Lagos couple lament N594m loss to investment schemes

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The management of Oak and Timber Resources Limited has accused an Abuja-based businessman, Adama, of fraud to the tune of N594,441,201.

“A lot of these people don’t believe that the money they gave us, we invested it in Adama’s companies.”Ahmed said, “After writing petitions bordering on fraud, diversion of funds, and receiving money under false pretences against Adama and his companies to security agents, including the EFCC, on January 17, 2022, my client sent us a mail indicating that one Napoleon Chambers sent a mail stating that it had on behalf of Adama’s companies petitioned the EFCC, DSS and other security agents.

“So, they wanted the security offices to wade in so there won’t be a threat on their director’s lives and property. But on January 27, when we wrote a counter-petition to those offices they petitioned, we were told they never received their petitions and that they would only be treating our petition.

“So, the EFCC told both parties to print out bank statements and the bank statements of my client indicated that the amount stated was paid into Adama’s account. The meeting was held on June 28, 2022, and Adama later agreed to pay N100m in three weeks in July 2022, but didn’t pay any money till date. When we didn’t hear anything, we spoke with the EFCC’s representative who told us that Adama only dropped a bank draft of N1m. We want the matter taken to court.

He said, “The name you mentioned is my client and I have a retainership agreement with that person and we are currently rendering legal services.

 

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Hmmmmm

When you desire to be greedy then be prepared to be scammed!!

Relatable, regrettable, sad!

Who loses such amount on investment?. Dm use something for una ni?. How na?

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