Story Of How This Budding Entrepreneur Lost N2.1 Million Through A Mobile Banking App Is Heartbreaking
Entrepreneur and YALI fellow, Idongesit Umoh has shared how she lost the LSETF loan she took to expand her shoe making business to fraudsters through DiamondBank’s online banking application.
She runs a business which manufactures and retails handmade footwear and accessories for men, women and children using genuine leather and African patterned materials.
She also said that till date, the bank has refunded only N668,000 of the initial N2.1 million before they closed the case in July.
The problem started after she had requested for Personal Travel Allowance (PTA) in the sum of $3ooo dollars to make a trip to the United States as she was shortlisted as one of the 101 outstanding young leaders in Nigeria to undergo a 6 weeks training in the US.
The entreprenuer has said that because of this issue, she is not able to pay bills or run her business effectively.
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She also said that all efforts to recover the money has proved abortive as Diamond Bank has remained adamant and has refused to refund her money.
Idong noted that although she had wanted to be quiet about the issue as she did not want her business name tainted, she has now decided to fight, speak and do anything to recover her money.
Talking about what she learned, she said: “One thing i have learned is that if i ever fall a victim of anything, i will not keep quiet. I will stand, shout and make my voice heard.”
We have her Instagram post below
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