Azeez Oluwole, the founder of FarmKonnect, has denounced what he called a “false publication” aimed at undermining his years of “hard labor, sacrifice, and dreams.”
This is a reaction to a recent media report against Farmkonnect.
In a statement titled “We Failed, But We’re Not Criminals”, released on Thursday, May 29, Oluwole addressed claims made in an article featuring the testimony of an investor identified as Mariam.
The publication suggested that FarmKonnect, an agritech investment firm, had collapsed amid allegations of financial mismanagement.
Oluwole acknowledged that the company had experienced serious disruptions but strongly rejected any notion of fraud.
“Let’s set the record straight. Yes! We failed, but no! We did not scam anyone,” Oluwole said.
He attributed the company’s operational challenges to what he termed force majeure; unforeseen and uncontrollable events such as the COVID-19 pandemic, economic instability, and logistical setbacks which he said, severely hampered FarmKonnect’s ambitious projects.
“These were not issues of mismanagement or deceit,” he explained. “They were global and national crises that no one could have predicted,” He explained.
Oluwole emphasized that FarmKonnect’s physical assets, particularly those located in Wave City, Wasimi, remain “untouched and verifiable.”
He claimed that this critical detail was intentionally omitted from the publication.
“Why was that not mentioned?” he queried, questioning the motives behind the editorial choices of the publication.
In an effort to maintain transparency, Oluwole pointed to a series of investor engagement efforts, including regular updates via his dedicated platform, www.azeezoluwole.com.
He also cited an investor circular from April 2025 titled “A New Dawn Has Come!”, which, according to him, signaled the company’s efforts toward a rebound.
Oluwole likened the current media attack to a previous one in 2022, which he claimed derailed a significant recovery deal.
“This new post follows the same pattern, an attack immediately after signs of recovery,” he alleged.
Despite the setbacks and public scrutiny, Oluwole expressed optimism about the company’s future.
“The long wait is finally ending,” he assured stakeholders. “Very soon, we’ll be back in business.”