“As it is, we are still expecting disbursement of the funds. Last week, I (CEO) was engaged in series of meetings regarding the disbursement of these funds and the assurance and reassurance was given that we will get this fund before the end of this year (2021)…”
The words above are from Farmsponsor, an agri-crowdfunding platform which claims it has a mandate to promote food security in Africa during its meeting with investors’ representatives as of 12th of December 2021. The business, which is owned by two brothers: Chike E. Akpa and Innocent N. Akpa (a.k.a Bill Kenneth) promised investors 250% ROI on long term (five years) and 15% ROI on short term cycles (3 months).
Every day, as the lines continue to resonate in the minds of over four thousand investors who have been failed many times by Farmsponsor, an important question that clouds the mind of many is, “Are the co-founders of Farmsponsor playing games with investors?”
Not only has the company failed to deliver on their promises, but its co-founders have also ceased communicating with members, putting a hold on zoom calls with investors and failing to respond to questions on how and when the scheme would help to end the pain suffered by investors.
As of the time of this report, Nairametrics gathered that after almost a year since it started defaulting in July 2021, the platform has continued to make empty promises and give investors false hope.
Back story
In July 2021, the platform explained…
