Nigerians Lose Over N22bn To Imagine Lenders, As Owners Skip Town

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Not less than N22 billion in investments seem to have gone down the drain as owners of Imagine Global Solutions, promoters of Imagine Lenders Microfinance have allegedly skipped town with investors’ funds as affected Nigerians form support groups.

Several investors in the finance scheme giving their accounts on social media, alleged that owners of the firm which started operations in 2016, Bamise and Elizabeth Ajetunmobi,  have reportedly gone into hiding after squandering investors’ money said to be as much as N22 billion.

Affected individuals and companies who invested money in the micro-lending firm have since formed WhatsApp groups to enable them trace the whereabouts of the managing director of the firm, Bamise and his wife, Elizabeth, who serves as the chairman of the board of directors.

Bamise Ajetunmobi, a former staff of one of Nigeria’s banks, had allegedly lured some of his former colleagues in the banking industry to join his venture and offered them gargantuan salaries in the investment company which claims to lend to small businesses at 22 per cent and pays a monthly return of 10 per cent to investors.

Several victims on social media detailed how they lost between N20 million to as much as N500 million to the micro lending firm.

On its website, the firm said it projects “to become the biggest money lender in Africa, Eastern Europe and South America in the next ten years. Over the past 4 years Imagine Global has recorded considerable growth in customer base from 30 in 2016 to 90,000 customers as at October 2020.

“The company currently has 400 staff. The Loan repayment rate is 98 per cent for the past two years. The company has customers across over 350 market locations in Lagos, Benin Republic, Ibadan, Ogun State and Abuja” its website reads.

– Nigerian Tribune

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