Crisis looms as Famhzi Coy hurt profits payment over alleged security investigation

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From ldibia Gabriel, Kaduna
An ailing investment firm,  Famhzi Interbiz company is currently under investigation by Security and Exchange Commission, SEC, the founder and Managing Director of the company has alleged.
A statement issued by the MD and made available to our correspondent stressed that the money spinning company failed to meet up with payment of profits for months which attracted series of threats and attacks on the company staffs. The MD, Hajiya Maryam. O Suleiman who did not specify any new date of payment however stated that until the company is cleared of the issues under investigation, it cannot make any refund to Investors. Haj. Maryam allegation was  collaborated by a staff in the complaint department of the Agro investment company, claiming Bashir, but investors dismissed the claims, describing it as false and delayed tactics.

The statement reads: Good Day Ma/Sir. The current situation that is going on in the company is that the company has been placed under investigation by SEC (Security Exchange Commission). So currently the company can’t make payment to the investors or take payment from Investors. “With the current situation going on, it’s until the SEC has cleared the issues with the company before refund of investment can return”.
investigation revealed that the company had consistently been under intense threats and attacks for inability to refund profits and capital to the affected investors estimated at over 11, 000.
Investors, mostly widows, women and men who invested their money in the company located at No.15, Zone B, Madaki Lane, Byazine kubwa, Abuja, are said to have been threatening thunder and storm, for failure to pay them normal profits after several months.
A man who allegedly attempted suicide after several appointment to get back the millions invested failed, transferred his anger on properties of the company and destroyed several of it, according to eyewitness.
Similarly, a pregnant woman also allegedly collapsed in the company premises due to shocked over non payment of her profits and capital for months, but eyewitness attributed the tragedy to hunger. The MD claimed she was recently arrested and interrogated by security operatives of the Police, DSS and others, but was able to wriggled her way out, against the wishes of hundreds Investors, and bragged that “the more she’s dragged to the security, the more the delay in terms of the payment.
Prior before the alleged arrest, the MD and many of her staffs were reportedly attacked severally by aggrieved investors seeking refund of their monies trapped in vain.
Armed mobile police and military officers were reportedly hired to secured and prevent the attacks, but failed to ease the tension and threats as a result of inability to convinced Investors who were fed up with continued promised and failed tactics of the management.
Contacted, the MD and other top management staffs were unavailable to speaks, a female staff claiming to be an admin official told our Correspondent  to call back for another time to see the MD, but warned against any attempt to record people’s voice undercover, without their permission.
Earlier, the management staff however blamed their failure to pay profits, on low business activities during the lockdown orchestrated by COVID-19 pandemic.
Finding revealed that the company collected millions of naira as capital from vulnerable investors through persuasion and promised to pay them fantastic monthly percentage in return, but failed to sustained it.
A company flier obtained stated that the “Monthly investments attracts 20% plus your original capital, less than 20% in the fourth months which is retained as registration fees. “We also give investors the benefit of collecting their rewards in livestock”, the flier stated, among others.
Insider sources and a victim however revealed that trouble started when the 20% capital profits dropped to 10% between December 2019 and February 2020, before the COVID-19 lockdown, saying the company stopped payment completely since March 2020 hitherto. A woman who introduced herself as Widow and who was recorded undercover when she attacked a staff verbally  threatened to speck surprises when she return back without getting the MD or the HOD for her money. She said she’s a widow and had invested millions but could not be paid her profit or capitals to feed under the current starvation and hunger situation in the country.

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