₦airaland Forum

AngelicBeing:
Hian, Lol at known ponzi legend, anyway, the sad thing is that, several of such phony chop I chop investment promoters are still on the wings in Nigeria, waiting to set up offices, obtain from gullible people, take them to their slaughter slabs, cash out and benjohnson away to Paris

They are many, imagine a CEO having 3 different agritech. Where is Hocorn and SGL? Many will go to the slaughter slab

AngelicBeing:
Sometimes l wonder the kind of voodoo, jazz or charms some of this Oluwole or chop I chop investment promoters used on their victims, how can you ask me to invest in a phony agricbizness eg in cassava / banana or onions and you promise to give me 20 to 30 percent in profits, and I will withdraw cash from my bank account to invest in a wilderness agricultural bizness, after few months or years, you the CEO / management team will vammoose to Jamaica or Bahamas to enjoy your loot in a cozy 5star hotel drinking champagne with grilled Carribean spicy ox-tail and keep me in premium tears

It's not jazz. Most agrictech investors have never been to a farm or know the process it takes to plant and harvest yam. so if they see 30% in 4 months they jump at it. Goathq just gave someone only 5% of their 2m investment after 9 months of keeping the funds You cant keep investors money for 9 months only to announce regrets 4 days to payment date. 5% guaranteed at the end of March means 5% in 9months basically., JV rice extended their duration to 10months of an initial 7months rice farm.

I remember one of them asking for my input about a farm, and I simply told him ask the agritech to show your their farm, ask the CEO if he ever tilted the ground before, he thanked me after they agrictech could not even show him their farm couple with the fact that the CEO was a know Ponzi Legend in Nigeria.

AngelicBeing:
Chai, talking about Planwell- watershed, I recalled vividly the trauma several people l knew went through as a result of the collapse of Plainwell

I know the guy (CEO)like the back of my palm, he was shot at Ekpoma - Edo State at his family house by unknown gun men before he relocated to hide in Niger state

l know him to his family house in Ekpoma and all his siblings, all the time the case was on-going in Benin city, he hid several of his vehicles at Ekpoma, moved the rest to Abuja and Niger state to do transportation business

The summary of Planwell was that all his victims were wrecked financially and Planwell got away with some of his hidden assets, case died a natural death in Benin city and yet millions of Nigerians didn't learn a lesson from that disaster, ponzi or get rich schemes is likened to mugu fall, Guyman wack, Guyman fall, police chop, end of story

Same thing will happen to many of this agritech investment

wellmax:
Old news.
Over a month ago

Nairaland can carry old news

Phraences:
Risevest have stated severally that the trustee arrangement was made directly under the approval of SEC Nigeria who confirmed this is the best arrangement for the company. But to fulfill all righteousness, i will liaise with SEC directly and get back to you.

I am waiting