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The Nigerian Police Drive has declared Oluwole Azeez Saheed, the founding father of FarmKonnect Agribusiness Nigeria Restricted needed for funding fraud price over N50 million.
A particular police gazette bulletin exhibits that following a warrant of arrest/bench warrant issued by the Justice of the Peace courtroom of Lagos, he’s needed for the offence of prison conspiracy, acquiring cash by false pretence, fraud and stealing with social media house and medium promoting funding – property concerned with money cash of N50 million.
This adopted a petition by Chive GPS to put FarmKonnect founder on Interpol international pink discover for acquiring cash by false pretence and funding fraud.
The petition seen by Nairametrics reads, “We’re retained by ‘our shoppers’ and on whose categorical instruction we write to put a prison criticism of a well-orchestrated theft, fraud, and acquiring cash by false pretences towards Oluwole Azeez Saheed herein known as Azeez, and for him to be positioned on a pink discover.
“Someday in 2019, Azeez via FarmKonnect invaded the social media house and different medium promoting for funding and posed as funding mogul that may handle the general public’s funds in numerous agricultural enterprise in trade for mounted return at a predetermined price and length.”
The assertion additional revealed that subscribers at completely different factors transferred over fifty million to completely different financial institution accounts owned by Azeez with the expectation of mounted curiosity.
It added, “Oblivious of the large-scale fraud forward, our shoppers transferred, at numerous occasions the sum of Fifty Million 5 Hundred Thousand Naira (N50,500,000) into the company accounts of Farmkonnect Agribusiness Nigeria Ltd.
“The proposed transaction was packaged and designed to yield mounted pursuits. Nonetheless, upon expiration of the funding, the chief mastermind Azeez stopped any type of communications with our shoppers and have since turn into evasive, switched off their telephones and at the moment unreachable.
“We consider this may occasionally have been a premeditated fraud which was disguised as a authorized funding scheme owing to false representations. We consider they could have additionally swindled 1000’s of individuals of billions of Naira and so they might have diverted the funds into actual property and different private endeavours.”
To forestall Azeez from fleeing the nation to South Africa, the petition sought to have him positioned on a worldwide pink discover.
In the meantime, we couldn’t instantly affirm this with the police as a number of calls put via to the Lagos Police PRO, SP Benjamin Hundeyin, weren’t answered on the time of the report.
What it is best to know
- Nairametrics had earlier reported how FarmKonnect tied down buyers’ capital by holding on to their funds even when the fee date lengthy elapsed.
- The buyers mentioned they have been drawn to the scheme due to the good endorsement it acquired from revered personalities.
- Just a few months after the report, the corporate acknowledged that its enterprise administration, operations, commerce and communication are being handed over to third-party corporations going ahead, as a part of its effort to restructure the enterprise.
- In an announcement, it mentioned the corporate will cease all revenue accrual fashions and work in the direction of refunding of all investments, inside the shortest time attainable while additionally noting that the CEO won’t be obtainable on cell phone and emails for the following 3 months on well being causes.
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