In what is shaping up to be another investment fraud in the mould of MBA Forex, Nigerians who invested in Oxfordgold Integrated Limited, are currently smarting over their millions of naira worth of investments, as the company’s promoter, Dr Teni Adesanya, has absconded with the funds, and is nowhere to be found.
Many will remember Maxwell Weli Odum, the now notorious promoter of MBA Forex and Investment Ltd, who had promised investors a whooping monthly 15 percent return on investment, lured hundred in, and bolted their with funds running into billions of naira.
But while Odum and promoters of similar fraudulent investment schemes have made the news, not many have heard about Dr. Adesanya and his firm, Oxford Integrated Limited.
Promoted as an agric crowdfunding company, with corporate office at plot 168b, 1″ Avenue, 111 Road, Gowon Estate, Egbeda in Alimosho Local Government area of Lagos State, Oxfordgold Integrated Limited, promised investors healthy returns on investment to be paid from proceeds of crops grown with the invested funds.
One of the unsuspecting victims who fall into the trap is Victoria Oloko (Not real name) who in March 2021, invested her hard earned N1.5 million, with the hope of getting over N1.85 million in return upon maturity, in May 2022.
“I invested N1.5 million in the company on March 16, 2021, which matured on May 16, 2022, but he (Adesanya) refused to pay me the agreed some of N1.98m at maturity,” a distraught Oloko narrated to THE WITNESS.
“Since then, it has been one story after another. I went there several times and he kept telling me different stories. Now, he’s nowhere to be found. But he has to give me my money.”
At some point during Oloko’s constant visits, the Adesanya gave her a dude check, which, of course, was turned down at the bank.
“He gave me a check sometime last year, but when I went to the bank, it bounced,” Oloko lamented. “Since then, I’ve not been able to reach him.”
THE WITNESS made several efforts to reach Dr.Adesanya for his own side of the story, but all to no avail. He could not be found in his supposed office, and did not take calls to his phone line, neither did he respond text messages sent to him.
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