Investigation revealed that as soon as the companies arrived the city they rented properties as office in choice areas, recruited agents, canvassers and adopted various arm twisting tactics to lure investors to buy slots, promising them 100 per cent profit after 35 working days of their investment.
Narrating his ordeal, a business centre operator in Olomowewe area of Offa, Mr. Ayinla Kolawole, said: “The companies came in September 2010 and they were distributing handbills that they were oil and gas investment companies which require large sum of money as such they need people to buy shares from them and at the end of 35 working days their profit will be 100 per cent of their investment.”
Kolawole lamented that he started with N10,000 and was paid N20,000 .
“This encouraged other people to start investing large sum of money in these companies. But by January and February ending when the date for payment came people started to increase their investment in thousands and millions which later culminated in cash crunch and this infuriated the investors who went in large number to attack the company’s office close to Idi Ogun Garage along Federal Polythenic Offa.”
Wearing a mournful look, Kolawole said he invested over N750,000 but appealed to the government to help them trace the people.
“We know we are at fault but we thought when they have Corporate Affairs Commission (CAC) registration number; with e-mail addresses that made many people think they are genuine,” he said.
“As for me, I have taken it as an act of Allah but what of those who cannot bear it. Some of them are in hospital because of the shock while about three died on hearing that the people have disappeared. There was a woman who sold all her belongings including her brother’s landed property. Imagine how she will feel. She is dead.”
Some people in Offa alleged that the Olofa of Offa, His Royal Highness, Oba Mohammed Oloyede knew those companies. However, the Principal Private Secretary to the Olofa, Mr. Tajudeen Oloyede denied the statement, saying; “the palace was sad about the incident that it was after the scam that people informed the palace and if the palace had been informed earlier, the Kabiyesi would have warned the people. The Olofa did not know this people from Adam,” he said.
Oloyede declared that the Oba felt disgusted when he was informed that top security agents in the town were even involved.
http://sunnewsonline.com/webpages/news/national/2011/mar/14/national-14-03-2011-022.htm
| Posted: at | |
divineproject
vantheo
monday3
ajanni
brownsuga007
TRENDING GISTS 
Oba Elegushi & His Second Wife Celebrate 5th Wedding Anniversary
Nigerians Drag Singer Teni For Disrespecting Ex Pres. Buhari But Prostrates Before Socialite
Nollywood Legend, Genevieve Nnaji Celebrates 45th Birthday Today
Last Video of Lady, Kandoon Louisa Before She Was Found Dead And Dumped at a Junction in Abuja
About 9,000 Petrol Marketers to Lose Their Licences Over Current Fuel Scarcity in Nigeria
Lady Recounts How Her Friend Got 'Hypnotized' By Suspected Ritualists After Offering N500 To A Beggar In Lagos