Chief executive of PorkMoney and Porkoyum, Glory Osei, has denied allegations of running ponzi businesses and maltreating her employees.
Some former employees of the company had accused her and Muyiwa Folorunsho of fraud and maltreatment of employees.
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The pair are said to be owners of Divergent Enterprise, the mother company to Landlagos, Shapeyou, 234logistics, Casual Becky, Porkoyum, Porkmoney, True Rebel and Hyberfactory.
One of the accusers simply named Olaaaa on Twitter has been spearheading the campaign against the duo.
In an “unofficial press release” on Monday, Osei said PorkMoney was born out of the need to provide pig farmers with capital.
“We have also gone beyond that to create our factory, the porkoyum factory, that helps into turning this livestock into recognisable consumables- Bacon and sausages. Now since we started PorkMoney and its subsidiary (Porkoyum) we decided to use our cashflow to invest in businesses that allowed for more liquidity in the short term. This was how Landlagos was born,” she said.
Osei described the allegations of fraud as ‘ludicrous’.
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“Everything we have done from when we started till now is to maximize the resources at our disposal, making sure to not take more than what we need to achieve what needs to be done. It is pretty jarring that anyone would say this given just how fragile our ecosystem is. We are on schedule to paying all of our partners, and in fact, off the potential of all our other ventures would not be needing any more outside capital to finance our growth effort,” she said.
On allegations of staff mistreatment, she said: “I have never mistreated any (member of) staff. We are a passionate business people, and all our efforts were always aimed at growing the people we have. Could we be gentler? Definitely! And if anything this whole fiasco is a teachable moment for my company. I wish we had handled the very necessary dismissals with a little more tact.”
