Nigerians Demand Their Money From LOOM Headquarters

A new report confirms that some Nigerians stormed the headquarters of Loom in Lagos, yesterday to demand their money after rumours of the Ponzi scheme crashing.

Loom is a Ponzi Scheme which involved a Peer to Peer Method without any visible investment. When some of its investors stormed their office in Lagos yesterday 15th June 2018, no staff was on ground to attend to them.

 Recall in May, the Securities and Exchange Commission issued a warning to Nigerians investing in the scheme not to. Mary Uduk, Acting Director-General of the commission said;