Omicron007:


Nigeria is the breeding ground of scam.


Hushpuppi.

Abba Kyari.

Invictus Obi.

Mompha.

Woodberry.

Buhari.

Naija politicians.

That Damn Niggar guy.

Nairalanders.

Pastors.

Imams.

Mods.

That vulture griller.

Infact, all Nigerians.


Make everybody just getat.

Omicron007:


Nigeria is the breeding ground of scam.


Hushpuppi.

Abba Kyari.

Invictus Obi.

Mompha.

Woodberry.

Buhari.

Naija politicians.

That Damn Niggar guy.

Nairalanders.

Pastors.

Imams.

Mods.

That vulture griller.

Infact, all Nigerians.


Make everybody just getat.

Matheusmartin:
...
If CBN had acted before now, Nigerians will call them out labeling them enemies of progress..

osazsky:
how is this crime..nigerians are lazy..imagine if I have 2m...I go come across one site where them snap banana with watsapp group..then I start reading testimonies..I quickly pay to them...some lazy people dont know the returns they get from 2m every six months..if they actually plant only soya beans...concuba and water melon for 100 by 100 land..in 4 years u will have a house and a lexus.if u understand the technique but Nigerians are not ready to learn the skills.they did rather sit at home they watch bb9ja or chelsea match waiting for alart of 30000 every month from the person they gave 2m....once they pay them for 3 months they start evangelising to others on how real it is..I dont have pity to waste serves them right

JohnSin97:
In agriculture anything above 15% per year is bound to fail one way or the other, plus people are also forgetting that these guys are investing your money in a volatile environment were herdsmen and their cattle are destroying crops, farm thieft, banditry and a poorly structured system abounds...plus, the more the money, the harder it is to manage.. it's easier to turn #50 into #100 but far more difficult to do the same with #500million, it's why most of these investment schemes are usually profitable at the beginning, it's why I invest at their very early stage and pull out after first interest payment. Anyways these scams will continue to go on simply because of the basic nature of most humans; Greed and Foolishness.

Daboomb:


You are either an agent of these Fraudsters or you are just out to show bile against the Investors!
Yes, EFCC warned against MMM back then but the EFCC did not warn or say anything about "Investing in Agric Farms", something which ordinarily, the Govt is even encouraging.

But here is the difference:
Fraudsters dont come up and say: "Look, l am a fraudster, i want to defraud you".
They would trick you, deceive you and falsify documents/information, to make it look genuine and convince you to part with your money.

If actually Fraudsters like[b] SGL Farms or Eatrich farm[/b] were into farming with the Billions they got from people, they will certainly be able to pay back their Investors, Worst case, they would plead to spread the ROI over longer period but the Capital will be repaid as at when due.
But these Fraudsters tricked people, they used people that you trusted in the Society (as influencers), they advertised in reputable programs on reputable TV stations!
Imagine that the acclaimed program, Journalist Hangout, anchored by no less a person than Babajide Otitoju, was advertising for SGL Farms, during their Commercial breaks, would anyone have doubt that such adverts are genuine, moreso, it is an INVESTMENT IN FARMING, not importation, not Crypto Currency or some fancy stuff!

This is why l am annoyed that Govt is not doing anything about this.
Can you do this in America and the FBI will not knock on the door of such fraudster like SEUN ADEGOKE of SGL Farms?
A good Govt must protect its people, if just to deter such Fraudsters and not necessarily to assist those defrauded

ekefre4:
They can't blame anybody but themselves jare. Who pays 40% ROI monthly? It's just pure greed and they deserve to be scammed.

BRATISLAVA:


It's surprising that the same people who were defrauded by MMM, who told them that the CBN was trying to spoil their shine, are still doing the same thing with a different name, and this number of Nigerians still believed them.

People are chronically thoughtless, and Nigerians are surprised they are being ruled by one tribe in all ministries. I don't pity anyone who invested in MMM. Nigerians are too lazy and too greedy and too dumb!

It's a no brainer that since the MMM scam, all Nigerian investment schemes that aren't CBN approved are trying to attain the success of MMM, with the same thing going by different names.

A fool is easily parted from his money.

Nellsworld:
This CEO messed up big time, he should ve done d needful like farm crowdy, y scam people, he thinks he can run and hide forever, this is hw people people lose their chances in future

Forgodsgrace:


Oga carry your cryptocurrency nonsense commot for here.All of you motivational speakers/crypto advisers are nothing but scammers and EFCC should look into this new trends

cerebralniggie1:
Always told my wife the scheme was a fraud whenever we drove past their billboards. 40% ROI for dis Buhari economy?

Cosmatikka:
Eatrich don eat people money

Why has EFCC not arrested Maxwell Odum of MBA forest.
That guy wrecked people's lives.
Naso my #2M take go.

God go punish all these ways investors wrecking people's lives

Daboomb:


These Agrotech Investments are nothing but FRAUD.
They deceived innocent Nigerians, using Social Influencers, Popular TV programs like Babajide Otitoju's 'Journalist Hangout' on TVC Television (Yes, l saw the advert of SGL Farms, another 419 AgriTech advertised many times during their broadcast; I wonder how much he was paid to help deceive and defraud Nigerians, by the CEO of SGL Farms, one Seun Adegoke?), knowing that Nigerians will fall for their fraud, with such names and programs airing the on it.

The DSS, EFCC and the SEC must not just abandon Nigerians to their fate, they must arrest the CEO's of these Fraudulent Fars, if Young Nigerians are not to lose faith in the Buhari Governments directive that young people shoudl embrace Farming.

I mean, they embraced it with all their savings and one Crook sits somewhere, defraud them and is enjoying the money to live a larger-than-life lifestyle with NO Fear pf repercussions! Are we in a lawless society and banana Republic?
If a Company goes into Contract with an Investor, it should pay up when the time comes except it is saying that it was all a ruse and they actually set out to defraud Nigerians, which appears to be the case

We are talking about Billions of Naira here!
Govt Agencies mentioned should open a Register where anyone defrauded can REGISTER, with Proof og the Transactions, so that Govt can go after all these Criminals, Free their assets, Money in banks (both local and foreign) and chase them out with InterPol. since some of them have run abroad but we have their dossier.

Those defrauded should also not relent, even if it means carrying Placard and protesting at the National Assembly, so that their Political Representatives can move Security Agencies to Action.
They should also expose the whereabouts of these Criminals who ran such Ponzi Scheme and be ready to peacefully-picket their House (with Police Permission for Assembly), wherever they live so that their neighbours can know they are fraudsters

NB: Ofcourse, you should expect the Fruadsters and their Paid agents on Nairaland and other Social Media outlets to try and discourage you from acting, it is all part of the Script.

Daboomb:


You are either an agent of these Fraudsters or you are just out to show bile against the Investors!
Yes, EFCC warned against MMM back then but the EFCC did not warn or say anything about "Investing in Agric Farms", something which ordinarily, the Govt is even encouraging.

But here is the difference:
Fraudsters dont come up and say: "Look, l am a fraudster, i want to defraud you".
They would trick you, deceive you and falsify documents/information, to make it look genuine and convince you to part with your money.

If actually Fraudsters like[b] SGL Farms or Eatrich farm[/b] were into farming with the Billions they got from people, they will certainly be able to pay back their Investors, Worst case, they would plead to spread the ROI over longer period but the Capital will be repaid as at when due.
But these Fraudsters tricked people, they used people that you trusted in the Society (as influencers), they advertised in reputable programs on reputable TV stations!
Imagine that the acclaimed program, Journalist Hangout, anchored by no less a person than Babajide Otitoju, was advertising for SGL Farms, during their Commercial breaks, would anyone have doubt that such adverts are genuine, moreso, it is an INVESTMENT IN FARMING, not importation, not Crypto Currency or some fancy stuff!

This is why l am annoyed that Govt is not doing anything about this.
Can you do this in America and the FBI will not knock on the door of such fraudster like SEUN ADEGOKE of SGL Farms?
A good Govt must protect its people, if just to deter such Fraudsters and not necessarily to assist those defrauded

Babs321:



Can we list some of these scammers? This will help the public to be wary of them.

Let me start:

1. Eatrich Investment.

timefarm:
All this people being scammed with farm stuffs have definitely never been to farm before.

I see alot of it these days claiming mouth watering reward for the farm scheme.

Farming or agricultural products are not high end products like that and it requires significant input. Consequently the margin is not that wide except probably you are exporting it.

Since the companies are into business themselves, to make their own money and pay investors the amount promised will be close to impossibility.

Many of them will not even have a farm or a very small one to convince simpletons. They only rely on buying products and selling it.

izubext007:
It's foolish for you to say EFCC warned me , and still alow them to operate. After which they will defraud people and go scot free.

somehow:


It's 40% in 6 months which is about 6 to 8% per month.

Cosmatikka:
Eatrich don eat people money

Why has EFCC not arrested Maxwell Odum of MBA forest.
That guy wrecked people's lives.
Naso my #2M take go.

God go punish all these ways investors wrecking people's lives

lalajnr:
Yahoo's boys don collect this poor people life earnings I pity the innocent people


Those influencers are stoopid you don't even value the life of your fans your own is just for your selfish benefits


Like leaders like citizens