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Rokel Commercial Bank’s Sim Korpor Unit Introduces EDSA Token Vending Service


Rokel Commercial Bank (RCBank) has announced a new initiative to enhance the accessibility and convenience of purchasing electricity tokens through its Sim Korpor Mobile & Online Banking platform.

In an official communication, Kezia Salankole, Head of the Simkorpor Unit at RCBank, informed team members about the availability of EDSA token vending as a key feature on the platform.

The initiative aims to promote the bank’s digital services while offering customers a seamless way to purchase their monthly electricity tokens directly through Sim Korpor.

To facilitate the process, customers are required to provide the following details:

Name

Meter Number

Account Number

Desired Amount

The bank has also extended the service to allow branch-wide monthly purchases, enabling multiple users within an organization to streamline their electricity payments.

Customers and institutions interested in utilizing this service are encouraged to submit their details to the Sim Korpor Unit to get started by contacting +23278222501 or +23277222501



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Financial Intelligence Unit Launches Investigation Into Super Advertis For Alleged Investment Scam


The Financial Intelligence Unit (FIU), an institution dedicated to combating financial crime, has initiated an investigation, in collaboration with key stakeholders, into the suspected unlawful activities of Super Advertis.

This entity has been using various mobile money platforms in Sierra Leone to accumulate deposits from the public, falsely presenting itself as an investment opportunity.

Super Advertis stands accused of engaging in unlicensed and unregulated financial services, particularly utilizing mobile money agents to amass supposed investment funds.



This alleged scam, resembling a “PONZI SCHEME,” operates by reimbursing existing investors from contributions made by new investors, rather than generating legitimate profits from a lawful business. Investors are misled into believing that profits stem from genuine business operations, while they actually originate from new investors’ deposits.

Major mobile money service providers, including Orangemoney and Afrimoney, have implemented measures to limit access to the third-party accounts utilized by the suspected fraudsters. They are actively collaborating with relevant authorities in the ongoing investigations.

The FIU issues a cautionary advisory to the public, urging vigilance when encountering individuals or entities offering investment opportunities. It emphasizes the importance of conducting thorough due diligence, ensuring complete satisfaction regarding the legitimacy of any business before engaging in financial investments.

Safeguarding the public’s interests and preserving the integrity of financial systems remain paramount for the FIU. The unit assures the public of further updates as the investigation progresses.

Individuals are encouraged to promptly report any suspected dubious financial activities to the FIU or relevant authorities, contributing to efforts in combating fraudulent financial schemes.



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