Sun. Feb 9th, 2025
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The management of Agricultural and Financial Inclusion for Daily Earners (AFIDE) has once again reiterated its commitment to its numerous co-operators to repay their contributions to them.

AFIDE Management affirmed that truly people trusted them and contributed their hard-earned money with them, stressing that the contributors have every right to demand for their money and protest the delay.

They however pleaded with them to know that the delay in payment is due to the recent cash run resulting from the fact that about 5250 members wish to receive their money all at once without prior warnings.

In a statement signed and released Ishola Abisoye on behalf of AFIDE, the management regrets its inability to meet up with the demands of their co-operators, stressing that the state of the nation’s economy has affected its business and cash flow.

“This over-stretched our cash flow and personnel and led to low morale, health breakdown and many other challenges.

“Notwithstanding the pressure and the challenge, we have already started paying our co-operators across the states we operate in. Our company is registered with relevant government agencies and we do not have any plan or intention of absconding with our co-operators’ hard earned money. We had to stop receiving money because we wanted to sort out all the pressures on ground and assure the members that we are genuine and reliable.” the statement reads.

According to the statement, AFIDE Management however frowned at how some co-operators began to beat, humiliate, attack and arrest their members of staff and also attack their office too while others looted the office appliances. It stressed that the company had to lie low on its operations till every co-operators is fully settled, promising that it would be achieved in a very short while.

Part of the statement reads: “We also want to appeal once again to some of our co-operators who come to our offices to attack our property and staff members to kindly exercise patience as we shall not rest on our oars until every person gets paid to their last kobo. We apologize for the delay which is due to the volume of transaction we have to deal with. We are a responsible organization and that is why we are doing everything to bring the situation under control. This press release is to keep our numerous clients abreast of the actions we are taking to make sure that they get back their money as soon as possible. We are not fraudulent and we are not running away with people’s money. We have operated for over four years in Oyo State without any hitch or difficulty.

“We are also aware that police arrested some people for attacking our property and beating our officials, we have secured their bail unconditionally as we are not interested in pressing charges against anyone. Our priority is to get all our co-operators paid soon.  Once again, we hereby recognize that we are owing some of our clients, however it is important to reiterate here that we have already started paying. Also, as against some unfounded rumours by some unscrupulous elements, we want to tell the general public that we are not running away with people’s money and we appeal for patience and support through this phase.”

AFIDE also promised to continue to keep the public informed of the progress in payment of its investors, adding that transparency remains an integral part of the company’s policies.

The management thanked the general public, especially their co-operators for their support, patience and understanding, promising that AFIDE will continue to hold them all in high esteem as the lifeline of their business.

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