”Loom is a scam” – EOCO

Economic and Organised Crime Office (EOCO) has said online ‘susu’ investment, Loom is a scam. It has therefore cautioned the public to desist from transacting any business with them. In a statement sighted by, EOCO noted that ”there is no actual product coming from the scheme and it is only beneficial for people who get in early because everyone else pays up the chain.” It added that loom is not licensed to operate in the capital market.

Below is a copy of the statement from EOCO


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