The Nigeria Police Force has declared a businessman, Azeez Oluwole Saheed, wanted for alleged N50 million investment fraud.
The founder of Agribusiness Nigeria Limited is expected to appear before the Assistant Inspector General of Police, Force Criminal Investigation Department (FCID) Ikoyi, Lagos.
A special police gazette bulletin disclosed that a warrant of arrest/bench warrant was issued by the Magistrate Court of Lagos.
Azeez is wanted for alleged criminal conspiracy, obtaining money by false pretence, fraud and stealing with social media space and medium advertising investment.
The police acted on a complaint of “well-orchestrated theft” by Chive GPS on behalf of its clients; it demanded that the 49-year-old be placed on a red notice.
It said after an advertisement in 2019, many subscribers separately transferred over N50 million into the corporate accounts of Farmkonnect.
The statement reads in parts: “My client is not on the run as widely reported. The implements and properties of FarmKonnect are still here for all investors to see. Our joy as a nation is not to see businesses fail or hound investors or innovators, but to create a channel to recovery, this and all is what we are doing.
“The MD of the company, Mr Azeez Oluwole is also available taking assiduous steps to see to the end of the crisis and never absconded.
My team would never have been engaged if the MD never had the good faith to resolve the crisis.
“We are in the professional service of mediation and debt management and we are also working with other companies to stem the tide, and as such, there was no need for the investors who have come to the table to panic as there is light at the end of the tunnel.
“So far over 60% of the investors have agreed to the repayment agreement which was issued out by the firm.”
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