Woman MD disappear with profit, capitals Worth millions of naira

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…As EFCC lets her off hook

By Achadu Gabriel, Kaduna

Barely one year after, the Managing Director (MD).
Famzhi Agro lnvestment Company, claiming Hajiya Maryam is nowhere to be found with the multi-million naira profiit and capitals belonging to those who invested in her Money spinning firm.
The company, located. at No. 15,. Zone B, Madaki Lane Byazin, kubwa,, Abuja, collected the monies from vulnerable Nigerian , mostly widows, women, retirees and unemployed, has gone down the dream.
Popularly known as Hajiya Maryam, the Ebira strong woman was on several occasions dragged to economic and financial crimes commisson (EFCC), ICPC and other relevant anti-graft agencies by aggrieved investors, but was let off the hooks after allegedly bribed her way.
Trouble started last year February 2020 when the company became bankrupt and could no longer afford payment of profits to it’s numerous investors anymore.

Earlier, the Management of the company which had blamed their failure on COVID-19 lockdown, Pledged to resumed payment of profits in April 2020 but failed to fulfiled her promised, a development which triggered demand for refunds of capital by the investors in accordance with the guiding rules.

A pregnant woman who invested all her money in the company allegedly slumped in the company’s premises due to shocked, when she discovered the firm had gone bankrupt, but was later rehabilitated and rushed to hospital, according co -investor eyewitness account who attributed the incident also to hunger.
Our Correspondent who visited the company reported that the MD had at sometimes engaged the services of Mobile Policemen to protect staffs harassment and threat by aggrieved investors coming to seeks for their money trapped in the company on daily basis in vain.
Investigation revealed that a man, (name withheld), who invested heavily in the Famhzi Interbiz company also allegedly attampted suicide due to failure of the management to pay his profits and capital invested for a long time.
Eyewitness said the man who attempted suicide togather with other investors later transfered their anger on the company’s properties and severly destroyed several of them openly.
Further investigation revealed that several other investors had threatened the life of the MDi one Haj. Maryam and other top management staffs due to failure of the company for.momth.
Findings also revealed that the company collected millions of money as capital from vulnerable investors through persuasion and promised them fantastic monthly percentage but failed to complied.

Our correpondent also gathered that individuals invested between N50, 000 to N2 millions each, and even more, in terms of cash transfered to the company’s Bank Account with Sterling bank for purpose of profits amd.mateirls gains.
In the company flier obtained, it stated that Famhzi lnterbzi paid their investors or partner some paersebtage, depending on the amount and duration of their Investments.
“Monthly investments attracts 20% plus your original capital, less than 20% in the fourth months which is retained as registration fees. We also gives investors the benefit of collecting their rewards in livestock”, it stated, among others.
Insider sources said the 20% profits later dropped to 10% between December 2019 and February 2020, even before the COVID-19 lockdown, adding that the company stopped payment completely since March hitherto.
The bubble bursted when the promised to paid investors profits from April 2020 failed to materialized, to the abbismal dismay of the investors who could no longer bear the promise and faile company’s tactics.
A woman who introduced herself as widow vented her anger openly on one Malakai, a company staff, and threatened to spack surprise when she return back without seen the MD or the HOD,.
She.said as a widow she had invested millions but had not be paid her profit and capital, making putting and her children in hunger and starvation.
Contacted, the Police station nearer to the company confirmed the information, amd.said they’ve been receiving several complaint and notice of threats to the company’s staffs by aggrieved investors, but stressed that “it’s a civil matter.
An investor who did not want her name in print said the company which promised to refund profits and capitals to investors aslo failed to fulfill the promised, after collecting bank details.
Findings also revealed that the sole founder of the company, already closedown, however built edifice in the area with the investors money, which provoked more negative reactions. End

Nigerian News