Investigations have revealed that the Calabar, Cross River state based cooperative giant, Micheno is a genuine business concern. Our investigation showed that the foremost investment outfit which was recently embroiled in a controversy in which both it and its directors were accused of fraud, has along history of robust performance and a tradition of giving subscribers high yields on their investments.
Our reporter checked with the office of the Registrar of Cooperative societies in Calabar and confirmed that Micheno is duly registered with the Cross river state government as a cooperative and investment society. Integrity tests with subscribers further revealed that Micheno has never had any issue with its subscribers funds up till now. customers confided in our reporter that Micheno had never disappointed them.
What then could have caused the controversy? Mr. Pius Otti, the image maker of Micheno said the problem was that the investment outfit was re-positioning for better performance. He said, "We recently disengaged from some of our earlier alliance".He said the re-organisation led to some hiccups in operation which also affected the outfit's accounts. Otti pleaded for understanding from all concerned even as he disclosed that, "We have already started paying our clients and we will continue to do so" He promised that any of the operatives of the outfit found tinkering with customers' funds will face the music.
Some clients testified that they have been paid. They all expressed the hope that things would soon normalize even as they affirm their trust in Micheno.
To buttress its commitment to serving its numerous clients the organisation recently released its schedule of repayment of investment to its investors and appealed for understanding from its clients to address all outstanding issues.
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