By subscribing with FPE Foods and Agro-allied Ltd., you agree to the following terms and conditions:
- That you are subscribing with FPE Foods and Agro-allied Ltd.
- That FPE Foods and Agro-allied Ltd. is into Foods and Agro-allied, Farming, General Contracts and Import and Export of General Goods.
- 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.
- 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.
- That FPE Foods and Agro-allied Ltd. is a limited liability company, registered with Corporate Affairs Commission (CAC) of Nigeria.
- 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.
- 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.
- 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.
- That your subscription will be put into use into the various projects listed above.
- That FPE Foods and Agro-allied Ltd. currently has subscribers in Nigeria, Saudi Arabia,United Kingdom and Canada.
- That FPE Foods and Agro-allied Ltd. has won an international award of excellence in 2018.
- That for Plans A and B, Minimum subscription is #100,000 and Maximum is #5,000,000 at a particular time.
- That for Plan C, Minimum subscription is #100,000 and Maximum is #20,000,000 at a particular time.
- 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.
- 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.
- That subscription duration for Plan A is 5 months, Plan B is 135 days and Plan C is 12 months.
- 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.
- That it takes 3 months before Plan C subscription starts reading. While that of Plan A and B, it starts reading immediately.
- 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.
- That the relationship structure between FPE Foods and Agro-allied Ltd. and its subscribers is a kind of ‘Business Partnership Relationship’.
- 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.
- 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.
- 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..
- That you agree not to work against the interest of the company in any of its businesses.
- That Profit is paid between 25th and 31st of every month. While that of Plan B, it is paid every 45 days.
- That you will pay subscription application fee each time you want to apply for subscription and amount depends on what the management announces yearly.
- 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.
- That the company varies the profit yearly. New profit percentage is usually announced at year end against coming year subscription.
- That subscription certificate/subscription invoice will be sent to you each time you subscribe to a plan.
- That the company may give updates via WhatsApp/email.
- That the company can market its other businesses/packages/products to you.
- That this subscription policy can be amended from time to time.