MY COIN, A SILENT KILLER, AN APPEAL TO PRESIDENT BIO FOR REPAYMENT OF ALL MY COIN CUSTOMERS IN BO DISTRICT AND BEYOND

MY COIN, A SILENT KILLER, AN APPEAL TO PRESIDENT BIO FOR REPAYMENT OF ALL MY COIN CUSTOMERS IN BO DISTRICT AND BEYOND

POWERED BY AMBASSADOR JONATHAN HINDOLO KURABU, D CATALYST

For obvious reasons I had mustered courage not to comment on issues hovering around the awful plights of hundreds of customers whose life time savings have been held up on the orders of the Bank Governor without recourse to the seeming starvation, depression, heart attacks, incarceration, elopement and sadly death.

In a country where employment rate among the educated and the uneducated is relatively high, Where the penchant to make fast money is also very high and where considerable efforts to make ends meet is a daily struggle, everything goes.

Like a drowning man who looks for every available opportunity to survive, the Residual Global Sierra Leone was a perfect opportunity to become rich overnight.

 With 60-70% interest on every amount deposited in 22 days, most early beneficiaries succeeded in building houses, bought cars and reinvested their lifetime savings. They succeeded in wooing many to become customers of cryptocurrency (Bitcoin).

The interest rates in our commercial banks are ridiculous to say the least, their loan facilities hang around one’s neck like an albatross; so it did not come as a surprise when customers stormed the banks requesting withdrawal of their savings and surrendered same to “My Coin”. The romance ab initio was sweet until it went soar following the order by the Bank Governor to freeze all holding accounts of My Residual Global Sierra Leone {My Coin) in Bo City.

Of relevance and of note is the impeccable fact that the establishment of “MY COIN” has further exposed the dysfunctionalities that characterize State institutions in Sierra Leone. Where were officials of the Financial Intelligence Unit and the Bank of Sierra Leone when they allowed MY COIN to exist for over 9 months when in actual fact the CEO had no license from the authorities concerned to establish a cryptocurrency (Bitcoin) office in Sierra Leone?

My friend at the ACC might be interested to investigating the monopoly the CEO of My Residual Global Sierra Leone had for over 9 months with no one bordering to checkmate his activities leaving the innocent victims to wallow in penury.

Hundreds of its customers now look forward to the intervention of President Julius Maada Bio to cushion the appalling and horrific effects the frozen order has caused.

 The My Coin CEO unlike the Wealth Builder saga is still in Bo and has even vowed to refund all monies in his possession on the proviso that the accounts are unfrozen.

Against the backdrop of interventions by the Resident Minister South, Minister of Energy and Members of Parliament from Bo District, there still appears to be a total inability of stakeholders to provide a panacea to address the increasing ailing concerns of hundreds of customers.

The sad reality on the ground is 80% of deaths apart from accident cases in Bo District are as a result of respiratory distress and almost all of these known/prominent demised names invested over 80 to 300 Million Leones in the Bo Bitcoin. University students invested their fees, some people took loans from Banks and micro credit institutions, and others mortgaged family assets including movable and immovable assets. Wives who convinced their husbands to invest into the scheme have had their homes and marriages in ruins. This global scheme like a volcanic eruption, torched people from all walks of life.

With an apparent default of payment terms for those who took loans from banks and micro credit institutions, they are now being chased like rats for repayment of the loans, how could they pay back when the MY COIN accounts are still frozen? The Police who affects these arrests are themselves customers of this silent killer. The nurses could hardly attend to their patients with diligence; the Head Masters are in deep shit especially those who used the whole of their school subsidies to invest in this scheme.

The death toll in increasing in the perceived political stronghold of the ruling government. Though death Is an evitable phase of life, must we sit by and watch the remaining customers die or imprison when order to refund their monies could be easily made?

Given the unfortunate prevailing circumstances in Bo District, I write on behalf of all MY COIN subscribers to appeal to President Dr. Julius Maada Bio for an urgent intervention in order to save his people from this debacle. Uneasy lies the Head that bears the crowd.

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