Almost a month since Agropartnerships claimed there was a problem with the ‘Cashew 04 cycle’ that disrupted fee actions which should have been settled since sixteenth December final 12 months, Nairametrics can affirm {that a} host of the buyers (with 1-5 models of cashew funding) that the platform promised fee inside a stipulated 3 to 7 days are nonetheless hanging on to hope.

In the midst of this, Osazuwa Osayi, Co-founder and Co-CEO, Farmforte, the agritech agency powering Agropartnerships seems to be hiding in silence and making buyers play the ready sport, after making guarantees to buyers at a city corridor assembly to deal with the difficulty,

However at this level, buyers are uninterested in ready and they’re demanding a logical clarification to the continuing delay in fee in addition to to the uncertainty that surrounds future funding due for maturity as of at the moment.

Aggrieved by the continuing delay and lack of regard for buyers, an investor recognized as @TY stated on social media, “We have to get Agropartnerships to name a city corridor assembly ASAP. Allow them to clarify what occurred to our funds. Additionally, now we have folks like me that also produce other investments dropping this month, February, April, June and so on.”

One other investor recognized as @ekyn07 on Instagram referred to as out the agency to pay up as he’s out of persistence. He stated, “Pay me my cash. I’ve been affected person sufficient. I solely acquired one 1unit. I requested a payout since fifteenth December. It’s virtually 1 month, I haven’t obtained any, each for my cashew nut and rice chain funding. That is pure wickedness Pay me my hard-earned cash.”

Recall, Nairametrics had earlier reported that Agropartnerships, in a mail had acknowledged that fee might be made in batches to these with 1-5 models of funding inside 3 to 7 days whereas the funds of these with 5-10 models might be reinvested and fee made in April 2022.

For the first batch, we’ll payout companions with lower than 5 models (which accounts for greater than 60% of the cycle inhabitants) inside 7 days, in ascending order (which now we have already began). Afterwards, we’ll announce the method for the following batch,” the mail learn.

In the meantime, 7 days is now overdue and buyers inside this class say they’re but to obtain fee. The scenario has continued to gas concern for somebody like @mo-sunshyne who claims to have over 50 models amounting to shut to N5 million in worth and has been scheduled to attend till April to entry his fund.

The consumer on Instagram wrote, “I’ve misplaced my persistence already. 52 complete models is some huge cash. Why do I’ve to attend endlessly earlier than I receives a commission? I’m not taken with any of your rollover choices, I’m sure folks with greater than 5 models are getting paid. Do I’ve to wish connections to get my cash? Do I’ve to return to your workplace to shout? I’m going loopy and I demand that my hard-earned cash be paid to me.”

As talked about by the investor, the sample of fee has continued to confuse buyers as those that have under 5 models are nonetheless but to obtain fee up to now. This has stirred the belief that the platform could also be paying based mostly on connection, or how a lot effort is put into calling out the agency on social media.

Commenting on the gradual sample of fee, @Localman on social media stated, “If Agropartnership is working at this tempo to pay buyers with 1-5 models, I don’t see them assembly up with April 2022. I see all of these as technique to purchase time.”

He added, “let’s face truth and actuality, the unhealthy narrative is out already. No buyers are taken with placing any kobo once more. The quarterly fee delays have spilled into quarterly payouts. A number of funds in line earlier than April 2022.

What buyers are demanding

On the premise of unacceptable managerial operation, some buyers are proposing that Osazuwa Osayi, Co-founder and Co-CEO, Farmforte step down for somebody with higher competence to deal with the difficulty.

@Ucy stated on social media, “this CEO ought to simply step apart so that somebody that has expertise on methods to handle catastrophe like this may step in to shortly treatment the scenario.”

Likening the scenario to a interval when Thrive Agric had related points, he stated that an professional had shortly stepped in as an interim CEO, arrange a catastrophe restoration crew and folks acquired their cash inside 8 months.

Recommending the identical technique for Agropartnerships, he identified fixed city corridor conferences to supply updates in addition to popping out clear to buyers would go a great distance in placing issues to order.

In the meantime, Agropartnerships has continued to be unreachable, switching off contact numbers, closing down places of work and offering an automatic response to emails.

By meeky clicker

I am meeky clicker, I blog for education and tech. A crypto enthusiast and a Technology lover.