Woman ‘robs’ fellow women of 15M FCFA from ‘Njangi’

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”.

One of the members said The other members of the meeting are now seeking legal action against Feumba.

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.

They offer a convenient way for people to save money and pool their resources. However, they also create opportunities for fraudsters.

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.

By Washira Helene
Mimi Mefo Info (MMI)

Recent Posts

Le FMI évalue les réformes économiques au Cameroun dans le cadre de son programme d’appui financier

Une mission du Fonds monétaire international (FMI) séjourne actuellement au Cameroun pour effectuer la huitième…

8 minutes ago

Prime Minister’s Maroua Donations: A Political Gesture or a Sustainable Solution for the Far North?

Prime Minister Joseph Dion Ngute witnessed the distribution of sacks of rice, fertilisers, textbooks, and…

15 minutes ago

Camwater se lance dans l’eau embouteillée

La Cameroon Water Utilities Corporation (Camwater) a lancé, ce 30 avril, un avis à manifestation…

1 hour ago

Zigué Military Camp Attacked: Two Soldiers Killed, Equipment Stolen

An attack attributed to Boko Haram militants targeted the military camp in Zigué late on…

2 hours ago

Bamenda Workers Blend Celebration With Concerns on Labour Day

Labour Day celebrations in Bamenda this year were marked by a mix of festive parades…

4 hours ago

Gunmen Kill Newly Appointed Moghamo Express Manager in Bambui

By Kate Bih As workers were celebrating Labor Day on May 1, tragedy struck on…

6 hours ago