Baraza: looting spree as angry investors invade Corporate Headquarters in Yenagoa

Angry investors and members of the Baraza Multipurpose Cooperative Society Limited on Wednesday invaded the corporate office of the cooperative located at Otiotio Junction in Yenagoa, the Bayelsa state capital, carting away office equipment and anything they could lay their hands on.

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Our correspondent gathered that the aggrieved cooperators started arriving the head office as early as 7:am before some irate youths vented their anger on the properties for their capital.

The Police personnel on duty made frantic effort to stop them but could not control the situation.

As at the time of filing this report, we gathered that an attempt was being made by an aggrieved member, (name withheld) to lift a giant soundproof generator belonging to Baraza into a waiting Hayap Truck.

Last Friday, a Nembe High Court sitting in Yenagoa placed an injunction, restraining Baraza and its Chief Executive Officer, Pastor Miebi Bribena from withdrawing money from any of the four Banks it operates.

This was sequel to an exparte motion by an aggrieved cooperator, Barr. Fitzgerald Olorogun over alleged inability of Baraza to refund his N16 million he invested.

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