Oyindamolah:
So sorry for your losses, If you can recover your money please do but if you cannot just move on

Phraences:


Chai. Foxy green. All these businessmen sef. Starting a new company and promising unsustainable returns just to defraud people.

Has any of these CEOS been arrested.

Skidee:
Foxy green should be put under ponzi scheme because thats what he actually did with investor's monies.

I dey pity that seyi guy.. dude just put a target on his back for the rest of his life... I wonder who is advising the dimwit
[color=#770077]List of those under critical watchlist includes:

1. Winichfarms (Suspected scam)
2. Efarms (Suspected scam)
3. Diaryfarms (suspected scam)
4. Tusherfarms (suspected scam)
5. Farminvest (suspected scam)
6. AgriBuisnessCapital (suspected scam tech by Menorah Farms)
7. Housefood.Africa ( suspected scam tech by MadakiAgro)
8. Agropark (suspected scam)
9.Iscomfarms (suspected scam)
10.DiaryFarmsInvestment(suspected scam)
11.Letsfarm (suspected scam)
12.ClickFarmsNg (suspected scam)
13.Agreecourse (Suspected scam)
14.HOCorn (Suspected scam)
15.ZionVest (Suspected scam)
16.GreenEaglesAgricBuis (Suspected scam)
17.Abadini (Suspected Scam)
18.RequidJV (Suspected Scam)
19. Farmkonnect (Suspected scam)
20.Gold+Vest (Suspected scam)
21.SGLfarms (Suspected scam)
22.Greenfold (Suspected scam)
23.Nigeria Farmer's Group and Coperative Society(NFGCS) aka Ga'atevest (Suspected scam)
24.Payfarmer (Suspected scam)
25.Farmfunded (Suspected scam)
26.Farmbuddy(Suspected scam)
27.Farmsponsor/VestPay(Suspected scam)
28.Eatrich/Richvest(Suspected scam)
29.Goatti(Suspected scam)
30.Farmfundsafrica(Suspected scam)
31.Shopagric (Suspected scam)
32.Titanfarms(Suspected scam)
33.Emeraldfarm(Suspected scam)
34.*Farm4me/Ceepass/ViableX(Suspected scam)
35.*Bazuze(Suspected scam)
36.*Agrilet(Suspected scam)
37.*Kenfarms(Suspected scam)
38.*Foxygreen (Suspected scam)
39.*ChubiAgro(Suspected scam)

Ify2star:
Pls farmboy should be added to the scammed list...they have been owing investors for more than 3months now

tunene:


Na wa o. Which one be farmboy again?

MummyIMadeIt:
NOTE * stands for new/latest changes
On 24th November 2021. 18:21hrs

Updated List of agrictech by Nairalanders and their ratings.



FARMS HAVING MET SEC STANDARD:

*None*

---

List of Old farms Still Performing:

1. Agrorite
2. Ezfarming

---

*List of Farms with New Model*

1.Agro partnership (Microfinance Banking)
2. CrowdyVest (Sec in Process + Corporative optional)
3. ThriveAgric(Institutional)

---

List of New farms under Observation for now includes:

1. Farmtrove
2. DivaRice

---

List of those with issues for now includes:

1. Goatmeathq (defaulted in paying capital and ROI for months)
2.Groupfarma (will delay payments for 3months)
3.Farm360(Institutional+Witholding funds for 3 months+ Yearly locked funds)
4.WestAgro (delaying payments for months)
5.Farmcenta (delaying payment for months)
6.Farmnow (To delay payments for some weeks)
7.Farmpower(delaying payments for weeks)

---

[b]
List of those under critical watchlist includes:

1. Winichfarms (Suspected scam)
2. Efarms (Suspected scam)
3. Diaryfarms (suspected scam)
4. Tusherfarms (suspected scam)
5. Farminvest (suspected scam)
6. AgriBuisnessCapital (suspected scam tech by Menorah Farms)
7. Housefood.Africa ( suspected scam tech by MadakiAgro)
8. Agropark (suspected scam)
9.Iscomfarms (suspected scam)
10.DiaryFarmsInvestment(suspected scam)
11.Letsfarm (suspected scam)
12.ClickFarmsNg (suspected scam)
13.Agreecourse (Suspected scam)
14.HOCorn (Suspected scam)
15.ZionVest (Suspected scam)
16.GreenEaglesAgricBuis (Suspected scam)
17.Abadini (Suspected Scam)
18.RequidJV (Suspected Scam)
19. Farmkonnect (Suspected scam)
20.Gold+Vest (Suspected scam)
21.SGLfarms (Suspected scam)
22.Greenfold (Suspected scam)
23.Nigeria Farmer's Group and Coperative Society(NFGCS) aka Ga'atevest (Suspected scam)
24.Payfarmer (Suspected scam)
25.Farmfunded (Suspected scam)
26.Farmbuddy(Suspected scam)
27.Farmsponsor/VestPay(Suspected scam)
28.Eatrich/Richvest(Suspected scam)
29.Goatti(Suspected scam)
30.Farmfundsafrica(Suspected scam)
31.Shopagric (Suspected scam)
32.Titanfarms(Suspected scam)
33.Emeraldfarm(Suspected scam)
34.*Farm4me/Ceepass/ViableX(Suspected scam)
35.*Bazuze(Suspected scam)
36.*Agrilet(Suspected scam)
37.*Kenfarms(Suspected scam)
38.*Foxygreen (Suspected scam)
39.*ChubiAgro(Suspected scam)
[/b]

---

List of those declared serial defaulters aka MMM Ponzi scheme:

1. Growcrops online (serial defaulters)
2. Grandeur solicitors (serial defaulters)
3. Abiyamofarm (serial defaulters)
4. MadakiAgro (serial defaulters)
5. Menorahfarms(systematic defaulters)
6. Pork+Money (Opened another outlet Pay+monthly+cars=confirmed defaulters)
7.FarmTISA (Opened by member of HOCorN an alleged scam product)
8.CashcowNg (serial defaulters)
9.Farmagric (serial defaulters)
10.*Selemafarms(serial defaulters)

---

List of Farms back after suffering setback(s) includes:
1.Farmkart (back after delayed payments for 3-4 weeks)

---

Cavet Emptor:

This is solely based on recent performances as attested to by Nairalanders and by no means a go ahead order/permit to invest with any of the above agrictech firms, hence further investigation should be carried out by the investor using SEC compliance status quo until convinced otherwise.

Yours humble Investor


^{Please assist yours faithfully with a job.
Thanks}

Jdgbajumo:
@MummyIMadeIt it's a new month already. As promised by you, please Move Farm4me/Ceepass/ViableX to the List of those declared serial defaulters aka MMM Ponzi scheme. Thank you

Yhasf:
Good Afternoon all,

Does anyone know the whereabout of Mr Sola Omidiran of Selema Farms.I am quite surprise that people hardly mention his farm here as he and his organisation have defaulted since December last year .

MummyIMadeIt:


Thanks for your feedback. It would be unfair to do such now as some persons have testified to recieving payments, also most techfarm on the MMM list have either defaulted for a longer period of time (12 months) without payment or have absconded with investors money.

These were/are the criterias needed.

Do note i am an investor with farmsponsor and emerald who havent been paid as well.

MummyIMadeIt:


Thanks for your feedback. It would be unfair to do such now as some persons have testified to recieving payments, also most techfarm on the MMM list have either defaulted for a longer period of time (12 months) without payment or have absconded with investors money.

These were/are the criterias needed.

Do note i am an investor with farmsponsor and emerald who havent been paid as well.

iyabjos:


. "The CEO of Farm4Me has always responded to my calls and WhatsApp chats. He told me he's been overwhelmed with calls and chats lately and I perfectly understand. If you have been consistently enjoying your ROI with them, it is time to stand with them till the fund transfer issue is fixed. I stand with Adama J. Adama, Esther, Martins, Rita, Uzor and the entire team."

tenderjunkie:

You're a crook. The only person you stand with is the father of lies, the devil

Huffd:
So people still invest in all these scam so called agritech

Nigerians will never learn.

My friend being a military dude collected all his money from green eagles sometimes in March this year being a force man but many aren’t privileged to get their money you guys should learn you worked hard for your money. Go buy a property or something if you don’t know what to do with your money

Nutridelfarms:
Seeking Poultry Farm Business Partnership

Dear All,

Good morning. I am the founder of Nutridel Farms and also an investor. I stumbled on this platform early last year in the middle of Covid-19 when I started researching alternative ways to invest as a result of loss of attractiveness of Treasury Bills and Money Market. I invested massively into the agritech crowdfunding space and I have had my fair share of losses here and there.

I knew investing into crowdfunding wasn't something I wanted to do for long due to the huge risks and uncertainties, hence, I conceived an idea to venture into farming myself. I successfully set up a poultry farm which started operation early this year. However, I was unlucky as I couldn't get my funds out from these ponzi schemes operators masquerading as agritech crowdfunding companies before they things started falling apart. Still, I am eager to recover my funds from these folks.

Now, to the crux of the matter I want to discuss. My losses in crowdfunding have taken a huge tolls on my business expansion plans. Hence, I have decided to seek partnership with interested parties. Please note that this is not a crowdfunding opportunity but an invitation to become part of the business (collective ownership and sense of responsibility) and contribute to the progress of the business. I am willing to give up 10% - 20% stake.

Interested persons should send me an email to Nutridelfarm@yahoo.com. I will be setting up a video zoom meeting with interested persons where everyone would have the opportunity to ask questions, know more about me and the business. Also, I will be presenting an investment pitch.

Peradventure, you have doubts or see this as another packaged scam or will react negatively to this post, I take no offense and I totally understand as someone who has been had his fingers severely burnt in the course of investing into agritech. I understand! I will simply move on and continue to deplete my savings and earning to fund the expansion plans as I am currently doing.

Attached to this post are:
1. Process Flow Diagram
2. Picture of our ongoing mini poultry processing plant which commenced last week Monday. As you'd see, significant progress has been made within just a week.

Thank you for your consideration. I welcome doubts, criticism, negative and positive remarks. I am available to answer any questions as well.

emmanuelewumi:



What is the current value of the business?

What is the monetary cost of 10% to 20% equity in the business?

What is the expected income projection from the business?

Don't you think debt financing will be a better and cheaper options?

What is debt equity ratio of this business?

What are the structures and systems put in place to ensure fairness, integrity, transparency and good corporate governance in this business?

What is the name of the business?

I guess the property and other assets are in the name of the business?

After a successful equity fund raising exercise by the business, I hope the shareholding structure will show the current owners of the business at Corporate Affairs Commission?

Nutridelfarms:


These are very good questions. I'd take a stab at answering them.

What is the current value of the business?

The value of the business is being worked as we speak. To provide some hints, the value of the current assets on ground is in the neighborhood of 25M - 30M (preliminary). An in depth detail of the current value of the business will be provided ahead of the zoom meeting. it's a 5000 capacity poultry farm with enough space for expansion.

What is the monetary cost of 10% to 20% equity in the business?

This will be included in the pitch presentation pack. Once the valuation exercise is completed, it'd be easy to estimate what 10% equity would translate into. But based on the figure I provided above, you should have some idea

What is the expected income projection from the business?

Going by the last cycle (six weeks) which ended in September, profit was 7.8%. This could have been as high as 10 -12% if we had a processing plant in place. A thorough profit projection based on present realities will be worked and provided to interested equity partners.

Don't you think debt financing will be a better and cheaper options?
Yes you are right. However, the risk is much higher. There is that obligation to pay back. In my view, the debt financing option is quite similar to the crowdfunding that these agritech firms do and have spoilt. The debt must be paid regardless of the performance of the business which puts a lot of pressure on me to deliver. I don't think I want to deal with a barrage of aggrieved investors just like the agritech firms are having to deal with now. Yes, I don't do shady deals but It's not an attractive option for me.

What is debt equity ratio of this business?
zero. Operations are financed with my savings and earnings.

What are the structures and systems put in place to ensure fairness, integrity, transparency and good corporate governance in this business?

No structure and systems in place for now as the farm is still relatively new but I am a proponent of strong systems and institutions to ensure fairness, transparency in our business dealings. I keep a record of business transactions. I am open to considering any other options and ideas from partners to help ensure fair business dealings. This is one of my the reasons for my preference for equity partnership. The equity partner owns a part of the business and is privy to everything going on. I need people to work with me to put this together.

What is the name of the business?

Nutridel Farms (proposed) - not registered yet.

I guess the property and other assets are in the name of the business?

No, current properties are in my name but future acquisitions will be in the company's or partners' name. I didn't envisage a situation like this. But I am sure there'd be some legal ways to ensure assets in my name can be co-owned.

After a successful equity fund raising exercise by the business, I hope the shareholding structure will show the current owners of the business at Corporate Affairs Commission?

Yes. The good thing is that the business is still in its formative years and equity partners will have ample opportunity to shape and influence things.

I hope this helps some. Please feel free to seek more clarifications or send me an email. I am also open to a phone conversation.

emmanuelewumi:




That property shared can't be more than N4 million.

How old is the business?

What is your average monthly cash flow in the last 3 years.


Current properties are in your name and you want to raise money for a business that doesn't have assets in its name.

Doubt if any informed investor will be interested in this type of deal


First of all get an accountant that will help you tidy up your assets, liabilities, accounts, corporate structure.

Nutridelfarms:


That property shared can't be more than N4 million.

What property? Did you mean that the property can't be more than N4 million. If yes, then you are wrong sir. You can't even construct a 5000 capacity poultry pen with 10M. I can share the list of assets with you if you want.

How old is the business?

Less than a year. Operation started Feb this year.

What is your average monthly cash flow in the last 3 years.
Business is less than 1 year. Do you mean net cash flow? We've only completed 3 cycles.


Current properties are in your name and you want to raise money for a business that doesn't have assets in its name.

Doubt if any informed investor will be interested in this type of deal

You are right no doubt but properties have been bought already. As I said, there are ways to work around this. One way I can think of is to sign a MOU that is legally binding. I am open to other ways. However, I must state that I am not desperate for this equity partnership thing. I am fine with anyone not interested. I will continue to fund the business myself regardless. I am considering this to reduce the strain on my savings. The construction of the processing plant will be completed in two weeks time. By God's grace, we will start a new cycle next year.


First of all get an accountant that will help you tidy up your assets, liabilities, accounts, corporate structure.

Thanks for your suggestion. This will be considered within the context of what is realistically possible given the scale of our operation.

Thanks once again for your consideration.

emmanuelewumi:



The value of what you shared here is not more than N4 million


If you think the business is what N25 Million to N30 million, keep on doing what produced the fund, give yourself a 5 year target, you will be okay.

Better still, talk to your family, friends, community members, neighbours, old school mates etc, you will get the fund