A businessman was allegedly defrauded of ₦7 million by a financial platform called Pryme, which allegedly refused to release his money in spite of several assurances.
User @Alaba589 exposed the incident on X (formerly Twitter) by posting a series of posts criticizing @MyPrymeApp for not paying the tradefair trader, Mr. Emeka Joachim, who was the target of the incident.
The posts claim that in September 2023, the platform contacted Mr. Emeka and persuaded him to use their services.
He invested more than ₦8 million, utilizing Pryme’s POS system to conduct his transactions, because he trusted the platform.
The issue started when Mr. Emeka attempted to access his account to withdraw money but was unsuccessful.
The platform reluctantly credited ₦1.5 million to his Access Bank account, which he had not initially registered with the platform, after threatening legal action.
In February 2024, the platform promised to offer an investment plan that would allow users to invest and earn profits every three months.
Mr. Emeka allegedly contributed ₦6 million to the plan without realizing it might be a scam. Since then, he has been unable to get the remaining funds out of his account.
Pryme allegedly agreed to sign an undertaking committing him to paying the remaining ₦7 million by September 29, 2024. However, the money has not been paid yet.
A copy of the undertaking, the statement of account, and pictures of the Pryme POS machine were among the supporting documents that the whistleblower posted online.
@Alaba589 concluded by tagging the financial platform and demanding accountability: “@MyPrymeApp pay him his money!”
The issue has sparked reactions from users online, many calling for regulatory action and refund.
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