₦airaland Forum

dalaman:
Not true.

"Global refining margins — the gross profit for processing one barrel of crude — typically hover between $2 and $5. Sometimes they go negative. Sophisticated refineries, with greater flexibility, are able to process lower-quality crudes, or produce more high-valued products, can do better."

The gross profit NOT the net profit is 2-5 dollars per barrel. The net profit will be less than a dollar.
The net profit is the real profit not the gross profit

yahoodetector:
Igbo man will never put his money into nonsense that he can never see.

But these sofistikated people from the west that claim to be the most educated will jump at anything to get rich and they end up getting poorer like Pa Ayoola.

Later when his mate in the south east puts his money into something viable and it reaps fruit for his children after he is gone, they will say it is money rituals.

Buffons who only know how to snatch ballot box.

OGHENAOGIE:
so Igbo pple node part of Dem right... These bragging wey una de do de tire person Sha... Did Igbos not lose money to mmm... Sometimes Ina de do like poor ppple node Igboland and na eldorado e be...

Ofunaofu:
“They were well organised. I call it organised crime

Khyrvxjzy:
dey are scam

mine no be ponzi, paid 16k and travel all for training,it was after all this u invest. the training they said was in a shop instead on farm. but me no invest... pain me i wasted money and even travel

they always beg people on radio say their roi never ready.... all na scam

fantastic1:
I do not blame anyone who fell for this. It is not even greed. How else do you hope of retiring and enjoying without investments? Like that accountant, he must have done his background checks. He must have seen that the company is into actual agriculture and investments. He must have seen that they have a world class cashew farm that even the governor of Edo state, commissioned. Anybody that is serious about investment can fall into this kind of scam. The scam is too clean for you to see loopholes. People that have not invested a kobo in their lives, will come here to mock others.

nedekid:
As one big time guyman those days said. Any money he makes, he keeps 30% to settle wahala that might come up.
Recently my paddy was telling me of one popular rich fellow that has lots of clubs and launched one equivalent of alomo betters, how he was invited by hehefcc and how he settled 2b.
Those guys would have settled those that they have to and hence everywhere is quite. If olapa were really after them, na to declare them wanted and they will be fished out by interpol, any airport they land, their name will trigger when they present their passport.

PNomsule:
The ultimate point is fund recovery not rhetoric.

MrBroke:
Dumb ass people. When we bring ideas they don't buy but fraud shit is where they put money at. Breakfast served hot

sukkot:
But truly I don't think these guys intention was to scam. I think they just ran out of money. I have been to their shop on admiralty way Lekki and it is beautifully situated facing the water. The product is good quality and they employ a lot of workers. Upstairs is a restaurant and downstairs a juice and muffins bar and middle floor is the supermarket. Then one day a few months ago I went in and the shelves were empty and it looked like they were packing out and running. Even the frontline workers looked confused and didn't know what was happening. I bet they do now. I asked the guy in the bread and wine section if they were closing down and even he looked befuddled and confused and didn't know what was happening

Reference:
Which farm is there on Admiralty way or are we talking about the same thing.
Is this not supposed to be an agro-business.
How many that invested ever saw a farm with crops growing or being harvested?
Na waoh.

Reference:
This is the problem. Everyone has 'ideas', some genuine and even well intended. However ideas alone do not translate to a successful enterprise and before you seek 'investors' it is important to prove success. This is the million dollar question (no pun intended) all over the world of venture capital, proof of success.

Reading through the varied 'victim's statements', one string held them all together over the fire, not a single cashew nut, bunch of bananas or bag of rice, leading me to wonder, exactly what were people investing in.

Princessstee:
First Tingo, now this.
What is real about these people sef

MarketDispatch:
How much is Tomatoes , that someone will be promising 20- 36 % ROI . Sad to hear many people were defrauded.

Princessstee:
First Tingo, now this.
What is real about these people sef

miqos02:
adherence to corporate governance is low in one man business

EcoBrick:
https://thenationonlineng.net/mother-of-all-scams-how-farmforte-owners-duped-investors-of-billions-of-naira-relocated-abroad-to-live-large/




To be continued below...

BloomingDale:
“At this point, Ayoola decided to push all his earnings into the business”

Lol. 😀🤣😂😀

dalaman:
Dangote refinery is in the same league with these fraudulent companies in reality. Let me explain. We are now in an enegry transition era, refineries are now low profit margin businesses. Infact White people don't build refineries anymore, and the few ones they built in the past 10 years are all not more than 250bpd. Check out all the refineries world wide and see their profit margin despite high crude oil prices. Dangote went and built a 650bpd single train refinery knowing very well that refineries don't make any serious profits anymore, he sent the liar and scammer Godwin Emifiele to lie that the refinery has started paying its debts. Which is an outright lie and a fraudulent claim.

Once the refinery starts operating, he will Issue and IPO and people will run to go and buy the shares, that will increase his personal wealth to over $50 billion. The refinery will no longer be based on the profit or loss it brings but based on the shares that are traded. Its a ponzi, but a legitimate one because we live in a world where might is right.

fantastic1:
I do not blame anyone who fell for this. It is not even greed. How else do you hope of retiring and enjoying without investments? Like that accountant, he must have done his background checks. He must have seen that the company is into actual agriculture and investments. He must have seen that they have a world class cashew farm that even the governor of Edo state, commissioned. Anybody that is serious about investment can fall into this kind of scam. The scam is too clean for you to see loopholes. People that have not invested a kobo in their lives, will come here to mock others.

EcoBrick:
Continued...





Mynd44
Nlfpmod
E

KingOfTheDamned:
Simplyleo aka omenka aka LeoDeKing

Agriculture investment business men them 🤣🤣🤣🤣🤣🤣
You see them online claiming they don't work for anyone that they are Abuja bigboys after scamming people using agriculture .

Most of these scammers converted to Tinubu supporters overnight to hide their crimes

Imagine the number of victims this farmforte has reaped off