Oxfordgold Integrated Ltd. has returned N250,000 invested by Deacon Alawode Olaleye in 2021.
The money was returned in July, three months after FIJ reported how the investment company failed to pay Olaleye’s investment capital and returns as and when due.
“I just want to extend my appreciation for your immense help. Through your intervention, my daddy was able to recover the capital amount he invested in Oxford Gold, and it has been a huge relief to me and my family. May God Almighty bless you for all you’ve done. Thank you once again,” Olaleye’s daughter told FIJ in an appreciation message.
In 2021, Deacon Olaleye invested N250,000, which was his entire savings at the time, with the hope of using it to pay his children’s school fees.
The investment was to reach maturity in November 2022, which was 16 months later. He was meant to get N361,000, but Oxfordgold dashed his hopes.
The company failed to pay him both the investment capital and the expected benefits in 2022, and all efforts to recover the money earlier this year were futile.
READ ALSO: ‘I Want My N5m Back’ — Another Victim of Oxfordgold Investment Company Speaks
Oxfordgold’s failure to pay the man caused his family a lot of distress, as his business crashed and he was forced to sell everything he had to pay his children’s school fees.
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