calitown

Calitown

News, Here, Everytime!

  • Home
  • News
    • Cross River News
  • Features
  • Community
  • Inspirational
  • Toggle search form
  • Former C’River Federal Lawmaker Essien Ayi Dumps PDP, Joins APC! News
  • CRBO Marks One Year, Spreads Love, Drums Up Support For Gov Otu News
  • Otu Felicitates Christians, Calls For Unity, Compassion, Renewed Hope News
  • Meet Ofem Arikpo, The New Cross River State Born Commissioner Of Police News
  • Governor Otu’s Appointment of Ward Development Officers: A Commendable Stride Towards Rural Empowerment & Transformation News
  • C’River: Forum Of LG Chairmen Insist Embattled APC State Chairman Must Go News
  • Response To The Open Appeal By “Concerned Students Of Cross River State University (UNICROSS)” News
  • A Life Etched In Culture, Service: Gov Otu Honours Edem Duke @ 70 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

  • Ebom/Usumutong Crisis: Hostilities Resume Breaking News
  • CRSG Announce Vacancies For Forest Rangers Cross River News
  • “In Six Months, My People Will Feel My Impact In The National Assembly” – Emil Inyang Features
  • Twist And Turns As CR North Gears Up For 2015 News
  • Why Would I Not Reflect On My Birthday ? – Peter Akpanke Features
  • Calabar Pastor “My Father, My Father” Under Fire For Post To Davido 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

  • Fayman on A Life Etched In Culture, Service: Gov Otu Honours Edem Duke @ 70
  • Maurice Eneji on Jarigbe’s 55th Birthday Celebration & The Anatomy Of Soft Power 
  • Omini Oden on CRSG Orders Closure Of Calabar’s ”8 Miles” Roadside Markets
  • Edem Mau on C’River To Conduct Forensic Audit Of Certificates In State Civil Service

ADVERT: Click to Watch!

https://calitown.com/wp-content/uploads/2017/10/VID-20170928-WA0003.mp4
  • CUDA Warns Against Impersonation And Illegal Collection Of Waste Tariff Cross River News
  • Man Dies In Ugep Brothel Community
  • Traditional Rulers In CRS Go Native In Fight Against Insecurity Cross River News
  • False Promises & Hidden Agendas: The Fraud Behind The Bakassi Deep Seaport Features
  • “Stand To Do Goodness And Goodness Will Abide With You” – Catholic Bishop Of Ogoja Cross River News
  • Supreme Court Affirms Ayade As CR Governor, Turns Back On Agi Breaking News
  • Flood Bars Staff From Work In Calabar News
  • Man Electrocuted, Dies Trying To Steal PHCN Cables In Calabar South  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