As Chinmark saga continues, many people are coming out to either air their view or distance themselves from the whole issue.
Few days after Marksman Ijomah, the owner of the company, came out to tell the public that they could not pay their investors because their account was frozen by Securities and Exchange Commission (SEC) December 21, 2021, that they had resumed payment, that out of 4966 partners (investors) 500 have been paid. He assured others that they would be paid.
He posted:
Dear Partners,
Thank you for being here with us, for staying stronger and believing in us.
These early months of 2022 has been very challenging for our organization, against this background, our company doubled down on its efforts to grow sustainable value for our customers, our employees and you, in the other sectors that we currently serve (Hospitality, Transport, Food and Logistics), and hence, most of our financial performance indicators improved.
From the proceeds of our business (Hospitality, Transportation, Food and Logistics) despite our operational bank accounts being frozen by Securities & Exchange Commission (SEC) on December 21, 2021 till date, we resumed payment to our partners on March 16, 2022; so far, out of 4966 partners, we have been able to pay 500 partners following an arithmetic order from our backlogs.
In a bid to show transparency in our dealings as always, full names of paid partners ought to have been published today but several calls/messages/emails from our distinguished partners have further restricted us from doing this.
Let me reassure you that your money is safe with us and we remain committed to repaying all partners soonest, update on partnership repayment will be provided always and your Managers will call to follow up; untill then, I would humbly request you to kindly bear with us.
With our operating performance growing strong, we will be providing timely updates in all areas as it affects your pending partnerships with us and other sectors that we have business presence in. We look forward to fully resolving this matter against the Securities & Exchange Commission (SEC), and we are determined to learn all that we can from this incident to be smarter, stronger and better as a company.
We might not be able to fully purge ourselves soonest from the negative effects that this crisis caused our businesses in the other sectors and our customers mindset, your loyalty is reflected in our Net Promoter Score (NPS), which measures the likelihood of customers recommending Chinmark Group (Transportation, Food Services, Logistics Services & Hospitality) to others; this score has significantly and steadily improved over the years and we humbly ask that you keep patronizing our businesses to enable us pass through this phase successfully.
In a world that looks increasingly fragile and challenged to deal with existential threats to our health, environmental, social and economic future, we at Chinmark Group will keep living up to our purpose for 2022 and beyond; Chinmark Group solidity and value creation power remains strong and keeps growing.
For all the inconveniences and frustrations that the delay in the repayment of this capital has caused you, we are very sorry and we apologize for all. We understand that people’s dreams and a lot of plans has been on hold by this delay, please accept our sincere apology.
We have received lots of petitions from Government agencies by aggrieved partners, we truly understand how you feel; we humbly ask that you remain calm and exercise more patience while we sort out these repayments and pass through this crisis as these petitions are affecting timely execution of our business operations – which we depend on to make repayments.
On behalf of our leadership team and all Chinmark Group employees, we thank you for your trust and ongoing support. Thank you for trusting the Chinmark Brand. We do not take it for granted, and once again, we reassure you that your funds are safe.
Signed:
Dr. Marksman Chinedu Ijiomah.
Chairman Chinmark Group.
Few days after the man released the statement, one of the company’s ambassadors, Amanda Chisom came online to clear the air. She said as an investor, she was also pained that the company rejigged in her promise to pay them 19th of March. She advised those who cannot wait for the next eight months which the company later promised to pay them, to go to court.
Her post:
Official Statement in response to trending issues concerning Chinmark Group Limited
In the last couple of months, I have been a subject of social media trial based on the recent unfortunate developments with Chinmark Group Limited.
I carefully chose to wait until this time to state my position with respect to all that has happened and is still happening.
First of all, let me acknowledge my part in being one of those who brought Mr. Marksman Chinedu Ijiomah and his company to limelight, even before the company became registered as Chinmark Group Limited. For someone I have known from the days of his humble beginnings, I felt like I know him to an extent.
On the strength of this, I genuinely believed in the company’s ability to fulfil it’s obligation to investors because I was convinced that the company was being run by someone I thought I knew to an extent, and freely without any selfishness promoted and invested. I’m shocked and disappointed at the recent turn of events. I sincerely bear no grudge against some of the people who have made several posts, backlashing my person as a result of these developments. I apologize to everyone who may have felt misled to invest in the company as a result of the promotions made on my page and I wish to assure you that all I did was with good intentions and I would never conspired with anyone to defraud any of you.
There are a number of things that happened behind the scenes which I will not necessarily bring to the fore except when it becomes necessary. I did my best both professionally and as an individual, to ensure that what is happening now would never have happened, by providing the right advice to the company at all times when I had the opportunity.
In the build up to this time, on the 13th of January 2022, I was instructed by the company via an email, to refrain from saying anything about the company on my page and that closes all channels of communication. All effort to find out what was happening was completely blocked.
I received several warnings and threats from some individuals and investors who felt that my Facebook post on “due diligence” affected the fortunes of the company. The threats are so far reaching, that some of these persons have clearly threatened to assassinate me, should anything happen to the company.
I have informed the relevant authorities of the extent of my involvement with the company and pledged my co-operation in any investigation that may arise.
While I acknowledge my role in this and do so very regrettably, My focus has now shifted to a way out of this current state of affairs, and how to ensure that people who invested their hard-earned money, get back their money in the end.
Let me clarify that as against what has been peddled on social media in the last few weeks, I am not and have never been a founder of the company, and I have never shared profit with them. My engagements never went beyond being the company’s ambassador.
The Corporate Affairs Commission is a public registry. Anybody who feels otherwise is free to approach the commission in search of the truth. I am confident that I will be vindicated in the end.
Just like most of you, I waited for the 19th of March 2022 with faith and hope, believing that this whole episode will be settled once everyone receives their money as promised by the company. Unfortunately, we are still stuck in the same place as at today.
I am an also an investor with the company and feel the pain of the situation like everyone else. Those who are comfortable with the new appeal by the company to wait for another eight (8) months are free to do so, while those who can no longer wait are free to seek legal advice on the necessary legal steps to take to recover their money.
I humbly appeal for a galvanization of efforts to get the company to pay back investors their money. While I am already consulting with my lawyers on the right way to go, your suggestions are also most welcome as I will remain available to assist in any way possible to help everyone recover their money.
Let’s all remain optimistic that we shall emerge victorious in the end.
Thank you.
Signed:
Amanda Chisom
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