Nigeria: Man threatens suicide over failure in payment of profits, capital

Nigeria: Man threatens suicide over failure in payment of profits, capital

By Achadu Gabriel, kaduna

Abuja- A man, name withheld, who invested heavily, in millions in Famhzi Agro Investment Company in Abuja has allegedly threatened to commit suicide due to failure of the company to pay him profits and capital he invested.

The suicide attempted man later transfered his anger on the company’s properties and destroyed many, according to an eyewitness.

Several other investors, mostly women and widows who also invested their capital in the company also meted out threats against the Managing Directors and other top management staffs due to the mass failure of the company to pay their profits and capital, for months, as promised.
The company, located at No.15 Zone B, Madaki Lane, Byazine, kubwa in federal capital territory, Abuja, allegedly collected money as capital running into hundreds of millions from interested investors over the years.

Our correpondent who visited the company office reported that tensions have already gone high as none of top management staffs was available to speak to journalists due to threats against them by angry investors hovering the premises.
However, a Team looking lady who gave her name as Mercy and admin officer, said no management staffs was on seat to attend media as the company security officer threatened that no journalists allowed to record statements of threat made by aggrieved investors in the premises.

In fact, those who were cought recording under cover were harrassed and forced to delete them by the private security officer in the company premises and asked to drop their contact details for clarification.

Our correpondent also gathered that individuals invested in the company, between N50, 000 to N1million and even more in terms of cash or transfer through Sterling Bank Account, for profits purposes and materials.
In the company flier obtained, it stated that Famhzi lnterbzi paid their investors or partners, depending on the duration of their Investments.
“Monthly investments will earn 20% plus your original capital less than 20% in the fort months which is retained as registration fees. We also gives investors the benefit collecting their rewards in livestock”, it stated, among others.

Insider sources said the payment of 20% profits later dropped to 10% before the COVID-19 pandemic which allegedly forced the company zo stop payment completely due alleged lack of profits arising from lack of business activities during the period.

The bubble bursted when investors, promised to be paid their profits from April failed to materialized till date to the alter dismay of many investors who could no longer stomach it for not receiving bank alert as usual.
A woman who introduced herself as widow who vent her anger openly to one Malakai, a gate man, and was recorded under cover, threatened that she would return back fire for fire to see the MD or the HOD, saying she a widow and invested millions but could not be paid her profit and capital putting her starvation and hunger.
The Byazine nearset Police division contacted, confirmed that it has received several reports and notice of threats by investors from the company but said it’s a civil matter.
An investor who did not want her name mentioned said the company failed and promised to returned capitals to investors but failed to meet up with the demands.
Findings revealed that the women owner of the company is however busy building edifice with the investors money within the areas, provoking more reactions.

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