A man, 45, identified as Mark Friday in Calabar has been arrested for allegedly beating his wife almost to death for investing in the MMM Ponzi scheme, using the money meant for their children’s school fees.
A Calabar based newspaper reports that Friday had given his wife, Ekamma, the sum of N280,000 to pay their three children’s fees, but (seems she was an opportunity to make fast money), the woman invested all the money in the scheme without telling her husband, hoping to pay up after collecting the invested money with interest.
But, freezing of accounts of the scheme some days ago became a big disappointment which also coincided with the school sending a letter to Friday that his children would not be allowed to write their examinations if he fails to pay their fees which were to balance up the part payment he had earlier paid.
According to report, when resentful Friday asked his wife why she had not paid the money he gave her some weeks earlier, she opened up and confessed that she had invested the money in MMM.
Embittered by her response, Friday locked the door to their apartment and descended on his wife, beating her to a pulp before neighbours could force the door open and rescue her.
Seeing the unconscious woman on the floor, a neighbour rushed to a nearby police station and reported the case which leading to Friday’s arrest.