The office of an investment company, Quintessential Investment Company located at Osapa London area of Lekki was stormed by distraught investors who had invested fortunes but could not get returns as promised.
The firm whose operations are shrouded in secrecy only disclosed in a video posted on its website that monies invested formed a ‘ working capital for partners’ who are ‘trading in alternative assets’ .
It promised investors 25 percent interest monthly on sum invested and additional 5 percent on referrals.
CompleteNewsNg.com learnt that trouble started when the company failed to pay investors whose investments reached maturity in the first week of January, 2021.
Affected investors who confided in this medium said that the managers of the investment company attributed the delay in payments to ‘banking issues’.
In a video exclusively obtained by Complete News on Monday, investors who are mostly young Nigerians were seen agitating at the main entrance of the company as men in security outfits prevented them from accessing officials to vent their concerns.
When reached by Complete News on the allegations of fraud, the CEO of the embattled investment firm, Joshua Kayode in a text message denied allegation of fraud insisting that the investment scheme was genuine.
“A fraud attending to people at the office?, A fraud Answering people’s questions on social media? A fraud with active customer care lines (just opened)? QUINTESSENTIAL IS NOT A FRAUD.
“We only have delayed payments, that’s all and all is being resolved. We never intended such inconveniences to people. Thank you for reaching out. Thanks”, Kayode replied to Complete News enquiry.
Further questions on if Nigeria’s Security Exchange Commission, SEC approved the firm’s operations and how sustainable is 25 percent mouth watering returns are yet to be replied as at 2:30pm when the story was filed.
53 Comments
Quintessential is not a fraud..just having banking issues just be patient with them..u will get ur money.thanks
You know why is my name JOHN AKPAN UWAH supply all my document to the company WhatsApps to Eniafe, still now I have not heard anything from them. thanks
You know why is my name JOHN AKPAN UWAH supply all my document to the company WhatsApps to Eniafe, still now I have not heard anything from them. thanks
Quintessential is not a fraud!
Some Nigerians are just pessimistic.
Quintessential is not a fraud!
I don’t know who this admin is but it’s not all story you cover. Don’t dig into details that will blow up and hurt hundreds of people. The company claim they’ve banking issues, give them time to sort it before causing unnecessary panic and attention.
Have they sorted it yet? It’s April now!
Pls what’s going on Month of May is going to an end and yet no money is getting paid for how long are we waiting, no capital no profit can anyone give me the update of what’s going on cos I don’t understand again
Pls kindly inform me of any update
Thanks.
Quintessential is here to stay, and this report is absolutely not correct about the company
The people that did this just delayed their payments with their own hands. The company is trying to avoid prying eyes. People that don’t want you to have money before will now have reasons to stop you. Nigerians are their own enemies. God bless Quintessentials for taking me out of debts. For the record I still got paid yesterday. They are only having delays that’s all.
I am yet to be paid by Quintessential since January 1st till now. I need my money back please
Quintessential is not a fraud!!
Quintessential is not a fraud,it’s just a delay in payment,just be patient with them and keep texting, please
Hey, CompleteNews
Kindly note the firm has been operating for over 12months now and investors and due investors has always been paid. But now bank issues has stopped the smooth operation of this great firm but many keep carrying rumors. If Quintessential were to be a fraud firm there should be different statements acclaiming the issue on ground and not one word.
Thanks
Can you still say same now? This is April yet no refund!
Anyone who tries to tarnish the 8mage of this company will receive shame. Quintessential investment company is legit and she has come to stay. Payment issues will be resolved soonest and all payment operations will come back to normal. God is involved. Don’t tarnish the image of this company because of beef or envy. Be warned!!!
Tis well
Laz Laz the editor in chief of this Blog and the reporters will later take a Q.
I dnt even know what to say about quintessential, all I know is they have lost their integrity. A memo was released towards the ending of Jan, I think around 18th or so stating investors should be patient and wait for extra 7 working days from their due date, which was total BS by the way its been about 14 working days now and still haven’t been paid.
I’ve paid 200k since January 5,2021 up till now I’m still expecting my return i.e 25% even my capital this time around bcoz I have lost trust in them,I messaged them no response,am tired of this investment
Since January I can’t reach them, all the numbers not going, the whatsap contact, message will be delivered and they are online yet no response! Even email no response! They were facing trouble yet they open their site for people to keep sending money to their account on the site!
Please if you know anyone who are still paying ask them not to.
I invested 200k last December and up till now, nothing from them. The frustrating part is that they wont pick calls, and when the novice at the customercare line picks, they’d tell you “your account manager will contact you via whatsapp”
Their act managers on whatsapp are the worst, they wont respond to your messages.
Just get your mind off the funds you invested, the company is a fraud. The new seven working days policy for payment is well over 14 working days for me. Don’t be surprised when the Kayode Joshua jets out of the country to evade arrest.
Believe me whee I tell you this (because I’m a victim too), QUINTESSENTIAL INVESTMENT COMPANY is a HUGE FRAUD.
I agree! They never respond to calls or any form of communication! Even IG, there comments sections are closed! U can’t access them! Yet they are investment company!
This will be my for time to invest in there company,20k since Jan 20 and yet to be payed back ,it’s unfair,if quinsential refuse to return my money ,anybody that is responsible for it will suffer for it o and there generation because that money is my sweet…….
This company is a fraud, they should come out in the open and declare what is amiss, before EFCC will be called to look into their operations
They are not fraud, they delivered their promises, just affected by general economic downturn. They are coming up stronger.
Which promise did they deliver? Is it MOU that they promised to give us before 14th of April or 15% returns that we should have gotten by now?. Please don’t come here to defend them, except you’re part of them.
Please if you don’t have tangible responses to keep people don’t talk… even if we are to belief them,all there action won’t make we belief them
Whenever you chat/ call any of their marketers,their line is either not going/ won’t respond
There Instagram account they fail to drop messages, they limit their comments sections
Money hasn’t be made, giving excuses, and you still saying they are not fraud, ok we go see now.
Which general economic downturn?
My 100,000 naira is still there since January 16th that they were supposed to pay.
Team growth now said, they cancelled my investment because its in the old platform. I requested for the capital, that they should leave their ROI oh, yet they are yet to give me back my money and you said they are not fraud. Oga you are part of them
They have scammed us all they promised 14th nothing has happened
Pls they shld pay o
My money is up to a million there. This one that no one has received anything from them. Lord Jesus.
I learnt the CEO was arrested,not sure if he’s bn released yet
The company should try and return our capital abeg
please where did you get this? heard something like that from a friend too
Quintessential is a fraud…. Big one… Pay your investors or wroth in prison
Quintessentialfx is not a fraud and we haven’t be paid till April, is not making sense, they keep dropping stupid messages, they shouldn’t talk instead there action should speak better, m fed up of the liars,I had plans with my money, they keeping saying they are sorry for inconveniences,but we aren’t getting positive feedback, I just rest my case .
There is a course for them, I will ruin it on them with God words and prayers,there lives will be meaningless, infact it won’t wait for them in the future but it will start operating on them from today, I don’t care about anything,I only care about my hard earns money, which quintessential fx has refused to pay, there is Almighty father (God) that can fight for me, the marketers,CEO, finance manager etc, mark this word, thank you.
After dis am done trying to invest in any kind of company…. Do u know I had to borrow 200,000 to add up to my money a total of 600,000 now dis people are not giving me any positive response, am now a great debtor cus of dis, if u can’t pay up interest , while not start by paying us our capital
The CEO caused all the problem. If have being paying the capital, the confidence should been restored. All he does is open his big month and praying with people with memo…
please they should pay our cspital o, cos i dont understand again o
Pls I need my money back
Please l am begging pastor kayode Joshua to attend to us, let hear from you. Keeping quiet over this matter is not the best. We have waited enough. The capital l invested was borrowed from cooperative. Please pay me my capital.l am not asking for the interest please for God’s sake.
I lost over #700,000 to Quintessential. It was a well calculated ponzi scheme.
Financial analyst says any investment that boasts returns that is over a maximum of 3% above the inflation rate at the time of investment is fraud.
It’s hysterical to feel any scheme could give returns doubling current inflation rate of a geographical State in a Month.
We is happening Pastor KAYODE it’s June Ending, pls pay me my capital and take the interest.
What is happening again pastor KAYODE,it’s June Ending, pls pay me my capital and take the interest. I beg you in Name of God you are serving.
I need my Capital ,av not collected interest from them at all please pay me my money now ,nd prove it ,that u are not scam, God judgement is more than human being punishments
What’s going on. After submitting my details to my account manager for refund since March finally I’m being block at July 1st. Kayode go will never forgive you
This is August and still no payment..sad I swear
August is already coming to an end, I hope the wait is worth it. Quinessential Invesment Company, my God will uphold you and keep you safe in Jesus name. I believe that before the year runs out, we’ll all smile again.
SO SO disheartened right now i have to find means of running a three hundred and fifty thousand naira (350,000.00) within a short period of time. All promise did not result well at all, make i spend all on the money on food and nonsense shey eno better laidis ehn……..GOD will help u pple o, Pay us our money bikonu,,,,so so painful
Am not sure there is any hope getting our money back. God will definitely judge you people, you’re nothing but evil KAYODE.