Compell CEO RAGP Ositadinma Oshopo To Release Illegally Seized Depositors' Funds

Compell CEO RAGP Ositadinma Oshopo To Release Illegally Seized Depositors' Funds

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Ayodele Lijadu started this petition to The Economic And Financial Crimes Commission (EFCC); Central Bank of Nigeria (CBN); and

The company, Recharge And Get Paid Ltd,  a NigerianTelecoms and related services company, (also known as RAGP), with registered address at HCR PLAZA, PLOT 521 SYLVESTER UGO CRESCENT, BEHIND ECO BANK, JABI, ABUJA (FCT), and which is a registered Nigerian company with The Corporate Affairs Commission (CAC), with RC Number: 1279919, has fraudulently, criminally, and illegally, withheld and frozen monies in the accounts (wallets) of millions of it's subscribers across the length and breadth of Nigeria for over six(6) months, and continues to do so, despite several appeals to it through its CEO and Managing Director, Mr. Ositadinma Oshopo. 

For over six months, millions of registered distributors of RAGP have not been able to access funds in their wallets to carry out ANY business from their accounts because these accounts have been put on lien(inaccessible), neither have they been able to withdraw these funds from their RAGP wallets into their personal bank accounts because the withdrawal button has been deactivated.

The reasons adduced for the above actions, as put forward in different communications officially and privately by Mr. Ositadinma Oshopo, the CEO of RAGP, are not known to any Nigerian law that we know of regulating financial dealings between depositors and financial related companies and institutions, such as Recharge And Get Paid Ltd, (RAGP).

The CEO, Mr. Ositadinma Oshopo, claimed that there was erroneous funding of some (unknown) distributors' wallets running into millions of naira, by the company's third party payment processor (Providus Bank), and in order to repossess those funds, there was a need to put ALL depositors' funds on lien, while they try to identify the wallets 'erroneously' funded.

A process that was supposed to last just a very short period (two weeks one presumed at most), has dragged on for over half of a year with no sign that it will be reversed. Instead, new and alternative wallets were opened for all distributors, and directives given that distributors willing to continue to do business on the platform of the company should fund their new wallets pending the time the old wallets will be unliened.

We feel this action of RAGP Ltd and it's CEO Ositadinma Oshopo is criminal, fraudulent, and illegal, and we call on the EFCC and The CBN especially, as well as other agencies and arms of government and other stakeholders in the Nigerian economy to come to the aid of distraught distributors of this company, many of whose livelihoods and investments have been put in jeopardy. 

We believe very strongly, and without any equivocation, that Mr. Ositadinma Oshopo, the CEO of Recharge And Get Paid Ltd, has fraudulently and criminally diverted and misappropriated depositors' funds in their wallets, (entrusted into his care), and worth billions of naira, and should be made to refund and account for these funds.

Furthermore, we call on the appropriate authorities and agencies of government, particularly the Economic And Financial Crimes Commission (EFCC), The Central Bank of Nigeria, (CBN), and The National Assembly, whose members are the representatives of Nigerian Citizens, elected into office for the sole purpose of representing and protecting the rights and welfare of their different constituents, (including the rights to invest in Nigerian businesses without the risks of being defrauded of their hard earned funds), to sanction and prosecute Mr. Oshoppo Ositadinma and his company Recharge And Get Paid Ltd, in accordance with the laws of the land.

 

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