Oxfordgold Integrated Limited, an investment company, has refunded Deacon Olaleye Olawode, a father whose investment money it held for months after the due date.

The refund came five days after FIJ published a story detailing the impact of the company’s hesitation in honouring the investment contract on the Olaleye family.

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Benjamin Sarumi, the company’s Head, Corporate Communication, shared the new development with FIJ midday Friday.

However, the company only paid Olaleye the sum of N250, 000, the capital fund he invested, without any Returns on Investment (RoI).  

Earlier, before the payment was made, Benjamin had contacted FIJ to request for Olaleye’s evidence of transaction with the organisation.

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Upon the provision of the details, the company made the refund to Deacon Olaleye Olawode’s First Bank account.

Deacon Olaleye Olawode subsequently confirmed receipt of the payment to FIJ, although he expressed disappointment over the RoI-less payment.

Explaining the company’s reasons for the delay in payment, Benjamin said Olaleye’s issue was as a result of the relocation of their Lagos Chamber.

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“In the case of a relocated chambers for the purpose of renovation, it is only appropriate that office management of the respective chambers takes place once or twice in the year — a decision dependent on the discretion of the Principal Solicitor,” he aid.

“However, the chambers employed by our organisation has given a new temporary address for the execution of its duties to our clients and general public.”