20th September , 2020.

Federal Republic of Nigeria, 

Federal Bureau of investigation, 

Nigerian Police Force, Head Quarters FCT Abuja. 

Embassy of United Arab Emirates

Senate committee on anti-corruption and financial crimes (senator Suleiman kwari)

Senate committee on trade and investment (Sen. Rose Oko)

Federal Competition and Consumer Protection Commission (FCCPC)

Embassy of Saudi Arabia  

Embassy of United States of America..

Embassy of United Kingdom
European Union

Inspector General of Police,

Economic and financial crime commission, 

National Rights commission,

The Federal Ministry of Justice,

HQ
Plot 71B Shehu Shagari Way,
Maitama Abuja,

Public Complaints Commission of Nigeria,

5 Aguyi Ironsi Street, Maitama, Abuja,

Nigeria.

Human Rights Radio /Mr Ordinary Ahmed, 

Human Rights Activists C/O

Femi falana

Mr.Segun Awosanya Of SIAF, 

The Management,

Famzhi interbiz limited

Behind Byazhin Kubwa Primary School, 15 Zone B, Madaki Lane,

Abuja, Nigeria

This petition is to formerly bring to your attention the present situation being experienced by most investors of Famzhi interbiz Limited a conglomerate company situated in the Kubwa axis of the FCT, meted  by its management which have failed to adhere to the best practices of every good willed going concern. Hence, we the concerned investors who have exceeded all limit of controllable tolerance being exercised by most investors and as a result of the lack of confidence in the integrity of the management in keeping up with the information passed on to investors of Famzhi Interbiz limited, do hereby wish to pen down the following and appeal that the authorities, activists, civil society as well as custodians of law and justice kindly assist us in ensuring the grounding of any anticipated international trip as well as other local trips being engaged by the MD Hajia Maryam Suleiman within the next couple of months. Embarked upon or by deemed to be embarked upon by the said Managing Director of Famzhi interbiz limited. Mrs. Maryam Suleiman, who after opting to make capital refunds and accrued returns on investments to over 15000 investors due them, have refused to understand that investors are human beings and are eagerly expecting to get back their refunds in record time, as such funds forms a major part of their livelihood especially with this present situation of the pandemic which has been a major part of her numerous excuses so as to give the process priority.

However as investors we believe her postulations are not true as we believe that the going concern is engaged in essential goods which has constant demand devoid of the pandemic.

We make bold to say that as investors, if the management claims otherwise then an independent committee be set up among the investors to vet the books of the organization and really ascertain the true statement of financial position of the company.

Also the decision to solely engage in calling each investors by phone call before making their refunds is crude and unacceptable as before now there have been an automation process and calls have been put across to almost all the investors during the period of the lock down, there by ascertaining the genuineness of all investors so called  and as such  the refunds can be done using those confirmed data and precious time can be saved.

Her and her team's actions have led to the frustration and eventual demise of some of the investors whose referrals and those close to them have bitterly complained on the virtual forum of the platform of the organization on telegram.

Also to state is the fact that many of the affected investors whose signatures have been appended here with are facing different difficulty both health wise as well as financially,  yet can not be able to get a definite time on weather they will be alive to get back their monies, owing to the crude method of refund process that the MD has decided to embark upon to do the refund, and such is not entirely acceptable by most investors who are desperately in dire need of both their capital and the accrued returns on investment which was  initially the basis for investing in the conglomerate.

The company is a registered business entity in the federal republic of Nigeria and does business within and outside the shores of Nigeria it also receives investments from interested investors all across the country and as well as from  those in diaspora.

The company upon noticing that the covid 19 is on made a publication that Covid 19 does not in any way affect them and hence kept receiving funds from unsuspecting citizens of Nigeria. And only to start giving one excuse and another for not being able to meet up and onward slashing of the acceptable returns it promised her investors.

Upon investing with the company it is information contained in the tenent of the organization states that ROI is benchmarked at 10% least as it can be more however capped at a maximum of 20% Monthly.

Due to the pandemic the management slashed downwards to 5% which all and sundry accepted given the present situation of the covid 19 pandemic. However business never stopped as the company engages in essential products.

We the aggrieved investors are concerned as to the real status of the company as the management has constantly broken all the promises made to her esteemed investors and have consistently  the done so for the past 5 Months and still counting 

The management and CEO Madam Maryam Suleiman made claim to the safety of the investors funds and assured that should there be any financial issues with the company the assets of the company would be offset to settle her investors.

We are aggrieved because her decision to refund came as a shock because investors anticipation of her promise that by 1st of August all apparatus would have been set to get the system working smoothly again and prior to that date a refund memo was published and got the whole system further distabilized. 

Also why we are aggrieved is the total disregard and insensitivity of the fact that human beings, plan and make decisions based on concrete information dissemination and the lackadaisical attitude of the MD CEO who has failed to cancel all other engagements to give a professional solution to the matter on ground as every now and then she is busy traveling all around the country without quelling or making arrangements on how to avert the situation from reaching the public space.

Furthermore, we are aggrieved because she divided investors in to two halves and called some old investors while shall calls the others new investors and the so called new investors are receiving their returns based on what they call the new Famzhi rules which is yet to be communicated to the old members whose funds are yet still within the coffers of the organization. 

Her incessant excuses and broken promises all contained in audio recordings which serves as a proof readily available upon request done on different occasions during the telegram meetings held with her and the investors, has made certain rational minds uncomfortable with the administration of the company and a desire to opt out of the company after meeting company policy modus operandi on opting out process and yet denied access to their funds before the announcement of made regarding the  capital refunds together as well as accrued returns on investment.

Thus, below are some of the past and relatively current promises broken by the Managing Director Madam Maryam Suleiman and her management team and our humble request from the quarters upholding the in-negotiable integrity of Human beings world over including the the Federal Republic of Nigeria.

Failed Promises:

1. The agreement on return on investment (ROI) to investors was originally 20% ROI monthly  however which this was slashed down as she claimed that the authorities clamped down on it. And was further cut down to a fluctuating 10-20% after the seminar which held in Abuja in November 2019.  However, after the Corona pandemic till date, most investors especially those from of March 2020 have not gotten any returns and some of us saw it as an outright breach and even decided to opt out of the system immediately and was given conditions of paying us less 10% of our capital, even though she understandably slashed down that of March to 5% and then declared 0% in April, hence absolutely nothing for the past 5 months.

2. They promised payment of capital both full or partial upon 1 month notice to the management to that effect to those who requested who makes such request and have failed to meet up to the demands of many  investors  who applied and went   hitherto one month notice suffices, before the sudden unpleasant announcement of total refund of persons from November 2019 to March/April 2020.

3. She suddenly woke up to change the terms last month, by declaring to return everyone's capital. And then those who want to continue with new Famzhi will be 5% flat.

4. The claim of a microfinance bank for which investors funds have been deducted in time past and is yet to be functional call for serious scrutiny. And since she declared total refund, she has been on one date for more than 3 weeks as at the date of this petition meanwhile the announcement was made 3rd week in July 2020. More so she has been on that same number day 14th for the past 3 weeks, and not all on the paid list have been paid. However she also promised to be publishing list of those who have been called and paid and the very list she published was vetted by the group of concerned investors only to discover that not all the names on the list were actually paid as there are voice recording to asserts our claims prior to the drafting of this petition.

5. She has divided Famzhi into 2; those who invested before April and those after then. Therefore dividing the investors into to two and causing catastrophe. 

Those who invested after then are currently still getting their 5% ROI after migration to the new Famzhi. While, the old investors are left to wallow in pains. And a very Poor quality  in the management information system with  absolutely no clear communication flow between MD Famzhi and investors as she has turned deaf ears to the plight of suffering investors who need their monies for medical interventions, rent, school fees and other projects.

Our Kind Appeal: 

We here by appeal to the well meaning authorities who have been copied here with to come to our aid as we are suffering and some of our fellow investors are having it really hard with respect to the irrational and inconsiderate style of management model being adopted by the Managing Director of the company.

Decisions and failed promises made by her has led to some persons loosing their lives on ailments that could have been solved medically but for lack of funds they passed away despite the request for the said funds with Famzhi. And the resolve to call each person one by one is to know if they are still alive or dead (Smiles). As many are at the verge of delivery and need funds to meet up with medicals and other bills such as rent and the likes to say the least feeding.

That the managing director resolve to a more faster way of refunding the investors their money as the need for such is imminent and conclude the process within a record time of 2 months.

That the MD managing director Madam Maryam Suleiman be restricted from future traveling outside the shores of this country until all matters relating to investors payment concerns are settled and satisfactory confirmation thereon is made and communicated by the concerned investors committee. So that investors who anticipates refund as have been promised can engage in meaningful endeavors with their funds as the times are hard. 

as it is, there's is credible information that the MD is selling off properties with the intention to flee and abscond with investors money and as such, we would urge you to use your office to deny her and her family members any visa application from your embassies.

We have drafted this petition in good standing with good conscience to uphold the un negotiable dignity of the totality of the investigating public to bring to bare on the minds and heart of every and any intending individual or group of individuals who may think that they are above the laws of the land to know that the the laws and justice systems of our land still supersedes.

Signed:

Olaniyi suliyat christiana 

Prince Nwosu Ngozhichukwu 

20th /09/2020