When Jide Okoro (not real name), an Ondo State resident, invested N3.6 million with Requid Technologies, an Agro-investment marketplace, in 2020, he did so hoping to make profits months later.

While advertising its portfolios to Okoro, the company had promised attractive returns on investment (ROIs) over a six-month period on its wide range of investment opportunities.

Okoro liked the profit margins Requid Technologies offered and decided to invest in the company’s rice and fish farming portfolios.

“During the period, I paid a total of N3.6 million to Requid Technologies, and it was spread across three separate investments made through transfer into the company’s bank account,” Okoro told FIJ.

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“On June 6, 2020, I purchased 190 units of the rice farm investment from the company with N900,050. I was promised an ROI of N316,000 after six months on that particular investment. In October of the same year, I also made a N2.5 million investment and another N200,000 investment in the company’s fish farming portfolio.

“Since 2020, however, Requid Ltd. has refused to pay me all the capitals I invested in their rice and fish farming portfolios. The company has also refused to pay me the profits I was supposed to make on the investments.”

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Okoro told FIJ that since the company took the money from him, it had gone mute on all its social media platforms. The company has also refused to respond to the complaints Okoro made via phone and email.

“There has been no response for up to two years. The company has disappeared. They no longer post their activities on their social media platforms too,” Okoro said.

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“There was a time the company organised several online video meetings pleading with their investors to give them time so they could make repayments. They still haven’t paid.”

On Monday, FIJ dialled the phone number made available on Requid’s website for comments, but the line was unavailable. The email subsequently sent to the company on the same day had also not been responded to at press time.

FIJ had earlier published a story about the company’s fraudulent activities.