Odemwingie (not real name) has accused Charles Iheanacho of Farms 32 of defrauding him to the tune of N200,000.

He told FIJ that he heard of Farms 32 in February and subscribed to the company’s investment scheme the following month. He said he became convinced of Farms 32 when Iheanacho offered him 13 percent monthly return on investment (ROI) for six months. Iheanacho also promised to return his money at the end of the six-month investment period.

Six months after investing, Odemwingie realised that the firm was not the gold Iheanacho had portrayed it to be.

“After he sent the last ROI for September, he failed to send the capital. Iheanacho later promised to pay me my capital between November 1 and 7, 2021. But since then, he has only communicated with us via one or two emails and Zoom,” Odemwingie told FIJ.

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“He also promised late November and December last year, but he never paid. He is yet to return my calls or emails. He last communicated with me via an email, promising to pay up between January 31 and February 15, 2022. But he hasn’t done so yet.”

Odemwingie’s allegation is also consistent with a teacher’s statement. The teacher, who preferred to be anonymous, told FIJ that he and his wife invested N500,000 and N150,000 respectively in Farms 32 on April 2, 2021.

The teacher said Iheanacho promised him 40 percent ROI in three months. He also promised the teacher’s wife 11 percent ROI within the same period.

The teacher said he pestered Iheanacho with calls and texts for the ROI promised, but he said he was busy and couldn’t answer calls.

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“When he finally paid, he suggested to me that my wife and I reinvest with him. We did. And he paid our ROI. In October, Iheanacho was to pay us our capital of N650,000, but this became an issue. Ever since, he has been telling inconsistent stories via emails to avoid paying us,” he said.

Favour Ochor, another investor, said she invested N200,000 in Farms 32’s investment scheme in March 2021. Iheanacho promised 13 percent ROI monthly with her capital intact, but it did not happen.

She said Iheanacho paid her 13 percent ROI for six months and vanished with her capital.

When FIJ called Iheanacho of Farms 32, he declined to comment. He said he was not answerable to the general public but his investors alone.

“There are certain things that we cannot respond to. We do not owe the public explanations. We are in a mess,” he said.

“We are trying to recover from the issues we had last year. So, we would never respond to any of the information online. We are only concentrating on the investors.”

Earlier, FIJ reported that Farms 32 investors alleged that Iheanacho had defrauded them. Responding, he said FIJ published lies against him. But some of the earlier sources claimed he was yet to pay them.