11 Comments
In recent times, the Management Orange Mobile Money Finance SL Ltd issued a Disclaimer disassociating itself from Super Advertis an online business platform . According to the disclaimer, Orange Mobile Money Finance revealed that they are not in partnership with Super Advertis nor have any contractual dealings or in any way associated with the business/company.
The said disclaimer has left many Sierra Leoneans in shocked at home as it came like a lump in the throats of many who have invested their money on the Online Platform realizing that they have been defrauded by Super Advertis. The online business platform was reported to have defrauded Sierra Leoneans of a staggering 9 billion Leones.
Meanwhile, recent public notices by the Bank of Sierra Leone and the Financial Intelligence have vindicated Orange ‘s decision to disassociate itself from Super Advertis .
The Bank of Sierra Leone (BSL) issued a strong warning on the 5th January against the online entity called “SUPER ADVERTIS” that is illegally soliciting investments through mobile money platforms.
The BSL further emphasized that it has not licensed SUPER ADVERTIS for any financial activity, and engaging with them for investments poses a real risk to the public’s finances.
According to the BSL’s public notice, SUPER ADVERTIS appears to be enticing individuals to invest in a secretive financial scheme using mobile money platforms, which involves accepting deposits from the public. However, the BSL clarifies that “SUPER ADVERTIS” operates without the necessary license, making their operations illegal and potentially fraudulent.
The Financial Intelligence Unit (FIU), an institution dedicated to combating financial crime, also initiated an investigation, in collaboration with key stakeholders, into the suspected unlawful activities of Super Advertis.
This entity has been using various mobile money platforms in Sierra Leone to accumulate deposits from the public, falsely presenting itself as an investment opportunity. Super Advertis stands accused of engaging in unlicensed and unregulated financial services, particularly utilizing mobile money agents to amass supposed investment funds.
This alleged scam, resembling a “PONZI SCHEME,” operates by reimbursing existing investors from contributions made by new investors, rather than generating legitimate profits from a lawful business. Investors are misled into believing that profits stem from genuine business operations, while they actually originate from new investors’ deposits.
In a statement made available to Sierraloaded, Orange revealed the deceptive tactics employed by Super Advertis scammers. The company clarified that unauthorized agents were illicitly collecting funds on behalf of the fraudulent platform. Immediate action was taken upon discovering these deceitful transactions, with Orange Sierra Leone promptly blocking the accounts of these unauthorized agents.
The mobile company emphasized that these agents lacked the authorization to engage in such financial transactions, and their accounts were suspended to prevent further fraudulent activities.
“They were using our agents to collect funds on their behalf. These agents are not authorized to perform these types of transactions. When we got alert of these fraudulent transactions, we immediately blocked the accounts of these agents.” the mobile network company said.
Orange Sierra Leone took a proactive approach by reporting the issue to the Bank of Sierra Leone (BSL) and is now awaiting the next steps in the investigation.
According to Orange Sierra Leone, the blocked accounts do not show any clear indication that the embezzled funds are directly related to Super Advertis transactions. The company clarified that the primary reason for blocking the accounts was to curtail the involvement of the suspended agents. Interestingly, all attempts to reach these agents have been unsuccessful, adding another layer of mystery to the unfolding situation.
As consumers dash through investing their money online, fraudsters remain focused. Through its strong compliance measures, Orange was able to detect early signs of an uptick in fraud attempts on Sierra Leoneans.
Realizing the devastating impact of fraud as a trusted Partner, Orange gives everyone the keys to a responsible digital World. Trust is at the heart of Orange purpose and the company’s ethics and compliance approach contributes to this trust by promoting a culture of integrity with no room for corruption of any kind, which cannot be accepted.
Orange fraud and anti-corruption policy is proactive as the company is committed to conducting their business with transparency and integrity in Sierra Leone. Orange stringent anti-corruption policy applies to all employees, managers, and directors, as well as anyone who acts on their behalf.
Will orange unblock those account to allow people get access to their funds.
What about the customers that were using Orange sims in that regard – are they going to get their money back????
Good
There is nothing absolutely Orange can tell us about corruption . Orange steals us everyday and they should just stay quiet about the issues Super Advertis. Both are thieves !
Orange SL are thrives. They bear hands in this Super Advertis saga.. But God will punish all those have hands in the fraudulent act perpetrated by Super Advertis
Okay maybe we can say that the government and orange/ BSL has no idea about Super Advertis platform as they are saying but what about Rakuten which climbing to registered their platform with government and orange money, is the information not reach out the authority yet or they’re also waiting for them use Sierra Leoneans before the government stood up for investigation??
Salon na country, only God knows where they are taking us to
Since those accounts have been blocked and they contain funds of customers.
I am kindly requesting that they reverse those money found in those accounts agent to the various number found in it.
All I’m expecting orange to tell sierra Leoneans is how we can gets our monies back. All those block accounts have monies in them
[…] Source link […]
In all their releases orange is not saying anything about how customers can their monies. It seem orange is playing a game of hide and seek with people’s resources. Let’s say Super Advertise is not a legal company and you the so call legal Orange is working in the interest of the people (your customers) by now is it expected that they should have given directives on how the customers of both Super Advertise and Orange can get back their monies .
Legal orange, our monies are stocked in the accounts blocked. Super Advertis before leaving told us you(ORANGE) have rendered them bankrupt because you have frozen their accounts. Rightly you have acknowledged their statement. We are your customers please retrieve the monies from the various blocked accounts and give us our money as the numbers and amounts sent by each orange and super Advertis customers are there. Prove the love you professing for us your customers.