A woman identified by MMI as Lolo Feumba residing in Yaounde, is on the run after misappropriating funds from an online thrift and loanscheme ‘njangi’ meeting.
The meeting, named “The Woman is also Capable,” had over 50 members who each week were contributing the sum of 4500frs for 35 weeks.
Feumba, who was the president and treasurer of the meeting, allegedly used the funds for personal expenses.
Before the other members of the meeting could realise what was happening after they’ve tried benefiting from their savings, the treasurer had disappear and has not been seen since, making away with the sum of 15 Million as reported by members of the said online meeting.“Right now I am out of words. Tata Lolo has disappeared with our money, 15 Million. Our hard earned money, money we have been saving for our businesses”.
They have filed a complaint with the police and are demanding that she be brought to justice.This is not the first time that an online ‘njangi’ meeting has witnessed fraud. In 2021, a similar meeting in Douala was robbed of 20 million CFA francs.Online ‘njangi’ meetings are becoming increasingly popular in Cameroon.
It is important to be careful when participating in an online ‘njangi’ meeting. Only contribute money to meetings that you trust and make sure to verify the identity of the treasurer. Critiques advice.
