Business › Re: Kyvatron Limited Owes Me ₦5.1M – Need Advice by Absquare20(m): 12:22pm On Apr 18 |
KyvatronVictim: Hello everyone,
I want to share my experience as a Nigerian investor and also seek advice.
On September 20, 2024, I invested ₦1,000,000 with a company called Kyvatron Limited under an arrangement where they promised a monthly return on investment (ROI) of 23%.
Since then, I have not received my capital or the agreed returns.
After several follow-ups, the company issued an official signed statement confirming that my payment would be made on or before October 31, 2025. Unfortunately, that date has passed and the payment has still not been made.
As of today, the total amount owed to me (principal + accumulated returns) is ₦5,140,000.
I have full proof of payment, agreement, communication history, and the official statement from the company.
I also came across another complaint online from someone alleging a similar experience, which raises concerns about how investment-related issues like this are handled in Nigeria.
This situation makes me ask:
- What protections do Nigerian investors really have? - What role should regulators play in monitoring companies collecting funds from the public? - What is the best way to recover funds in cases like this?
At this point, I am considering escalating the matter to the appropriate authorities.
I would appreciate advice and also like to know if anyone else has had a similar experience.
Thank you. Coming on Nairaland to expose your personal details and confidential business documents will not give you the results you're looking for. But since you have decided to do so, we would sincerely appreciate a full picture. You said Kyvatron is owing you 5.1 million Naira, but what you're showing us here in your screenshots is a 1M transaction receipt for your investment and a statement from the company saying that they will give you back your 1M and some profit and also the date when you will be paid, but you didn't show us any screenshot from your bank account statement for that particular day to confirm whether the company actually paid you or not. I just checked out Kyvatron online and can see that they have an office in Lekki, so if the company is really owing you like you claim, you can easily walk into their office, talk to their staff and resolve any issue you may have. But my guess is that the company actually paid you back your 1M and some profit, but the greed in you is expecting 5.1 million Naira from a 1M investment, and because you didn't get such a ridiculous amount, which wasn't even in the company statement you uploaded here on Nairaland, you're coming here to condemn the company. |
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modified
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