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Segun Fayomi Of Plethora Farms Accused Of Duping Investors Of Millions - Investment (3) - Nairaland

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Abayomi Segun Oluwasesan: How I Hacked Afriq Arbitrage System, Stole Billions / How Farmforte Owners Duped Investors Of Billions Of Naira / Digital Investment Limited Crashes In Lagos After Duping People (2) (3) (4)

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Re: Segun Fayomi Of Plethora Farms Accused Of Duping Investors Of Millions by smallsmall: 11:22pm On Jan 18, 2022
flexyrule:
Another ponzi gone bad.

People would start business, they won't even allow the business to grow or start making profits, they'll start buying houses and living lavishly ontop investor's funds.

It is this sort of Criminals. those who destroy the TRUST in our Society and drive away investment opportunities for Genuine Businessmen, that the EFCC, SFU, DSS and SEC need to dedicate more Resources on.

I hope the New, young and Virile EFCC Boss , Bawa, will do something about this Scammer and that one of SGL farms, Mr. SEUN ADEGOKE.
He has over #5Billion of Investor funds in his pocket and he is on the Run.

2 Likes

Re: Segun Fayomi Of Plethora Farms Accused Of Duping Investors Of Millions by skj1377(m): 11:23pm On Jan 18, 2022
My banker friend invested N45million in cassava farming because he was promised of ready buyers or exporters at good price. As am talking to you that investment is the worst he has made in his life. He is paying huge bank loans with high interest for a failed investment

3 Likes

Re: Segun Fayomi Of Plethora Farms Accused Of Duping Investors Of Millions by skj1377(m): 11:25pm On Jan 18, 2022
Farming is risky. It's far better to just buy the farm products add a markup and resell or store it for 3 to 5 months and resell.

3 Likes 1 Share

Re: Segun Fayomi Of Plethora Farms Accused Of Duping Investors Of Millions by oilmane(m): 11:25pm On Jan 18, 2022
lalasticlala:


https://fij.ng/article/after-promising-a-fortune-segun-fayomi-of-plethora-farms-robs-investors-of-millions/


Get a lawyer to write a petition to the EFCC, na prison day call them so, this is how they make it difficult for genuine businessmen/women to get people to invest with them
Re: Segun Fayomi Of Plethora Farms Accused Of Duping Investors Of Millions by xpool(m): 11:42pm On Jan 18, 2022
SincereBigot:
i dont understand why some Nigerians feel someone will be working for them and giving them return on investment

why cant he plant the corn for himself and make all the profit? ok so you will be at your house sleeping and you expect a nigerian to be trading forex for you or planting corn for you or rearing goats for you just to give you return on investments? as per say na ur papa abi

una go soon learn
Re: Segun Fayomi Of Plethora Farms Accused Of Duping Investors Of Millions by BabbanBura(m): 12:06am On Jan 19, 2022
lalasticlala:


https://fij.ng/article/after-promising-a-fortune-segun-fayomi-of-plethora-farms-robs-investors-of-millions/

I knew there is something fishy about these agro investment schemes!
Re: Segun Fayomi Of Plethora Farms Accused Of Duping Investors Of Millions by kumulus(m): 12:13am On Jan 19, 2022
lookingfly:
so use this methods to defraud banks too.....they get a land that the owner wants to see for say 10mill, they get Al these valuers and value the land for 100 mil, they go to bank collect loan for land of 100 mil, pay 10 Mill to owner a d pocket 90 mil.


So what happens to the servicing of the loan?
Re: Segun Fayomi Of Plethora Farms Accused Of Duping Investors Of Millions by dearie(m): 12:22am On Jan 19, 2022
ppogba:


No bank will give you a loan of 100 mil without getting it's valuers involved. The will never rely on just any valuation.
Nigerian banks are not as daft as people think.

Don't mind that sweet tongued guy giving them fabu. It's only a mumu bank in his imagination that will give out N100m on valuations done by roadside valuers.

1 Like

Re: Segun Fayomi Of Plethora Farms Accused Of Duping Investors Of Millions by litaninja(m): 12:39am On Jan 19, 2022
Tech bro in da mud.
Re: Segun Fayomi Of Plethora Farms Accused Of Duping Investors Of Millions by jclassiq(m): 12:59am On Jan 19, 2022
masseratti:
30% roi on agricultural investments is impossible, why are this guys this way for God's sake.
And in such a short maturation period !
Re: Segun Fayomi Of Plethora Farms Accused Of Duping Investors Of Millions by jclassiq(m): 1:03am On Jan 19, 2022
smallsmall:


It is this sort of Criminals. those who destroy the TRUST in our Society and drive away investment opportunities for Genuine Businessmen, that the EFCC, SFU, DSS and SEC need to dedicate more Resources on.

I hope the New, young and Virile EFCC Boss , Bawa, will do something about this Scammer and that one of SGL farms, Mr. SEUN ADEGOKE.
He has over #5Billion of Investor funds in his pocket and he is on the Run.
How come they are all one tribe?
Is this the new form of 419?
Re: Segun Fayomi Of Plethora Farms Accused Of Duping Investors Of Millions by Weany: 1:06am On Jan 19, 2022
Omo this one be like AGROPARTNERSHIPS from FarmFort oo.

You sure Agropartnerships not be scam too?� Too bad
Re: Segun Fayomi Of Plethora Farms Accused Of Duping Investors Of Millions by WudBMother: 1:12am On Jan 19, 2022
Where is HO Corn?
Re: Segun Fayomi Of Plethora Farms Accused Of Duping Investors Of Millions by JUQNmatter432: 1:16am On Jan 19, 2022
ecomalchemist:


wow, I haven't heard from farmcrowdy in while too.

Seems most of the agritech startups are fraudulent schemes in disguise, better safe than sorry.


Same here, called them severally, and all they have to tell me are stories. I suggest we come together, gather like minds and attack/pressure them with everything we got.
Re: Segun Fayomi Of Plethora Farms Accused Of Duping Investors Of Millions by Alaefulu(m): 1:21am On Jan 19, 2022
NASA oo imaging the level of disguise... Naso one take people money run back then o (recharge and make money)the reach ordinary Ahmed radio but till today nothing comot nado men decide to face front ooo
Guyman02:
People continue to fall for this easy scam.
What they do is to acquire a single farm land, plant rice or corn or fish and poultry worth for example N10m, they show their mumu subscribers this one farm and tell them that they have something similar in Kafanchan, Kebbi, Shiroro etc with beautiful pictures in their website and brochures.
They will use this single farm valued at N10M to get N500M from 'investors' who will be paid huge interest by Ponzi scheme from the monies of the new entrants until the bubble will burst when the Ponzi reaches its peak.
The farm will quickly be sold to a buyer with all the documents and everyone disappears only to return with a new name in another location but if the money fleeced is huge they relocate to abroad with their families.

There's a woman called Famzi in Abuja who ran the same scheme, people trusted her so much because of her packaging of constantly wearing hijab and presenting herself as pious Muslim and she raised up to N2B.
Brekete radio owner Ahmed Isah has been trying to help people recover their capital investment for the past 2 years but whosai!
Re: Segun Fayomi Of Plethora Farms Accused Of Duping Investors Of Millions by Magabush1(m): 1:42am On Jan 19, 2022
How can you say 30% of stake in agric in 7 months isn't possible. If you invest 2m on cucumber in 7 months. You will make double of that money in yields if everything goes well. 30% interest in 7 months is obtainable and achievable
masseratti:
30% roi on agricultural investments is impossible, why are this guys this way for God's sake.

1 Like

Re: Segun Fayomi Of Plethora Farms Accused Of Duping Investors Of Millions by Nobody: 3:00am On Jan 19, 2022
flexyrule:
Another ponzi gone bad.

People would start business, they won't even allow the business to grow or start making profits, they'll start buying houses and living lavishly ontop investor's funds.

There is nothing like investors funds here.

The only entities empowered by government to take deposits are COMMERCIAL BANKS and some INSURANCE COMPANIES.

Nigerians are grossly illiterate, evident in the kind of choices they make during elections.

1 Like

Re: Segun Fayomi Of Plethora Farms Accused Of Duping Investors Of Millions by Glozaglobal: 3:37am On Jan 19, 2022
Aycol1:
You guys will never learn… If he can get 30% ROI, why didn’t he approach a bank for loan…


Your money is gone bro


Advice is - If you get agbero for hand, enter the place and carry anything worth the value of your money shogbo


Or if you know where the farm is located, go and Harvest your � � � sharp sharp, after all you were given investment certificate that made you entitled to it.
Re: Segun Fayomi Of Plethora Farms Accused Of Duping Investors Of Millions by InvertedHammer: 4:42am On Jan 19, 2022
/
Any short-term investment that offers or promises double digit ROI is most likely a scam. Make it a rule of thumb and sleep better at night.
/
Re: Segun Fayomi Of Plethora Farms Accused Of Duping Investors Of Millions by muheeb01(m): 5:41am On Jan 19, 2022
Stop investing online....do your investment yourself or hire a trusted fellow to handle your physical business not online investments

1 Like

Re: Segun Fayomi Of Plethora Farms Accused Of Duping Investors Of Millions by lookingfly: 6:18am On Jan 19, 2022
kumulus:



So what happens to the servicing of the loan?
they tell the banks they're using the land for farming so that's how they'll pay the banks. They will set up a farm on that land and involve an insurance company and try to ensure the farm works for sometime. After sometime, they claim bird's died in droves or pest affected the crops and collect money from insurance company to pay banks.
Re: Segun Fayomi Of Plethora Farms Accused Of Duping Investors Of Millions by Reference(m): 6:23am On Jan 19, 2022
SincereBigot:
i dont understand why some Nigerians feel someone will be working for them and giving them return on investment

why cant he plant the corn for himself and make all the profit? ok so you will be at your house sleeping and you expect a nigerian to be trading forex for you or planting corn for you or rearing goats for you just to give you return on investments? as per say na ur papa abi

una go soon learn

This is the exact attitude that has led to one bad government after the other.
People go out to vote then sit back and 'hope'.....that the liars in government will come good.... so daft.
Their contemporaries abroad will vote and remain on the streets till their democratic dividends are paid in full.
There is no free lunch in the world and you can only get value with diligence no matter what name the business or enterprise is called.
Re: Segun Fayomi Of Plethora Farms Accused Of Duping Investors Of Millions by Reference(m): 6:29am On Jan 19, 2022
Magabush1:
How can you say 30% of stake in agric in 7 months isn't possible. If you invest 2m on cucumber in 7 months. You will make double of that money in yields if everything goes well. 30% interest in 7 months is obtainable and achievable

Oga, why he is saying that is the simple fact of what a wise man calls RISK.
Risk assessment in agriculture in this part of the world is stratospheric.
Climate change, insecurity, turbulent economy, etc makes the realization of a fixed profit margin highly unlikely.
The problem with most of these rudimentary feasibility studies is the total absence of a proper RISK ASSESSMENT.
Do that and you will arrive at a more realistic figure.
Re: Segun Fayomi Of Plethora Farms Accused Of Duping Investors Of Millions by davidguitar20: 6:41am On Jan 19, 2022
i thouhgt the man Segun Fayomi is a reverend father ive once apply for job in there farm
Re: Segun Fayomi Of Plethora Farms Accused Of Duping Investors Of Millions by Kobicove(m): 7:22am On Jan 19, 2022
lookingfly:
so use this methods to defraud banks too.....they get a land that the owner wants to see for say 10mill, they get Al these valuers and value the land for 100 mil, they go to bank collect loan for land of 100 mil, pay 10 Mill to owner a d pocket 90 mil.

No serious bank in Nigeria will give you a loan based on a bogus valuation.

They will always conduct their own valuation with a valuer appointed by them

1 Like

Re: Segun Fayomi Of Plethora Farms Accused Of Duping Investors Of Millions by Rajiokazaki(m): 7:27am On Jan 19, 2022
JohnBullMySon:
Agtech companies are just crumbling like ponzi. First was ThriveAgric then this.
.. how has ThriveAgric crumbled sir?
Re: Segun Fayomi Of Plethora Farms Accused Of Duping Investors Of Millions by ppogba: 7:45am On Jan 19, 2022
Glozaglobal:


Or if you know where the farm is located, go and Harvest your � � � sharp sharp, after all you were given investment certificate that made you entitled to it.

There is no farm anywhere.
And if there is,. probably not more than an hectare to lure people in.
Re: Segun Fayomi Of Plethora Farms Accused Of Duping Investors Of Millions by ppogba: 7:52am On Jan 19, 2022
Magabush1:
How can you say 30% of stake in agric in 7 months isn't possible. If you invest 2m on cucumber in 7 months. You will make double of that money in yields if everything goes well. 30% interest in 7 months is obtainable and achievable

"If everything goes well" is an adverbial clause of assumption.

If you have ever engaged in farming beyond a small garden, you will never assume everything will go well.

I am talking from experience. Forget whatever anyone must have told you about cucumber.

I always advice people to leave farming for farmers. There are farmers and there are farming investors.

1 Like

Re: Segun Fayomi Of Plethora Farms Accused Of Duping Investors Of Millions by NamelessOGBENI(m): 8:23am On Jan 19, 2022
That's their way.

Always blaming the gods when it comes to keeping to the end of their bargain. I'm not in anyway justifying gullibility but that's the trademark of all this get rich quick schemes/money doublers.
Re: Segun Fayomi Of Plethora Farms Accused Of Duping Investors Of Millions by ppogba: 8:32am On Jan 19, 2022
MN07:
Na them them (Afonja) let them continue that's their way of life.

On other note who on God's green earth would invest with someone looking like this and also a Yoruba person. Hahahaha chai Nigerians are too dumb

The same way of Chinmark MMM and MBA finance.
Re: Segun Fayomi Of Plethora Farms Accused Of Duping Investors Of Millions by Kobicove(m): 9:11am On Jan 19, 2022
davidguitar20:
i thouhgt the man Segun Fayomi is a reverend father ive once apply for job in there farm

That is the strategy they use to 'catch' gullible Nigerians, just tell them you're a pastor and they will entrust you with all their money without asking relevant questions undecided
Re: Segun Fayomi Of Plethora Farms Accused Of Duping Investors Of Millions by salvation77177: 9:41am On Jan 19, 2022
When will Nigerians learn? I just continue to Wonder.

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