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Fairmoney Micro Finance Bank Is Holding My 9million Naira For No Reason. - Investment - Nairaland 2g5x1g

Fairmoney Micro Finance Bank Is Holding My 9million Naira For No Reason. (742 Views)

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richgang(m): 5:54pm On May 12
i currently reside in the UK and I wanted to invest 9 million naira in the fairmoney 28 percent per annual. I verified my profile already and my daily limit was increased to 20 million naira . So I decided to test the app , and I sent 9 million inside my , immediately the money hit my , fair money restricted my and they are telling me they are investigating where the money is coming from. It’s been 4 days without any solution from them and they are holding my 9 million. I can’t invest it and I can’t even transfer any money out .
Please what should I do ? I have reached out to their customer service and they keep saying I should be patient .
Has anyone ever been through the stress of fairmoney?
Firebox123(m): 6:00pm On May 12
richgang:
I intended to invest 9 million naira in the fairmoney 28 percent per annual. I verified my profile already and my daily limit was increased to 20 million naira . So I decided to test the app , and I sent 9 million inside my , immediately the money hit my , fair money restricted my and they are telling me they are investigating where the money is coming from. It’s been 4 days without any solution from them and they are holding my 9 million. I can’t invest it and I can’t even transfer any money out .
Please what should I do ? I have reached out to their customer service and they keep saying I should be patient .
Has anyone ever been through the stress of fairmoney?
go to their physical office
HeatSeeker(m): 6:06pm On May 12
Firebox123:
go to their physical office

they have only one office o!

@Op I think you should write cbn
Jerrygotswagg(m): 6:07pm On May 12
Firebox123:
go to their physical office
he is currently not in Nigeria
Kelklein(m): 10:11pm On May 12
Calm down it's a normal procedure for any single transaction above 5million naira.. for individual . All banks are mandated to declare those transactions.

Your money is safe tho.

Next time.. break the transaction into pieces like 3m each and do them over some days.. to avoid these waiting times.

6 Likes

lexdino: 11:03pm On May 12
It seems all these small Nigerian banks are playing the same script on diasporans.
Providusbank used the same method to " )seize" my 100k since December last year after I transferred the initial deposit of 100k for opening a new with them.
First, they said my BVN data doesn't correspond with the NIN I I submitted. I updated the NIN data and they are now requesting for me to send them information about my abode in Nigeria so they can .
100k will not kill me, so I just left it with them Until whenever I'm in Nigeria.
kunletoks(m): 12:17am On May 15
Fear not.
It's a normal procedure to the funds.
They will the bank or money transfer company and your funds will be released.

I know someone who had the same issue but the funds was later released.

It might take a week.

1 Like

ayoncox: 1:11pm On May 16
richgang:
i currently reside in the UK and I wanted to invest 9 million naira in the fairmoney 28 percent per annual. I verified my profile already and my daily limit was increased to 20 million naira . So I decided to test the app , and I sent 9 million inside my , immediately the money hit my , fair money restricted my and they are telling me they are investigating where the money is coming from. It’s been 4 days without any solution from them and they are holding my 9 million. I can’t invest it and I can’t even transfer any money out .
Please what should I do ? I have reached out to their customer service and they keep saying I should be patient .
Has anyone ever been through the stress of fairmoney?
call them out on social media, send a mail to CBN and copy them

1 Like

legacystore: 12:55pm On May 17
Be more patient let them the source of the funds
werisetogether(m): 7:52am On May 18
Kelklein:
Calm down it's a normal procedure for any single transaction above 5million naira.. for individual . All banks are mandated to declare those transactions.

Your money is safe tho.

Next time.. break the transaction into pieces like 3m each and do them over some days.. to avoid these waiting times.

Thanks for sharing this life hack
werisetogether(m): 7:53am On May 18
Firebox123:
go to their physical office

Just curious: where is their physical office?
Firebox123(m): 7:59am On May 18
werisetogether:


Just curious: where is their physical office?
28 Pade Odanye close, off Adeniyi Jones, Ikeja, Lagos, Nigeria

1 Like

werisetogether(m): 8:02am On May 18
Firebox123:
28 Pade Odanye close, off Adeniyi Jones, Ikeja, Lagos, Nigeria

Thanks
Firebox123(m): 8:06am On May 18
werisetogether:


Thanks
Are you the OP
FxExpo(m): 9:06am On May 18
Op,
Next time do business with company that have physical office,

My mentality

1 Like

werisetogether(m): 1:38pm On May 18
Firebox123:
Are you the OP

No
werisetogether(m): 6:00am On May 20
richgang:
i currently reside in the UK and I wanted to invest 9 million naira in the fairmoney 28 percent per annual. I verified my profile already and my daily limit was increased to 20 million naira . So I decided to test the app , and I sent 9 million inside my , immediately the money hit my , fair money restricted my and they are telling me they are investigating where the money is coming from. It’s been 4 days without any solution from them and they are holding my 9 million. I can’t invest it and I can’t even transfer any money out .
Please what should I do ? I have reached out to their customer service and they keep saying I should be patient .
Has anyone ever been through the stress of fairmoney?

Any update on this?
Mary95(f): 5:26pm On May 20
richgang:
i currently reside in the UK and I wanted to invest 9 million naira in the fairmoney 28 percent per annual. I verified my profile already and my daily limit was increased to 20 million naira . So I decided to test the app , and I sent 9 million inside my , immediately the money hit my , fair money restricted my and they are telling me they are investigating where the money is coming from. It’s been 4 days without any solution from them and they are holding my 9 million. I can’t invest it and I can’t even transfer any money out .
Please what should I do ? I have reached out to their customer service and they keep saying I should be patient .
Has anyone ever been through the stress of fairmoney?

So sorry for your ordeal. Like someone said, always break the sums into installments and send- always leave a 24hrs break before next payment.

Let me know if you haven’t been cleared so I can help out.

1 Like

DoctorShomo: 8:20pm On May 20
Kelklein:
Calm down it's a normal procedure for any single transaction above 5million naira.. for individual . All banks are mandated to declare those transactions.

Your money is safe tho.

Next time.. break the transaction into pieces like 3m each and do them over some days.. to avoid these waiting times.

This is what a prudent person should have done instead of sending the money in bulk

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