A group of people, mostly women, were seen in a state of panic as they raised their voices and cried out after discovering that the loan and savings company had moved out of its physical office. Parts of the office building had also been demolished.
All they found were the company’s customised yellow polo shirts scattered on the ground. The women picked up the shirts as they wailed bitterly, begging for help.
GlimpseTV decided to conduct a brief background check on the company and discovered the following:
Amby Savings and Loan lists an official address on its website as:
No. 4 Amby Close, Opposite Mobil Filling Station, Ayiteju Bus Stop, Lekki–Epe Expressway, Ibeju-Lekki, Lagos.However, recent scam allegations suggest that when customers attempted to make withdrawals around November/December 2025, the physical office at this location was found empty and partially demolished. Victims reported that the company vanished without warning.
Surprisingly, the company’s website is still active, and its Facebook page also remains online, although its last post dates back to 2022.
Many Nigerians have condemned the actions of schemes like this, comparing them to Ponzi setups that disappear with people’s hard-earned money. The timing has made the situation even worse, as this is the Christmas season—a period many had saved toward and were expecting to celebrate peacefully.
https://www.youtube.com/watch?v=3bsLr4Wl6PA?si=QVz_-eIysWsViuGz
