CRIME: List of Agric Ponzi Schemes

Following the COVID-19 pandemic, many people sought refuge in various “investment” schemes as a means of being better prepared for an uncertain future.

In Nigeria, many of such Agriculture related investment opportunities sprang up, promising enticing rates of returns as high as 25% to 100% per annum – or even more!

Unfortunately, many of these so-called “Agrotech” schemes have failed to deliver on their promises, and those who invested in them have found that their money is “gone with the wind”.

Some of the platforms may have started with genuine intentions but eventually got overtaken by poor management, negative effects of the pandemic, or sheer greed, as the case may be.

Below is a sample list of such schemes, arranged in alphabetical order:

  1. Agrilet
  2. Agrorite
  3. Bazuze
  4. Ceepass
  5. Chinmark Ventures
  6. Crowdyvest
  7. Eatrich
  8. Emerald Farms
  9. Farm Agric
  10. Farm Power
  11. Farm4Me
  12. Farmcrowdy
  13. Farmforte Food Valley
  14. Farminvest
  15. Farmkonnect
  16. Farmsby
  17. Farmsponsor
  18. Foxygreen Agro Enterprise
  19. Goldvest
  20. Groupfarma
  21. HoCorn
  22. Jadek farms
  23. Menorah Farms
  24. Ovaioza Warehouse
  25. Payfarmer
  26. Plethora Farms
  27. Porkmoney
  28. Porkvest
  29. Requid
  30. SGL Farms
  31. Shopagric
  32. Thrive Agric
  33. Titan Farms
  34. Vestpay
  35. ViableX

Whereas many of the promoters of these “ventures” have been arrested by law-enforcement agencies, many others are on the run, while their investors are left with losses and regrets.

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