Agrictech platform Agropartnerships a subsidiary of a value chain development firm Farmforte, has restated its commitment to the sustainable development of the Agri-business value chain in Nigeria.

The company made this known, recently, while assuring investors of the total safety of their investments in the business, amidst new payout cycle timelines.

In recent weeks, many partners have had to deal with delayed cycle payouts, caused by global supply chain disruptions, resulting in huge losses worth millions of dollars, which also impacted the company’s ability to acquire and replace critical machinery at processing facilities, as well as the unforeseen impact of the COVID-19 pandemic on business operations.

However, while restoring investor confidence in a recent video statement, Uyi Osayimwense, Co-founder and Co-CEO, Agropartnerships, assured that the company will not waver from its vision to foster collaborative development in the agri-business ecosystem, leveraging innovation to enable progress for everyone across the value chain.

“We take full responsibility for the unexpected, delayed cycle payouts, experienced by many of our partners in recent weeks and we have taken all the necessary measures to ensure that we do not see a repeat of this incident, while ensuring everyone gets their payout eventually. We appreciate the huge trust and confidence reposed in us and want to assure every investor that their funds are safe with the business, while we work on achievable timelines to clear all pending and outstanding payouts” said Uyi.

Commenting on the impact of the challenge and the commitment to satisfying all partners, Osazuwa Osayi co-CEO Agropartnerships described the period as a challenging phase that the company has learned from to be better. “The team of experts that we have brought on board, our critical analysis of major gaps alongside the unflinching loyalty that you have shown through this period, have strongly helped us navigate this season.

As part of efforts to adequately inform investors about its new phase of growth, the company has scheduled a town hall meeting for Friday, February 18, 2022, to expand on outstanding concerns and the overall business outlook for the year. Agropartnerships will also be looking to provide all cycle payment timelines at the town hall meeting, in a bid to restore investor confidence for new and existing stakeholders.

See link to Agropartnerships CEO's video: [url]
https://www.youtube.com/watch?v=vHMPpaP96cM [/url]

A company like this should not be trusted going forward after failing to pay interest for October (some), December 2021 and then January 2022 matured interest.

What did you do with investor's money?

easrael:
Agrictech platform Agropartnerships a subsidiary of a value chain development firm Farmforte, has restated its commitment to the sustainable development of the Agri-business value chain in Nigeria.

The company made this known, recently, while assuring investors of the total safety of their investments in the business, amidst new payout cycle timelines.

In recent weeks, many partners have had to deal with delayed cycle payouts, caused by global supply chain disruptions, resulting in huge losses worth millions of dollars, which also impacted the company’s ability to acquire and replace critical machinery at processing facilities, as well as the unforeseen impact of the COVID-19 pandemic on business operations.

However, while restoring investor confidence in a recent video statement, Uyi Osayimwense, Co-founder and Co-CEO, Agropartnerships, assured that the company will not waver from its vision to foster collaborative development in the agri-business ecosystem, leveraging innovation to enable progress for everyone across the value chain.

“We take full responsibility for the unexpected, delayed cycle payouts, experienced by many of our partners in recent weeks and we have taken all the necessary measures to ensure that we do not see a repeat of this incident, while ensuring everyone gets their payout eventually. We appreciate the huge trust and confidence reposed in us and want to assure every investor that their funds are safe with the business, while we work on achievable timelines to clear all pending and outstanding payouts” said Uyi.

Commenting on the impact of the challenge and the commitment to satisfying all partners, Osazuwa Osayi co-CEO Agropartnerships described the period as a challenging phase that the company has learned from to be better. “The team of experts that we have brought on board, our critical analysis of major gaps alongside the unflinching loyalty that you have shown through this period, have strongly helped us navigate this season.

As part of efforts to adequately inform investors about its new phase of growth, the company has scheduled a town hall meeting for Friday, February 18, 2022, to expand on outstanding concerns and the overall business outlook for the year. Agropartnerships will also be looking to provide all cycle payment timelines at the town hall meeting, in a bid to restore investor confidence for new and existing stakeholders.

See link to Agropartnerships CEO's video: [url]
https://www.youtube.com/watch?v=vHMPpaP96cM [/url]

You have missed the issue. Agropartnership is in BREACH OF A CONTRACTUAL AGREEMENT with investors. Cashew 04 Cycle matured on Wednesday 15th December 2021 and you have defaulted. You are not in default by 1 or 2 months but you are proposing a repayment plan that terminates 1Q2023. Do you think that you are dealing with fools? You keep emphasizing that investors funds are safe with you. Is that the issue? Prove it and pay them their money. NEMESIS will catch up with you people soon. I am certain about that. It is just time!!!

Dear Mr Uyi Osayimwense. I disagree strongly with your claims that the supply chain and Covid-19 pandemic negatively impacted your organization for the following reasons:

1. You used investors funds to acquire a KAYVEE micro finance company in August 2021. Firstly, world economies were already in recovery mode. secondly, you do not use short-term funds for long term investments. This is a very basic investment principle/concept. I am not surprised that you guys did that. A review of your profile on Linkedln shows that you have no work history cum antecedent.

2. You also used their funds to establish a cashew processing factory in November 2021. Same mistake as above.

3. As a result, you and your co-founder and CEO, Osazuwa Osayi have not been able to meet your financial obligations to your investors.

4. You sent several mails and had a webinar on 18th January 2022 stating that payment has commenced for investors with 1-2 units (N95K/unit). You also stated that all payments will be completed by April 2022.

5. You have just sent a mail today stating that payments will be suspended for 5 months till July 2022. And that Payments will be in 3 installments ending 1Q2023.

6. You have abandoned your Lekki office since 18th December 2021 so that you cannot be served court papers. Photo is attached.

7. There is no sincerity on your part. You are using this video to deceive the general public. Another one of your corporate propaganda that even deceived CNN. It is a big shame!!!

8. Lastly, pay investors their money!!! Shikena!!! You can keep using delay tactics to buy time and frustrate investors. No problem, you can only run for a while. Bible says that THERE IS NO PEACE FOR THE WICKED.

Leroystic:


You have missed the issue. Agropartnership is in BREACH OF A CONTRACTUAL AGREEMENT with investors. Cashew 04 Cycle matured on Wednesday 15th December 2021 and you have defaulted. You are not in default by 1 or 2 months but you are proposing a repayment plan that terminates 1Q2023. Do you think that you are dealing with fools? You keep emphasizing that investors funds are safe with you. Is that the issue? Prove it and pay them their money. NEMESIS will catch up with you people soon. I am certain about that. It is just time!!!

Dear Mr Uyi Osayimwense. I disagree strongly with your claims that the supply chain and Covid-19 pandemic negatively impacted your organization for the following reasons:

1. You used investors funds to acquire a KAYVEE micro finance company in August 2021. Firstly, world economies were already in recovery mode. secondly, you do not use short-term funds for long term investments. This is a very basic investment principle/concept. I am not surprised that you guys did that. A review of your profile on Linkedln shows that you have no work history cum antecedent.

2. You also used their funds to establish a cashew processing factory in November 2021. Same mistake as above.

3. As a result, you and your co-founder and CEO, Osazuwa Osayi have not been able to meet your financial obligations to your investors.

4. You sent several mails and had a webinar on 18th January 2022 stating that payment has commenced for investors with 1-2 units (N95K/unit). You also stated that all payments will be completed by April 2022.

5. You have just sent a mail today stating that payments will be suspended for 5 months till July 2022. And that Payments will be in 3 installments ending 1Q2023.

6. You have abandoned your Lekki office since 18th December 2021 so that you cannot be served court papers. Photo is attached.

7. There is no sincerity on your part. You are using this video to deceive the general public. Another one of your corporate propaganda that even deceived CNN. It is a big shame!!!

8. Lastly, pay investors their money!!! Shikena!!! You can keep using delay tactics to buy time and frustrate investors. No problem, you can only run for a while. Bible says that THERE IS NO PEACE FOR THE WICKED.

July payment has not been received till now This is too much on me considering the huge amount I invested.

Worse of it all, they're not responding to mail again since we started this July.

bamot: Quote Post

Dear Leroystic,
I agree 100% with your exposition including your last statement that ''THERE IS NO PEACE FOR THE WICKED"
It is very unfortunate that investors have to trust this crop of people with their hard-earned investment under the so-called Agropartnership starting from their Executive director; Charles Ojei , Osayi Osazuwa to Uyi Osayinmwense. The idea behind Crowdfunding started as far back as 1885 and has transcended to other African countries and Asia the funds are normally deployed to promote and finance Small scale industries hence, people should stop thinking that investors were greedy if they should erroneously repose their confidence in the people they shouldn't have through the belief that Farmforte/ Agropartnership has the ability to make a difference in Agricultural outfit but unknowingly to the investors that these people have a mindset to defraud. For example, how can a Fund seeker withhold people's money for more than a 7months period without paying interest, you promised(which you called the worst scenario) to pay your investors between 5-10% of accrued interest on or before July 2022; only to come up with another excuse on why you have to default. Haba! this madness can only happen in Nigeria. I have it from a reliable source that these people were operating through a proxy to escape the tentacles of relevant authorities but they are just being wicked to the crowd-funders yet they have paid all their staff up to the month of July 2022. A copy of their wicked correspondence to investors is hereby attached.

Dear Leroystic,
I agree 100% with your exposition including your last statement that ''THERE IS NO PEACE FOR THE WICKED"
It is very unfortunate that investors have to trust this crop of people with their hard-earned investment under the so-called Agropartnership starting from their Executive director; Charles Ojei , Osayi Osazuwa to Uyi Osayinmwense. The idea behind Crowdfunding started as far back as 1885 and has transcended to other African countries and Asia the funds are normally deployed to promote and finance Small scale industries hence, people should stop thinking that investors were greedy if they should erroneously repose their confidence in the people they shouldn't have through the belief that Farmforte/ Agropartnership has the ability to make a difference in Agricultural outfit but unknowingly to the investors that these people have a mindset to defraud. For example, how can a Fund seeker withhold people's money for more than a 7months period without paying interest, you promised(which you called the worst scenario) to pay your investors between 5-10% of accrued interest on or before July 2022; only to come up with another excuse on why you have to default. Haba! this madness can only happen in Nigeria. I have it from a reliable source that these people were operating through a proxy to escape the tentacles of relevant authorities but they are just being wicked to the crowd-funders yet they have paid all their staff up to the month of July 2022. A copy of their wicked correspondence to investors is hereby attached.

The big lesson here is that in Nigeria, don't believe any social media platform promoting crowdfunding or some sort of financial or agricultural investments. Crowdfunding in Nigeria is largely a fraud. Unsecure deposit-taking in Nigeria is a fraud, no matter the social media jingle. Dont believe any of these social media platforms promoting investing in land, agriculture and money deposits. Do your own research and your own investments. I invested in more than N500k in Agro-partnership because two youtubers promoted them. Somehow the armchair investors will never win in Nigeria. it will happen again in 10 years after people have forgotten this fraud.