Over 250 investors may have lost their life savings after the collapse of a buiness scheme run by an agro firm, Eatrich Farms and Food Limited, Lagos State.
They expressed worry over their unpaid dividends and capital and the disappearance of the company founder, Sam Afolabi.
The investors, who noted that the company promised certain returns on investment for a particular duration of period, said the founder used some celebrities and Nollywood actors to lure people to the scheme.
Among the promoters were a Nollywood actor, Muyiwa Ademola, and a social media influencer, Blessing Akuakanwa.
One of the victims, Emeka Asoegwu, said he invested N1m after he learnt that the firm was insured.
He said, “In May 2021, I invested N1m into their water plant production, which was supposed to run for six months, after which I should get my capital and return on investment, which was about 30 to 35 per cent. Around July, there was a call out by one of the investors, who had breast cancer and needed urgent treatment, but she could not access her funds. I started asking questions from their brand influencers why she could not access her funds and I was told that nothing happened. I was reassured that all was well with the company.
“I was relaxed because my investment had not matured; but when a similar thing happened to another investor that he could not access his money when the investment matured, people got alerted that something was wrong with the…