Ada Kole, a participant of the controversial Ponzi scheme, MMM, has died in Kubwa, a satellite town in Abuja after drinking insecticide following the crash of the money doubling scheme.
It is understood that he died on Monday night following complications arising from the poison he took late last year.
The Benue State indigene, whose wedding was rescheduled from December last year to May, 2017, had reportedly invested about N750,000 in the scheme in November last year and was expecting to get his 30 per cent income when the MMM crashed and he lost his money.
The Punch quoted a family source, who pleaded anonymity, as saying that Kole passed away after suffering from stomach complications as a result of the poison.
“Kole died yesterday (Monday) evening and his body has been deposited in a mortuary. He died from the complications he suffered from the poison he took last year. He had a terrible stomach ache and was rushed to the hospital where he died,” the source said.
When asked if he was paid by the wonder bank before his demise, the source said:
“No, he was not paid. In fact, he threatened to arrest his guider before the stomach upset returned last week and we rushed him to the hospital where he finally died.”
Kole had earlier opened up on his predicament during a phone-in radio programme in Abuja last December where he admitted making profits from the scheme before it crashed.
“I came to Abuja from Benue few months back in preparation for my wedding and my friend introduced me to the MMM thing. He told me about the benefit involved, though I was a bit hesitant about it but he succeeded in convincing me to register under him.
To be honest, I initially invested N20,000 into the scheme and I got 30 per cent the following month. The following month, I did N50,000 and I still got 30 per cent commission and my full investment back.
This time, I believed it was real and I decided to increase my investment. Before then, my fiancée had warned me against it. So I went to my cooperative to obtain a loan and they gladly gave, thinking it was for my wedding.
I put in N750k last month (November, 2016) hoping it would yield 30 per cent income this month (December) only to wake up one morning to discover that my account has been suspended.
To be sincere, the best option I had then was to take my life, because I didn’t know how I was going to face my woman. I didn’t even know when I took the insecticide,” Kole had said.