Over N3 billion at stake as frustration, uncertainty clouds investors at Foxygreen

Ayodele Hamzat started with Foxygreen in July 2020, enrolling in a short-term investment plan involving catfish breeding.

According to information on its Facebook Page, Foxygreen is an agrotech company providing agro-based investment opportunities to individuals and corporations as well as livestock, warehousing, and logistic services.

This was at the peak of the global pandemic that had halted commerce, grounded global travel, and threatened to upend the trade of physical goods and services.

Yet, Foxygreen which also operated as a multipurpose cooperative partnership, was able to deliver, paying back capital plus interest to Hamzat. This was all he needed to embark on a second investment journey; the returns were too “sweet” to ignore.

The fact that he was able to secure his returns as agreed was enough comfort to believe this was a viable company to keep investing in. According to Hamzat, the company paid 8% monthly over a 16 months period. However, the returns start counting from the 5th month, and then capital is repaid after 16 months. It only made sense, he thought, to proceed.

Unknown to him, he had just opened the door to a shadowy path.

Hamzat is not the only one on this table frustrated about the non-payment of their investments.

According to our findings, over a thousand investors with investments totalling N3,000,200,000are at stake. For some of the investors, it was not their first time as they misunderstood the fake out for a rosy one and hence invested a large chunk of their wealth hoping to get a mouthwatering return.

Unfortunately, it is frustration and uncertainty that they have received so far.