orange maintain standards

Orange Sierra Leone Maintains Corporate Probity
Through a media release put out by the Financial Intelligence (FIU) in the wake of a preliminary inquiry into the operations of SUPER ADVERTIS, an online-based entity which has been enticing individuals to invest in a covert financial scheme through mobile platforms, which involves accepting deposits from the public, members of the public have been advised to be wary of phony financial transactions which are being touted as investments, but which have provided reasons suggesting that such purported “investment opportunities” were a scam.
The entity suspected to have carried out the dubious transactions as named above, is an online-based entity which had been enticing individuals to invest in a covert financial scheme through mobile platforms, which involves accepting deposits from the public, to scam hundreds of Sierra Leoneans across the country.
However, what is important is that through a press statement issued by the Financial Intelligence Unit (FIU) Orange Sierra Leone has been seen to have not in any way colluded, encouraged, or being culpable for being complicit with the scamming machinations of SUPER ADVERTIS.
Sierra Leone’s Financial Intelligence Unit (FIU) said in that statement that Super Advertis used the ‘Ponzi Scheme’, which operates by reimbursing existing investors from contributions made by new investors, rather than legitimate profits from a lawful business enterprise.
“Investors are misled into believing that profits arise from legitimate business operations which in fact originated from new investors’ deposits,” FIU said.
Apparently, Orange Sierra Leone have not been proven to have had any contractual links with super advertis and therefore it is hard to see how Orange would be found wanting given that its orange money platform had been exploited by the scammers to defraud Sierra Leoneans by the mistake of orange money agents who were acting outside their mandated scope of authority to act on behalf of orange as their principal.
Super Advertis scammers were using Orange agents to collect funds on their behalf, but those agents are not authorized to perform such type of transactions. In the law of agency the action of an agent only binds the principal when he or she acts within the scope of the authority delegated to him as an agent, conclusively the action of the Agents of orange who collected money on behalf of the scammers does no bind Orange Sierra Leone as they are not authorized to carry out such activities by Orange and as such when they did they were acting outside their scope of authority delegated to them by Orange Sierra Leone the principal which absolves Orange Sierra Leone of any blame and legal responsibility. However, in spite of Orange Sierra Leone’s legal blame as an institution which takes a paternalistic view of its customers and the people of Sierra Leone when the Establishment (Orange Sierra Leone) got alert of these fraudulent transactions it immediately blocked the accounts of the agents as a damage limitation exercise which would save its image and corporate probity.
Subsequently Orange Sierra Leone reported the issue to the Bank of Sierra Leone which is the foremost and ultimate regulator and awaits the next steps thus epitomizing the institution’s knack to respect authority and need to alert institution mandated to provide checks and balances in the systems and processes of financial institutions.
According to Orange Sierra Leone the account that are blocked have not indicated that the monies therein are related to super advertis transaction specifically, but they had been blocked the suspended and the agents suspended, and that to date all the agents are unreachable.