Joshfad Company Ltd Inc, an investment platform which specializes in the trading of the foreign exchange market, real estate and other businesses with a monthly return on investment of 20% have defaulted from paying investors their ROI and their capital.
Information reaching us suggests the company managed by Fadugba Joshua may be oblivious to the root cause of the issue as the company initially claimed payments were halted due to an agent carting away fifteen million naira.
Only to return a week after to claim payments was to be halted for unforeseen circumstances.
The company has now responded by saying It would be doing a Proper auditing of the company’s account to ascertain the capital to be paid to the Investors. And Since they also have properties spread across states in Nigeria, they need to identify properties by going for physical inspection on them. These Contacting an Independent Valuer to value these properties so as to ascertain the worth of the properties. Their valuation of the time frame in which this will be done is 60 working days.
These buildings and lands the company claim will be used to pay off investors.
CrayTv will like to see how this unfolds. We will release more information as soon as they get to us.
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