2 Die, Others Hospitalised Over Failed Financial Investment Scheme In Oyo

Two people have reportedly lost their lives over a failed investment scheme in Ibadan, the Oyo State capital.

Our correspondent gathered that several other people were hospitalised as a result of the failed investment scheme.

Subscribers of the scheme, christened ‘Agape Trade and Agape Thrift’, made these revelations during a press conference held in Ibadan, the Oyo State capital, yesterday.

The spokesman of the subscribers, Mr Abiodun Mustafa, while addressing journalists, noted that over 950 people invested in the scheme founded by Mr Enoch Adeoye.

Mustafa, who noted that the scheme began in Ibadan in January 2024, stated that all efforts made by subscribers to receive returns on their contributions have not been successful since last year.

He maintained that two people lost their lives while several others `were hospitalised due to their failure to get returns on their investments.

He added that many people have been traumatised and have suffered humiliation due to the failure of the founder of the scheme to pay them as expected.

Mustafa further disclosed that the subscribers have written a petition to the Economic and Financial Crimes Commission, EFCC, urging the agency to wade in.

He used the opportunity to appeal to EFCC to investigate the matter accordingly.

Addressing the EFCC management, Mustafa said, “We have 950 members who subscribed to this scheme. Many of us are in Ibadan.

Here we have representatives of various subgroups.

“Members are scattered all over Nigeria. We have been waiting for over a year to recoup our investment. He paid us during the first three months, but he stopped after that.

“So, all efforts to get returns on our investment since then have proved to be abortive. It was after this occurrence that we gathered to hold a press conference.

“The hallmark of the establishment of the EFCC was against the background of the culture of financial crimes which pervades our society. It has affected the fabric of society, snowballing into debilitating moral decadence that affects innocent Nigerians within the civilian populace and all other institutions.

“In light of this petition, it is our candid opinion and respectful submission to you sir, that these despicable acts of the suspect on our clients are not only illegal and unlawful but amount to criminality to which the extant laws of the land frowns at and to which your good office is saddled with the constitutional duty to apprehend, investigate and prosecute if found culpable.