{"id":1921,"date":"2021-09-14T22:46:55","date_gmt":"2021-09-14T21:46:55","guid":{"rendered":"https:\/\/mydailybells.com.ng\/businessbells\/?p=1921"},"modified":"2021-09-14T22:46:55","modified_gmt":"2021-09-14T21:46:55","slug":"how-sam-afolabis-eatrich-farms-manipulated-employees-to-collect-loans-on-his-behalf","status":"publish","type":"post","link":"https:\/\/mydailybells.com.ng\/businessbells\/how-sam-afolabis-eatrich-farms-manipulated-employees-to-collect-loans-on-his-behalf\/","title":{"rendered":"How Sam Afolabi\u2019s Eatrich Farms Manipulated Employees To Collect Loans On His Behalf"},"content":{"rendered":"

<\/h4>\n

Eatrich Farms, an agrotech business, recently made news headlines, after the arrest of its six staff and investors.<\/span><\/strong><\/h4>\n

 <\/p>\n

Revelations has it that the staff members and investors of the company were arrested for physical assault, a charge levelled against them by Bisi Dazuza, Eatrich Farms\u2019 Group Managing Director, for daring to demand their almost N1 billion arrears.<\/span><\/p>\n

 <\/p>\n

\u201cWhen they came to my office yesterday, they beat me and I even had a seizure in the process,\u201d Dazuza stated as she justified the reason she reported the case to the Police. \u201cOne of them threatened to kill me. After vandalising my property, they stole my money and laptop.\u201d<\/span><\/p>\n

 <\/p>\n

However, while controversies have continued to trail the ineptitude of Eatrich Fams to pay its staff and investors, Newsrand learnt how the company manipulated its employees to open accounts with Sterling Bank.<\/span><\/p>\n

 <\/p>\n

The accounts which were mandated to be opened with Sterling Bank, according to our sources, was with the aim of using it to access loans.<\/span><\/p>\n

 <\/p>\n

It was gathered that Eatrich Farms needed the loans in order to fund its businesses and the company\u2019s leadership asked its staff to get the loans on behalf of it.<\/span><\/p>\n

 <\/p>\n

\u201cWhile I was working with Eatrich Firms, Sterling Bank came up with an agro project which was brought to us. In order to access this loan, Sam Afolabi said all employees should open accounts and request loans, after which we should submit all the details to one of the heads of departments.<\/span><\/p>\n

 <\/p>\n

\u201cBut considering my smartness, it just didn\u2019t make sense to me. How will I open a bank account and give you the details? To worsen the situation, he told us his company would access loans via our accounts and just give us stipends. I refused to do it because of the risks I sensed. I couldn\u2019t think of paying another person\u2019s loan. It was just nonsense to me, \u201cformer assistant operations manager of the company Ayeni Dolapo stated.<\/span><\/p>\n

 <\/p>\n

Corroborating Dolapo\u2019s claims, a middle-aged man who worked with Eatrich Farm\u2019s founder as his personal photographer, said although he\u2019s no longer with the company, his bank account with Sterling Bank was used to collect a loan facility.<\/span><\/p>\n

 <\/p>\n

\u201cOne of the many issues am into with Eatrich Farms is the loan Afolabi used his staff members to apply for from Sterling Bank, and as I tell you this, there is N2.3 million in my account with the bank on behalf of the company.<\/span><\/p>\n

 <\/p>\n

\u201cI cannot access the money, and I have already written several mails to Sterling Bank to declare that I was no longer interested in whatever Afolabi wanted to use that money for. I honestly don\u2019t want to recount the awful things the company had me done during my stay there,\u201d he added.<\/span><\/p>\n

 <\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Eatrich Farms, an agrotech business, recently made news headlines, after the arrest of its six staff and investors.   Revelations has it that the staff members and investors of the company were arrested for physical assault, a charge levelled against them by Bisi Dazuza, Eatrich Farms\u2019 Group Managing Director, for daring to demand their almost […]<\/p>\n","protected":false},"author":5,"featured_media":1922,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[15],"tags":[1083,1085,319,1084,1082],"class_list":["post-1921","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","tag-eatrich-farms","tag-employees","tag-loans","tag-manipulated","tag-sam-afolabi"],"yoast_head":"\nHow Sam Afolabi\u2019s Eatrich Farms Manipulated Employees To Collect Loans On His Behalf — Business Bells<\/title>\n<meta name=\"description\" content=\"While I was working with Eatrich Firms, Sterling Bank came up with an agro project which was brought to us. 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