Home BUSINESS Be calm, your money is intact, we’re just facing minor challenges, Baraza...

Be calm, your money is intact, we’re just facing minor challenges, Baraza assures customers

Baraza logo



By Esther Eugene, Warri

The management of Baraza multi-purpose cooperative society has assured its customers who have to be calm, saying that no investors money would loss as management only faces minor challenges.

The management disclosed in a press statement sent to Daily Watch, said ” Management wishes to use this medium to inform all members of our cooperative to remain calm.

“As earlier stated in our general meeting via zoom on the 20th of March, 2021, the issues bothering on timely payments are issues that can and will be resolved.

“As stated in the zoom meeting we are faced with a situation where abilities to change and withdraw our profits takes five to fifteen working days as against the previous timeline of two to five working days, a situation that has far reaching implications for our man hour trading time.  This has greatly affected our ability to meet target profits .

“The other issue is  regularizations of our payment which is being managed effectively. Our goal is to have a seamless payment system irrespective of top up etc.

“We want to reiterate that we do not have any issue with any government agencies . We are a cooperative and are regulated by certain laws  which have  not been  defaulted.

“Our inabilities to meet up payment clearly has more to do with our inability to change our currency to our medium of exchange within a short time frame .

“Kindly note also that suspension of April payment is done in good faith and in order to allow the management to design such model to combat these issues  and serve you better.

Always know that your interest is our primary concern and utmost goal and we will not renege neither will we abandon such noble objective .

“To this end we are working tirelessly to manage these issues and we assure you that normalcy will be restored shortly ” Management assured.







Please enter your comment!
Please enter your name here