Connect with us


Nigerian Police declares FarmKonnect CEO, Oluwole Azeez, wanted for over N50 million investment fraud



The Nigerian Police Force has declared Oluwole Azeez Saheed, the founder of FarmKonnect Agribusiness Nigeria Limited wanted for investment fraud worth over N50 million.

A special police gazette bulletin shows that following a warrant of arrest/bench warrant issued by the magistrate court of Lagos, he is wanted for the offence of criminal conspiracy, obtaining money by false pretence, fraud and stealing with social media space and medium advertising investment – property involved with cash money of N50 million.

This followed a petition by Chive GPS to place FarmKonnect founder on Interpol global red notice for obtaining money by false pretence and investment fraud.

The petition seen by Nairametrics reads, “We are retained by ‘our clients’ and on whose express instruction we write to lay a criminal complaint of a well-orchestrated theft, fraud, and obtaining money by false pretences against Oluwole Azeez Saheed herein referred to as Azeez, and for him to be placed on a red notice.


“Sometime in 2019, Azeez through FarmKonnect invaded the social media space and other medium advertising for investment and posed as investment mogul that can manage the public’s funds in various agricultural enterprise in exchange for fixed return at a predetermined rate and duration.”

The statement further revealed that subscribers at different points transferred over fifty million to different bank accounts owned by Azeez with the expectation of fixed interest.

It added, “Oblivious of the large-scale fraud ahead, our clients transferred, at various times the sum of Fifty Million Five Hundred Thousand Naira (N50,500,000) into the corporate accounts of Farmkonnect Agribusiness Nigeria Ltd.

“The proposed transaction was packaged and designed to yield fixed interests. However, upon expiration of the investment, the chief mastermind Azeez stopped any form of communications with our clients and have since become evasive, switched off their phones and currently unreachable.


“We believe this may have been a premeditated fraud which was disguised as a legal investment scheme owing to false representations. We believe they may have also swindled thousands of persons of billions of Naira and they may have diverted the funds into real estate and other personal endeavours.”

To prevent Azeez from fleeing the country to South Africa, the petition sought to have him placed on a global red notice.

Meanwhile, we couldn’t immediately confirm this with the police as several calls put through to the Lagos Police PRO, SP Benjamin Hundeyin, were not answered at the time of the report.

Exclusive: Nigerian Police declares Oluwole Azeez, FarmKonnect CEO wanted for Over N50 million investment fraud

What you should know

  • Nairametrics had earlier reported how FarmKonnect tied down investors’ capital by holding on to their funds even when the payment date long elapsed.
  • The investors said they were drawn to the scheme because of the great endorsement it received from respected personalities.
  • A few months after the report, the company stated that its business administration, operations, trade and communication are being handed over to third-party companies going forward, as part of its effort to restructure the business.
  • In a statement, it said the company will stop all profit accrual models and work towards refunding of all investments, within the shortest time possible whilst also noting that the CEO will not be available on mobile phone and emails for the next 3 months on health reasons.



News14 mins ago

Citizens’ Right To Demand Accountability, Subject To Compliance With Tax Obligations – FIRS

News2 hours ago

2023:‘Our incoming president we love you die’ – Foluke Daramola hails Tinubu

News2 hours ago

Tinubu Isn’t The President Yet,Stop Monitoring His Movements – Keyamo

News2 hours ago

Breaking: Bola Tinubu Arrives From UK This Evening Ahead Of ‘Crucial Meeting’ Tomorrow

News5 hours ago

Court orders FCMB to pay N540m to pastor wrongly accused of laundering money for Magu

Entertainment5 hours ago

Nigerians ‘drag’ Mercy Aigbe’s husband, Kazim Adeoti, over ‘unfair’ birthday message to first wife

Jobs6 hours ago

Flour Mills of Nigeria Plc Recruitment 2022 October (5 Positions).

Jobs7 hours ago

Vitalvida Recruitment 2022, Careers & Jobs Vacancies (4 Positions)

Jobs7 hours ago

Proxynet Communications Recruitment 2022, Careers & Job Vacancies (3 Positions)

Education9 hours ago

UST Scholarships 2023 in South Korea | Fully Funded

News9 hours ago

BREAKING: 18 Governors, Former Nigerian Leaders Back Peter Obi For 2023 Election

Entertainment10 hours ago

Breaking: Mercy Aigbe’s Sister Calls Out Actress, Mother For Stealing Her ‘Divine Destiny’

Entertainment11 hours ago

Britney Spears shares multiple nude photos as she bares her mind about this…(photos)

Business & Economy11 hours ago

Black Market Dollar To Naira Exchange Rate 6th October 2022

Entertainment11 hours ago

Why I Can’t Confirm My Relationship With Sheggz – BBNaija’s Bella

Also Read...