Following a report by Nairametrics on how unpaid Agropartnerships traders are making calls for of Farmforte CEO, Osazuwa Osayi for being unprofessional in his dealing with of the monetary crises the corporate is at present going through, the agritech platform has reached out to its traders.
In a mail forwarded to traders, Agropartnerships assured that traders’ funds are protected and promised a digital webinar scheduled for Wednesday, January nineteenth 2022.
Whereas traders are but to obtain hyperlinks on the webinar as of the time of reporting, the date for the upcoming digital assembly with traders coincides with the maturity date of the subsequent funding in line.
What Agropartnerships is saying
Expressing remorse on the inconvenience members have needed to undergo in the middle of requesting payouts, the agritech crowdfunding platform assured that there are plans in place to place issues so as.
The assertion learn partially, “We acknowledge that many Agropartners have skilled difficulties accessing their funds from Agropartnerships. We recognise the nice inconvenience this has brought about, contemplating the timing of its prevalence. We deeply remorse the scenario and are taking steps to make sure this doesn’t reoccur.
“With the intention to rapidly resolve this payouts within the completely different cycles, we dedicated to timeline which we thought have been lifelike. Nonetheless, we have been confronted with issue as we progressed and missed these timelines, additional decreasing our companions’ confidence in us. Communication with our companions was due to this fact delayed as we explored different to unravel the problems.
“That is no time to present excuse for a way we bought right here. We owe all our companions rationalization and readability on what we’re doing to resolve this going ahead. It is very important us that you just all the time do not forget that all of your funds are protected regardless of the lay.”
Noting that Agropartnerships will henceforth deal with crucial factors to resolve the problem, it said, “We can be having a companions webinar on Wednesday, January 19, 2022 to deal with considerations, present standing updates and make clear our plans in the direction of making certain all companions payouts are accomplished.”
What it is best to know
A number of days to the 2021 Yuletide celebration, traders of Agropartnerships cried out in concern that the agritech platform might not have the ability to fulfil cost for matured funding earlier than the tip of the 12 months.
Not having acquired returns on their investments as at when due, the traders threatened to contain attorneys and safety personnel in the middle of following up on matured investments unpaid by the platform.
Agropartnership is an agritech digital platform sponsored by Farmforte and focuses on funding in farms, trade-in commodities via crowdfunding tasks with a minimal of N90,000 per unit of funding mission.
Whereas the funding subsidiary of Farmforte, Forest Capital lately acquired Kayvee Microfinance Financial institution, some individuals consider that the agritech platform might have bitten greater than it might probably chew.