Published 26th May, 2023

By Abimbola Abatta

Layo Owoyemi (not real name), a Lagos State resident, has accused Oxfordgold Integrated Limited of breaching an agreement after taking her N9000,000.

Owoyemi told FIJ she invested N500,000 and N200,000 in the company’s agricultural investment plan in September 2021.

According to the terms of agreement, she would get 35 percent cash value return (CVR) on each investment at the end of 12 months.

In January 2022, a few months into the first two investments, the Lagos resident invested another N200,000.

She told FIJ that unlike the previous agreement, she was to get 40 percent CVR alongside the investment capital after 13 months.

The deed of agreement between Oxfordgold and Investor — The deed of agreement

But according to Owoyemi, Oxfordgold breached the contract agreement as she got nothing.

“I did my findings before investing with them. I went to their office, asked questions and made inquiries,” said Owoyemi.

“While I was investing my money, the company attached a post-dated cheque comprising the return on investment and the investment capital.”

Owoyemi said the company emailed her last June, informing her not to present the cheques at the bank.

“Since then, it’s been one email after the other, asking us for patience and more patience,” she said.

“I even went to their office in Gowon Estate, Egbeda, where I learnt that the company’s building was undergoing repair. But my money is yet to be returned.”

When FIJ called Oxfordgold via a phone number obtained on its Facebook page, the official who answered the phone asked Owoyemi to exercise more patience as the company was already working on refunding its investors.

“The investors don’t want to be patient. They don’t want to wait until it gets to their turn to get paid. We have been settling the issues one after the other. We are not running away from paying them. We will definitely pay everyone,” said the male official.

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