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Man allegedly attempts suicide over company’s failure to pay profits, capital in FCT

by Achadu Gabriel, Kaduna

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

Several other investors, mostly women and widows, who also invested their capital in the company, equally 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 the Federal Capital Territory, Abuja, allegedly collected money as capital running into hundreds of millions of naira from interested investors over the years.

Our correspondent, 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 stern-looking lady, who gave her name as Mercy and admin officer, said no management staff was on seat to attend to media, as the company security officer threatened that no journalists is allowed to record statements of threat made by aggrieved investors in the premises.

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

Our correspondent also gathered that individuals invested in the company, between N50,000 to N1 million 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 Interbzi 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 give 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 to stop payment completely due to alleged “lack of profits” arising from lack of business activities during the period.

The bubble busted when promises made to investors – to be paid their profits, from April – failed to materialize till date, to the utter dismay of many investors, who could no longer stomach it for not receiving bank alerts as usual.

A woman, who introduced herself as widow, who openly vented her anger to one Malakai, a gate man, and was recorded undercover, 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, thereby putting her into starvation and hunger.

The Byazine nearest Police Division, which was 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 promised to return capitals to investors but failed to meet up with the demands.

Findings revealed that the woman owner of the company is, however, busy building edifices with the investors’ monies within the areas, provoking more reactions. 

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