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Nigerian Police Declare FarmKonnect CEO Oluwole Azeez Wanted Over Alleged N50Million Investment Fraud


Nigerian businessman and Agribusiness Nigeria Restricted founder, Azeez Oluwole Saheed, has been declared needed.

He was declared needed by the Nigeria Police Drive over alleged N50 million funding fraud.

Saheed is scheduled to seem earlier than the Assistant Inspector Basic of Police, Drive Felony Investigation Division (FCID), Ikoyi, Lagos.

A Justice of the Peace Court docket in Lagos issued an arrest warrant/bench warrant, based on a particular police gazette bulletin, revealed by Day by day Publish. 

The bulletin signifies that Saheed is needed for alleged legal conspiracy, acquiring cash by false pretences, and fraud, amongst others. 

The police acted on a criticism of “well-orchestrated theft” by Chive GPS on behalf of its shoppers; it demanded that the 49-year-old accused particular person ought to be positioned on a pink discover

It acknowledged that following an commercial in 2019, quite a few prospects individually transferred over N50 million into Farmkonnect’s company accounts.

Noting that the funds had been meant to earn earnings, the prosecution acknowledged that Azeez thereafter stopped speaking with buyers and was unavailable.

In line with the petition, the exercise may have been a deliberate fraud camouflaged as a authentic funding scheme due to misleading claims.

“We believe they may have also swindled thousands of persons of billions of Naira and diverted the funds into real estate and other personal endeavours,” it reads

The buyers defined that they had been drawn to the scheme due to the endorsement it acquired from revered personalities.

Ajibola Lawal, the lawyer representing the suspect, has nevertheless denied that his consumer is on the run, as famous by a police report.

Lawal mentioned the Agritech firm is going through some crises however continues to be viable. 

“Azeez is taking assiduous steps to see to the top of the disaster and by no means want for buyers to panic.

“So far over 60% of the investors have agreed to the repayment agreement which was issued by the firm,” he mentioned in an announcement. 

Azeez’s profile says he “trained as a chemist” and “built a career as a versatile military officer of the Nigerian Navy and a maritime security specialist.”

He recalled how he made his first agric funding in 2001 and established FarmKonnect in 2016 “with a meagre seed investment of 30,000 Naira ($200)”.

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