AE-FUTHA Warn Staff Against Ponzi Scheme

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By Oginyi Ruth

Management of Alex-Ekwueme Federal Teaching Hospital Abakaliki (AE-FUTHA) has condemned the involvement of some of its staff in Ponzi schemes which recently crashed in the state and warned that anyone caught in such activities will be punished accordingly.

This was contained in a release signed by the hospital’s Director of Administration, Mr. Callistus Okonkwo and made available to journalists on Sunday.

Okonkwo in the release said that some of the staff engage in the schemes either by participation or as agents.

The statement read in part, “The management describes such act as serious misconduct punishable in line with the public service rule.”

The head of administration in the release also expressed worry that some staff, department, and group of persons indulge in money lending and borrowing with the objective of making gains.

“The management has henceforth prohibited such activities and therefore warns that any individual, unit, department, or group of persons caught in the act shall be punished accordingly.”

Recently, DSS arrested some persons in Abakaliki who were managers/agents of different Ponzi schemes for their failure to keep with their agreement.


The suspects were later handed over to the police for onward investigation and prosecution.

Some of the Ponzi schemes that allegedly failed to keep to the agreement include Immaculate, Genesis, Shekkina, among others.

Businessmen and women who ventured into the Ponzi lost huge amount of money in the shoddy deal.

They were convinced to pay N5000 and at the end of three weeks, they will be given N100,000 while those who invested N100,000 will be given 1m and after N1m was given out to one of the costumers, the Ponzi crashed leaving hundreds of people in tears.

The state government, however, has suspended the Ponzi scheme in the state.


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