A few days to the 2021 Yuletide celebration, investors of Agropartnerships; an investment platform powered by Farmforte, have cried out in fear that the agritech platform may not be able to fulfil payment for matured investment before the end of the year.
The investors took to social media to call out Agropartnerships for failing to payout investment alongside returns as at when due especially at a time when the fund is most needed.
Compliant by investors ranged from non-payment of funds to missing funds in wallet, amongst others fueling growing pessimism about the platform.
Matured investment yet unpaid
The platform operates project finance, commodity and farm investment which promises return on investments between 16% to 40%, depending on project and time frame (usually six to 12 months). For instance, the available project finance of the website, Cashew value project offers 40% ROI in 12 months with per unit cost at N250,000.
Others include sold-out Sesame 04 which offers 32% ROI in 9 months, sweet potatoes 08 which offers 36% ROI in 12 months with a per-unit cost of 100,000
Information gathered by Nairametrics reveals that Agropartnerships is yet to pay investors their matured investment dues in December.
An investor identified as OfficialvivianIkeji wrote on Agropartnerships Instagram page, “We haven’t committed a sin giving you guys our money. Why can’t you just pay us in this current situation of the country? You want to scam people off their…