Angry Investors Storm Lekki Office Of Investment Firm After Failing To Pay ‘Mouth Watering’ Returns
The office of an investment company, Quintessential Investment Company located at Osapa London area of Lekki was stormed by distraught investors who had invested fortunes but could not get returns as promised.
The firm whose operations are shrouded in secrecy only disclosed in a video posted on its website that monies invested formed a ‘ working capital for partners’ who are ‘trading in alternative assets’ .
It promised investors 25 percent interest monthly on sum invested and additional 5 percent on referrals.
CompleteNewsNg.com learnt that trouble started when the company failed to pay investors whose investments reached maturity in the first week of January, 2021.
Affected investors who confided in this medium said that the managers of the investment company attributed the delay in payments to ‘banking issues’.
In a video exclusively obtained by Complete News on Monday, investors who are mostly young Nigerians were seen agitating at the main entrance of the company as men in security outfits prevented them from accessing officials to vent their concerns.
When reached by Complete News on the allegations of fraud, the CEO of the embattled investment firm, Joshua Kayode in a text message denied allegation of fraud insisting that the investment scheme was genuine.
“A fraud attending to people at the office?, A fraud Answering people’s questions on social media? A fraud with active customer care lines (just opened)? QUINTESSENTIAL IS NOT A FRAUD.
“We only have delayed payments, that’s all and all is being resolved. We never intended such inconveniences to people. Thank you for reaching out. Thanks”, Kayode replied to Complete News enquiry.
Further questions on if Nigeria’s Security Exchange Commission, SEC approved the firm’s operations and how sustainable is 25 percent mouth watering returns are yet to be replied as at 2:30pm when the story was filed.