By Modupe Gbadeyanka
The management of Chinmark Group has allayed fears of its partners and investors, urging them to remain calm as their investments were safe.
In a message on Wednesday, the organisation said it was working to “comply with government regulations for quality control and assurance.”
The firm said since it commenced operations, it has not disappointed its clients and will not do so at this moment, noting that it was “taking all necessary measures to ensure the system starts working again and more effectively.”
According to the statement, Chinmark said its partnership arm would be off “for a short period of time which will not exceed 45-60 days.”
However, it stressed that all its offices remain open for business activities, urging its partners to “to kindly support the smooth running of all our businesses during this period to enable us to pass through this phase and remain as strong as ever.”
Recall that last month, the Securities and Exchange Commission (SEC) informed Nigerians that Chinmark, which is operating Finafrica Investment Limited, and Poyoyo Investment (Pilvest) Nigeria Limited, were running illegal investment schemes.
This caused panic among investors, necessitating the call for calm.
Below is the full statement from Chinmark;
We want to thank you for your support in the growth of the Chinmark Group.
Over the years, we have been able to set up businesses that have spread in Africa, Asia and other parts of the world successfully and create sustainable means of livelihood for over 4,000 individuals working with the Chinmark Group.
You will recall that since the commencement of the company, we have successfully built a track record of excellent and quality customer service delivery, we have never disappointed, and we promise not to disappoint you now.
However, the Chinmark Group wants to reassure all its clients that there is no cause for panic as the Partnership arm is taking all necessary measures to ensure the system starts working again and more effectively.
We wish to inform all our partners that we are working efficiently to comply with government regulations for quality control and assurance.
These processes are currently affecting the activities of the partnership arm of the company for a short period of time which will not exceed 45-60 days.
All our offices are open and activities are running. We implore you, our partners, to kindly support the smooth running of all our businesses during this period to enable us to pass through this phase and remain as strong as ever. Panic and unrest will affect the businesses that generate returns for the sustainability of the partnership arm.
For further enquiries, don’t hesitate to reach us via our official email address, [email protected]. A follow-up email will be sent periodically to our clients who are affected within the period of this process to update them on progress made.
Thank you for your patience and support as we are committed to serving you better.
