Oxford International Group (OIG) has refuted allegations of defrauding its clients and partners through its various investments. The Group Head of Corporate Communications, Oxford International Group, Benjamin Sarumi....
Oxford International Group has refuted allegations of defrauding its clients and partners through its various investments. The Group Head of Corporate Communications, Oxford International Group, Benjamin Sarumi, while reacting to social media trolls of defrauding clients and investors, said the company, which existed since 2016, diversified into multiple businesses that would generate more income in preparation for the next five years.
Sarumi said the company had a business forecast since 2016 that was to last till 2021, but in 2020, most businesses suffered from cash flow issues, hence the company’s decision to go the Information Technology route as everyone went online. Recall that SEC had in March 2022 sealed the premises of Oxford International Group/Oxford Commercial Services and two others for carrying out investment operations that fall within the ambit of fund management without registration with the apex regulator contrary to the provisions of the Investments and Securities Act 2007.
“The moment everyone saw 48 per cent, they threw caution to the wind to check what the duration was because it doesn’t sound realistic, hence, the conclusion that this business, service or product is a scam,” he said.
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