An investment management company in Asaba known as DW-Arerben has been attacked by angry investors over non-payment of Return on Investment (ROI) due since December 2020.
The office of the company on Okpanam road was shut as customers were seen in groups discussing the matter.
None of the staff of the company was present.
DW-Arerben Global Investment Ltd started activities in Asaba in 2017 and was popular among residents.
It was learnt the investment company with a specialty in foreign exchange (forex) veered into cryptocurrency and real estate.
The Nation gathered that cash payouts to clients have not been paid since November 2020 as clients who were due to be paid interest on capital were unpaid.
A lady who resides in Anambra State but craved anonymity narrated how she rushed from Lagos where she had gone to procure goods after failed efforts to contact the staff of the company.
Her words; “The mobile phone contacts of their staff that I used to communicate with are either switch-off or they are not picking their calls. I could not carry on with my good’s procurement in Lagos, after all my business depended on the money I invested in the company.”
She said she invested N300, 000 and was expecting interest of N156, 000.
Continuing, “It was under the three months which I invested on September 17, 2020, and was due to be paid on January 17, 2021. My greatest pain was that unlike other investors, I was not able to collect a single interest payment.”
Another aggrieved investor of the investment management company, Uche Jibunor, a civil servant, claimed he borrowed N500,000 from four cooperative societies that she belongs to, amounting to N1 million.
He said, ” Today, my children have been sent away from school for non-payment of school for non-payment of school fees. My rent is due to be paid later this month. Yet, I have no monthly salary to draw from as the whole money goes into repayment of money from cooperatives, while the return on investment which I planned to fall back on is not forthcoming.”
But the company in a swift reaction, via text, denied being evasive.
He said, “We are making progress on payments, as stated in the schedule we shared earlier, please anticipate your smile bringing alert soon. Unfortunately, some of our branches had been closed following attacks by aggrieved investors. We appeal to you to help us assure our staff of their personal safety and sanity, as this will boost their productivity to deliver as planned and we thank you for trusting us.”
This article is sourced from:https://thenationonlineng.net