Investors Threaten Showdown With Famhzi over Unpaid Profits, Capital

    Bundles of one thousand Naira notes

    *over 11, 000 widows, others besiege coy
    .”we’re refunding capital, profits – MD

    By; KATO P. LADAN, Kaduna

    Over N11, 000 Nigerians who were said to have invested  capitals in Famhzi Agro Investment Company based in Abuja have continued to threatened the management staff of the company over non-payment of profits.

    Investigations revealed that the company failed to pay profits to the over 11, 000 investors who invested between N4 million to N50, 000 each, between April and July 2020, as a result of COVID-19 pandemic.

    The Managing Director of the company, one Haj. Maryam and other top management staff said the company has money and promised to refund the capital and profits after series of threats by investors due to the mass failure to pay profits. 

    Already, a man, names withheld, who invested millions in the Famhzi Interbiz Company allegedly attempted suicide but later transfered his anger and destroyed the company’s property, due to the  failure to pay his profit, eye witness  said.

    Findings also revealed that the victims, mostly widows and women who invested their capital in the company are threatening to deal with the Managing Director, one Haj Maryam and other top management staff, as a result of failure to pay their profits and capital, as promised.

    The company, located at No.15 Zone B, Madaki Lane, Byazine, in kubwa, in Abuja, allegedly collected hundreds of millions of Naira from interested investors over the years as capital through persuasion.

    Our correpondent who visited the company reports that the MD and all other management were unavailable  to address journalists, apparently due to the threat by aggressive investors hovering the area, creating tension.

    However, a  lady who gave her name as Mercy an admin officer, said no management staff were on seat. 

    A company security officer threatened journalists for recording threat statements uttered by some aggrieved investors waiting for the MD, HOD and other management staff in the premises for not paying their profits and capital.

     Some journalists who recorded aggrieved investors threatening and shouting to the rooftop, under cover, were harrassed and forced to delete them by company the security in the premises, they were however asked to leave their numbers for MD to contact them. 

    A company flier obtained stated that the organization pays their investors and partners based on the duration of their Investments.

    “Monthly investments will earn 20% plus your original capital less than 20% in the  months which is retained as registration fees. 

    “We also give investors the benefit collecting their rewards in livestock”, it stated, among others.

    Insider sources said  profits dropped from 20% to 10% before the COVID-19 pandemic, which attributed to the company’s  failure  to pay profits,  allegedly arising from lack of business activities due to the pandemic.

    Bubble bursted when investors, who were promised April for profits failed to be credited till date, as many could not receive their usual bank alerts.

    A woman and widow who was recorded threatening, said she was going to come and collect her money by all means, saying she invested millions and left to be hungry because of non-payment of profit and capital invested.

    Police at Byazine Division confirmed that they have received several reports and notice of threats by investors from the company but said  that it was purely civil matter.

    An investor who did not want her name in print said the company promised to payback capitals to investors but failed to meet up with their promise.
    Findings revealed that the company is busy buildings edifices with the investors money within the area, provoking more reactions.


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