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, 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.

He said the company at no point defrauded its partners and clients of the monies they invested, as transparency and accountability were ensured in all business and transactions. Sarumi said trouble started when the company’s balance sheet scaled to N2 billion, which made people tag the company as a scammer.

Our business journey is a story of growth and resilience,” he stated.

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.

He said the company took a decision to take a chunk of its portfolio in real estate and invested in agriculture, oil and gas and other businesses that would generate more income in preparation for the next five years.