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Agri-Tech

Foxygreen halts payments

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Foxygreen a multipurpose platform has halted payments to investors citing different reasons including renewal from investors.

Quoting the organization latest press release: “Good day, We want to use this medium to appreciate everyone for your support and trust over the years. We are extremely grateful for the confidence that you have in us. In the spirit of transparency and demonstration of our commitment to you and your partnership with us, we wish to inform you that, all subscriptions to our partnership projects will be suspended effective today 13th August 2021 as at 4pm. Furthermore, we will also need to temporarily suspend payouts at this time. This is because we have had a lot of premature partnership withdrawals recently and in light of the capital-intensive nature of our ongoing projects, any more depletion in our resources especially through payouts or withdrawals could jeopardize our operations. These withdrawals can be attributed to the following: 1. the current skepticism about crowdfunding in the agricultural sector;(even though we are not a crowdfunding organization but a Multipurpose cooperative Partnership) and 2. low partnership renewals in the last few months. In light of the foregoing, you will agree that there is a need to re-strategize to avoid any delays in your payments or the efficiency of our business operations. Consequently, we hereby request a 4-month extension for the disbursement of any due payout. During this period, we intend to restructure our processes for more effective operations. We are confident that with the proposed restructuring we should be able to commence payout and subscription to our partnership programmes soon thereafter.

We encourage you not to panic especially when you bear in mind that we have maintained over 1200 days of consistent payouts even during the heat of the pandemic. Rest assured that we will keep you apprised of developments and are available on all our communication channels to provide any clarification you may require before, during, and after this period.”

The organization has called for calm in this turbulent period.

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Agri-Tech

EFCC declares Daniel Wales wanted.

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The Economic and Financial Crimes Commission has declared Adewale Jayeoba known as Daniel Wales wanted. In an Instagram post by the Economic and Financial Crimes Commission, “The public is hereby notified that Adewale Daniel Jayeoba of Wales Kingdom Capital Limited, whose photograph appears above, is  by the Economic and Financial Crimes Commission, #EFCC in an alleged case of investment scam”

Daniel Wales has taken to his social media account to combat the arrest warrant. He mentioned that he is still focused on repaying investors their capital and he will only appear in public when God asks him to. 

He also spoke about betrayal from people close to him saying they made him realize that movies are based of true life stories. 

Daniel Wales is the CEO of Wales Kingdom Capital, an investment platform which specializes in the trading of the foreign exchange market with a monthly return on investment of 20%

Jayeoba is a 24 year old native of Ori-Ade Local Government Area of Osun State.

According to the Economic and Financial Crimes Commission, His last known address is Suit 1004, Providence Centre, MKO Abiola Way, by NNPC Mega Station, Abeokuta, Ogun State.

Nairainvest would advise its readers to stay away from investment platforms that promises unrealistic return on investment also stay tuned to Nairainvest for more investment opportunities and do not forget to subscribe to our newsletter for news at your doorsteps. 

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Agri-Tech

Farmsponsor postpone investor’s payment till March 2028.

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Farmsponsor an Agri-Tech business that operates across the value chain of the poultry business, retail and agro estates; empowering local farmers has postponed the payment date of investors to as far as March 2028.

A luckier investor got her payment circle shifted to August 2027. In a press release, farmsponsor claimed that the SEC policy has affected the way they conduct business and that they will have to halt payments for now but investors are adamant that payments were already being differed before that and that the SEC fiasco is being used as a ploy by the organization to get out of the contract. 

On the 4th of June, they had appealed to investors to join their monthly Town hall meeting on Zoom. 

In the meeting, the Agenda was to introduce their new Financial Manager and Legal advisers, providing a way forward and General update for investors. Little did investors know that the new financial officers will spell doom for them as their first policy change would be to postpone payments to 8 years from now. 

Nairainvest is using its medium to appeal to the management at Farmsponsor to find a way to reimburse investors funds within a shorter period. 

Stay tuned to Nairainvest for more investment opportunities and do not forget to subscribe to our newsletter for news at your doorsteps. 

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Agri-Tech

Titans Farm Suspends Farm Investment.

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In a new development reaching us, Titanfarms has decided to suspend their investment process.

In an official statement on Instagram  the investment platform opined that:

Due to the SEC cease and desist order, we will henceforth cease to take investments from private individuals pending the time we fully meet the terms given. 

This will also give us time to focus on business growth to enable us pay all overdue August investments without adding to the pool of liabilities. 

We appreciate your support and patience at this time.

It remains to be seen how investors would react to this new development

Stay tuned to Nairainvest for more investment opportunities and do not forget to subscribe to our newsletter for news at your doorsteps.

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