A Lagos-based trader is demanding answers after claiming that a digital finance platform, Pryme, has failed to return ₦7 million of his funds months after multiple failed attempts to access his money.
The allegation was brought to light by a social media user, @Alaba589, who took to X (formerly Twitter) to expose what he described as a calculated fraud by the platform against the businessman, Mr. Emeka Joachim, a vendor at Tradefair.
According to the revelations, Pryme first reached out to Mr. Emeka in September 2023, pitching their services as a trustworthy financial solution. Convinced by their proposal, he began using their POS system for business transactions and invested over ₦8 million in total.
Problems started when Mr. Emeka tried to make a withdrawal but found his account inaccessible. Following pressure and threats of legal action, the platform reportedly sent ₦1.5 million—not to his registered account, but to a different one at Access Bank.
Despite that partial payment, Pryme reportedly introduced a new investment scheme in February 2024, promising quarterly returns. Mr. Emeka put in an additional ₦6 million, hoping to earn from the plan. However, the situation worsened as he was locked out of his account and denied access to his funds.
In a signed undertaking, Pryme allegedly committed to refunding the outstanding ₦7 million by September 29, 2024. As of now, the funds remain unpaid.
To support his claims, @Alaba589 shared screenshots of the written agreement, financial statements, and photos of the POS device issued by Pryme. He concluded his online call-out by urging the platform to return the money: “@MyPrymeApp pay him his money!”
The story has since drawn significant attention on social media, with many users demanding that regulatory bodies investigate the matter and ensure victims like Mr. Emeka receive justice.
Source: NewsandVibes.com
