Contributions Policy

By subscribing with FPE Foods and Agro-allied Ltd., you agree to the following terms and conditions:

 

  1. That you are subscribing with FPE Foods and Agro-allied Ltd.

 

  1. That FPE Foods and Agro-allied Ltd. is into Foods and Agro-allied, Farming, General Contracts and Import and Export of General Goods.

 

  1. That the Foods and Agro-allied Ltd. products includes processing of cassava tubers into: cassava flakes, cassava starch, cassava flour, cassava chips, animal feeds from the peels. And it may also include the following into its processing: plantain flour, plantain chips, rice, etc.

 

  1. That its mechanized farming can be subscribed to by its subscribers by booking for number of acres/hectares desired, fund it, while the management is handled by the company and profit is shared in the ratio 30 : 70 for the company and subscribers respectively.

 

  1. That FPE Foods and Agro-allied Ltd. is a limited liability company, registered with Corporate Affairs Commission (CAC) of Nigeria.

 

  1. That FPE Foods and Agro-allied Ltd. is licensed by the Nigeria Export and Promotion Council to export any of its products to any country in the world.

 

  1. That FPE Foods and Agro-allied Ltd. currently has its Foods and Agro-allied Processing factory in Iseyin, Oyo State, and will still have more as the company grows and expands.

 

  1. That the company will have some warehouses/offices/branches in some other part of Nigeria as well as some other countries as a form of business expansion.

 

  1. That your subscription will be put into use into the various projects listed above.

 

  1. That FPE Foods and Agro-allied Ltd. currently has subscribers in Nigeria, Saudi Arabia,United Kingdom and Canada.

 

  1. That FPE Foods and Agro-allied Ltd. has won an international award of excellence in 2018.

 

  1. That for Plans A and B, Minimum subscription is #100,000 and Maximum  is #5,000,000 at a particular time.

 

  1. That for Plan C, Minimum subscription is #100,000 and Maximum  is #20,000,000 at a particular time.

 

  1. That amount must be in multiples of #50,000 or #100,000 for Plans A and B. While that of Plan C, it must be in multiples of #100,000.

 

  1. That subscription window for Plans A and C opens between 1st and 5th of every month only. While that of Plan B opens between 14th and 16th of every month only.

 

  1. That subscription duration for Plan A is 5 months, Plan B is 135 days and Plan C is 12 months.

 

  1. That subscription is paid back 25 days after last profit is paid for Plan A and B only. While for Plan C, subscription is paid back 15 days after last profit is paid.

 

  1. That it takes 3 months before Plan C subscription starts reading. While that of Plan A and B, it starts reading immediately.

 

  1. That the management will continue to use its professional experience to manage the projects for best results and to be able to continue to deliver to its subscribers.

 

  1. That the relationship structure between FPE Foods and Agro-allied Ltd. and its subscribers is a kind of ‘Business Partnership Relationship’.

 

  1. That most partnerships in businesses (of which FPE Foods and Agro-allied Ltd. isn’t an exception) is all about sharing of risks, and profits or losses.

 

  1. That you become a partner in business to FPE Foods and Agro-allied Ltd. (and you start to share risks, profits and losses) when you decide to subscribe to any of the ventures that FPE Foods and Agro-allied Ltd. run.

 

  1. That risks, profits, and losses are part of every businesses…FPE Foods and Agro-allied Ltd. perfectly understands this…and as experts and professionals in the field, FPE Foods and Agro-allied Ltd. has duly,fully and professionally insured its Projects/businesses/landed properties/ processing factory with one of the leading insurance firms in Nigeria – LeadWay Assurance Company Limited..

 

  1. That you agree not to work against the interest of the company in any of its businesses.

 

  1. That Profit is paid between 25th and 31st of every month. While that of Plan B, it is paid every 45 days.

 

  1. That you will pay subscription application fee each time you want to apply for subscription and amount depends on what the management announces yearly.

 

  1. That Profit for Plan A is 5%, 6%, 7%, 6% and 7% for 1st, 2nd, 3rd, 4th and 5th months respectively. That of Plan B is 8%, 9% and 10% respectively for 1st, 2nd and 3rd cycle respectively (a cycle is 45 days). That for Plan C, 4th month profit is 11% while 5th to 12th month profit is 8% per month.

 

  1. That the company varies the profit yearly. New profit percentage is usually announced at year end against coming year  subscription.

 

  1. That subscription certificate/subscription invoice will be sent to you each time you subscribe to a plan.

 

  1. That the company may give updates via WhatsApp/email.

 

  1. That the company can market its other businesses/packages/products to you.

 

  1. That this subscription policy can be amended from time to time.