Musician, Stonebwoy, and media personality, Bridget Otoo, have engaged in a heated verbal exchange on social media over a business investment endorsement Stonebwoy made.
It all started after Stonebwoy tweeted and introduced his fans to a new non-fungible token (NFT), SIDICOIN, business. According to the musician, times are changing, hence, joining such an investment will help every hardworking individual to make money.
That was where Bridget Otoo took exception. The media personality advised the musician against publicly endorsing investment deals. According to her, it would be insensitive for the dancehall musician to make such a move especially as he played an ambassadorial role in the Menzgold saga.
“You are part of the ambassadors of Menzgold who championed and led customers to lose money. Some have died as a result of the Menzgold scam. Do you think it is fair to introduce them to another ‘money-making venture’? Do you really care about them?” Bridget wrote on Twitter.
Stonebwoy, who did not seem enthused about Bridget’s tweet responded by saying, “I think it’s very biased and prejudiced to pin the loss of lives and properties on ambassadors who in no way ran the said company. I know people who have lost monies and others who gained and I have personally lost very close relatives too”.
Stonebwoy further emphasized that “the core problem of the Menzgold saga has the least to do with ambassadors,” and directed the media personality “to seek the reality from Nam1 and the government. One love”.
Stonebwoy Involved in Another ‘Ponzi Scheme’?
Meanwhile, after Stonebwoy defended himself, he came under heavy criticism for marketing what is reported to be a “Ponzi scheme” to his online followers.
According to some reports, checks from authorities indicate that SIDICOIN is not licensed by all the state agencies in charge of the business it is engaged. Checks from the Minerals Commission, The Precious Minerals Marketing Company (PMMC), the Securities and Exchange Commission (SEC) and the Bank of Ghana, and even the Registrar Generals Department showed no element or attempt of registration by the company, reports indicated.
Per reports, in what is likely an attempt to hide the identities of the persons behind the scheme, SIDICOIN on its official website lists one ‘Funky Klive’ as its founder, and this ‘Funky Klive’ figure is described as “an astute digital technology professional with over a decade experience in tech systems creation and in academia”.
SIDICOIN co-founder, another interesting name, ‘Freaky Erikana’, is described by the website as “a credible hardware tech-savvy with many years of experience in the computer and general electronics hardware space”.
A second co-founder is named ‘Hyperhankie King’ who is also claimed to be “a top business professional with over a decade and a half experience and global business network in commodities trading, energy, and digital media products,” while one Prince Fred, is named as the project manager. What even makes the business more suspicious, per reports is that, the website is using faceless tiger cartoons imagery associated with NFTs for the profile image of the said business owners.
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