Complaint Review: AFRIJAPAN-AFRIASIA INTERNATIONAL
AFRIJAPAN-AFRIASIA INTERNATIONAL Ferdinand Bleka Kape Ives Rolande Great Organization but Very Bad People Ivory Coast
Our trader asked us to provide a 1B bank instrument for monetization to AFRIJAPAN - we researched and thought, "Big organization - does lot's of good work - like to help" so we agreed to split the monetization of 800M 50/50 with 50% to their charitable efforts.
We flinched a little when they asked us to allocate 25M to their president but we thought - OK it's good cause and Africa is just "that kind of place."
We transferred our MTN via MT542 into their account at ECOBANK and our banker verified the SWIFT.
A few days later they asked us to apply to another platform for a special trade deal and we got involved in this long arduous and frustrating process of submitting an entire KYC package over a weekend that ended the following week with speaking to a trader who didn't know anything about the offer we were given, wanted money upfront from us, and we declined.
At that point it would have been appropriate for us to simply withdraw but we gave AFRIJAPAN one more shot for the charitable folks we are, and they told us that the monetizer needed the instruments on Euroclear - now remember we were asked to send MT542 to their account? - now it needs to be on Euroclear so they need a Euroclear account - somehow they dont' have one so they inform us they will meet with Euroclear on Monday in Brussels and we think, "OK sounds like they're doing something." Monday comes and nobody shows in Brussels and the monetizer contacts us and is angry that we have not performed. This is when we discover they somehow had it in their mind to open an account without the help of their banker.
At this point we decided they didn't know enough about the transaction and we terminated the agreement and sent a C&D.
Bad choice all around but a formal C&D is the correct way to handle a 1B asset that's been sitting for several weeks? We think so.
So then the problems began.
This report was posted on Ripoff Report on 02/15/2017 05:15 PM and is a permanent record located here: http://www.ripoffreport.com/reports/afrijapan-afriasia-international/ivory-coast/afrijapan-afriasia-international-ferdinand-bleka-kape-ives-rolande-great-organization-but-1356342. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content
If you would like to see more Rip-off Reports on this company/individual, search here: