Forex company agrees to refund investors millions in capital

A forex trading company in Port Harcourt, XimaFX has assured its investors of a capital refund. This comes after the company was affected by the pandemic, which made it lose some capital.

Recall that the company held a meeting of with its investors on 26th September 2020 where the investors unanimously selected a ten-man committee which was saddled with the responsibility of negotiating the capital refund with the company.

Subsequently, the committee members held a meeting with the company and its CEO, Mr Noble Wonodi, on 28th, 29th and 30th of September, 2020. In the meeting, the company explained that it had challenges that made it not to be able to keep up with the payment of Return on Investment but promised to refund the capital of investors.

Furthermore, the ten-man committee ensured that the company keeps to its words by signing an agreement with the investors on 30th September 2020 which was taken to the Economic and Financial Crimes Commissions (EFCC) office for formal and official purposes.

A source close to XimaFX who pleaded anonymity told our correspondent that the CEO of XimaFX, has assured the investors through the ten-man committee that he will still remain in business. He further said the company is committed to capital refund and being fully back to business.