June 7, 2023

Customers were seen in groups discussing the matter outside the company’s office on Okpanam Road, which was closed. Ponzi scheme is a type of pyramid scheme.

Following allegations of unpaid Return on Investment (ROI) since December 2020, investors stormed DW-Arerben Global Investment Ltd, an investment management company, in Asaba on Thursday. Customers were seen in groups discussing the matter outside the company’s office on Okpanam Road, which was closed.

The company’s employees were not present. DW-Arerben Global Investment Ltd began operations in Asaba in 2017 and quickly became popular among the locals. It was discovered that an investment firm specialising in foreign exchange (forex) had branched out into cryptocurrency and real estate.

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