September 21, 2021
By Aruna Kamara in Bo
Police have arrested a senior staff of My coin identified as Peter on the last day September 17 ,2021 of the closure of the verification for all customers of my Residual Income Global Limited Sierra Leone known as ” My Coin,” which started on 20 August, 2021.
Police deployed at the Verification Center at the Financial Intelligence Unit in Bo made the arrest and the staff is in Police custody for interrogation but speaking to A-Z the staff, flatly denied the allegation describing it as baseless and unfounded calculated to dent his reputation.
A-Z Newspaper has reliably learnt the increase in the falsification of document has become alarming, much to the dissatisfaction of the actual customers of my coin ,which lead to the arrest of the staff of my coin following a tip off given to the police around by customers who queued to be verified.
My Residual Income Global Limited Sierra Leone which was running an online business in Bo City for nearly one year had its office at Gerihun Road in Bo.
It could be recalled that the business came to a halt when the Bank of Sierra Leone said My Coin was not giving license to operate as a micro finance institution.
The Bank Governor of Sierra Leone, Prof. Kaifala Kallon told journalists in Bo during a press conference that they are taking the issue of My Residual Income Global Limited Sierra Leone to court to seek legal advice concerning its operations.
One month ago, High Court Judge Justice Andrian Fisher ruled that My Residual Income Global Limited Sierra Leone was running an illegal business.
The Court authorized B&C services to come to Bo and conduct a verification exercise of all customers of My Coin.
Sahr Sam Aruna, who is representing B & C services, said in a radio programme in Bo on Thursday night at Kiss FM 104.1 that the High Court gave them a deadline to audit or find out those who are real customers of My Residual Income Global Limited.
When asked about the allegation of registering people that are outside the venue, he denied that since they came they have been doing the verification at the facility of the Anti-Corruption Commission (ACC) which houses the Financial Intelligent Unit (FIU).
“We don’t register anyone outside the place that has been given to us to verify customers of My Coin,” he said.
Sahr Sam Aruna said that some people are unhappy with the Chief Executive Officer and team because of their own safety and therefore we will not bring them onboard to do the verification,” he emphasized.
Mr. Aruna said that they will not arrest now those who are presenting false documents to defraud the verification exercise until they get enough evidence against such persons.
It could be recalled that hundreds of customers of My Residual Income Global Limited Sierra Leone are frustrated because they are unable to verify as a result of the limited time and there are still many of their customers who have been queuing for weeks without being verified.
“Some stood in the queue at mid-night, while others have abandoned their jobs just to get verified,” they lamented.
Majority of the customers of My Residual Income Global Limited Sierra Leone come from Bo, Moyamba and Sierra Rutile.
Many of these customers are nurses, teachers, police officers students and petty traders.
The Customers are appealing to the High Court to extend the time for the verification exercise to enable all of them to register while others want a refund of their monies which they want to use to start other businesses.
The question many people are asking is when the High Court will give an order for their monies to be refunded, and will they get what they invested.