JUMIA Foods In Trouble Over Alleged Fraudulent Conversion of N214m



The management of JUMIA foods is currently enmeshed in a scandal of fraudulent conversion of N214,695,445.49.

A logistics services providing company, Castle Logistics Services Limited, has petitioned the Assistant Inspector-General of Police, of Zone 2, Onikan, Lagos, over the allegation.

In the petition dated the 24th day of December, 2018, signed by one Mrs. Catherine Azubuike the petitioner, she alleged that they entered into a Service Level Agreement, sometime in August 2016, wherein they are to provide personnel services and equipment to Jumia Food for delivery of food supply requests made online by its customers, adding that it also involves the collection of monies and consequent remittance of same to Jumia.

The petitioner alleged further that on May 2018, the contract became determined by Castle for gross failure to adhere to the terms by Jumia. 

Jumia was said to have been able to pay for only August, 2016 to March, 2018, and fell short of the payment of N214,695,445.49, and upon a thorough investigation into the payment collection system, they found out that Jumia without Castle’s consent and permission gave to some of the Riders, Jumia food’s personal POS for collection of payments from customers, and effectively those payments were rendered directly into Jumia food designated accounts.

The Petitioner claimed that Jumia stole and converted the said sum for own use.

According to the petition, Castle demanded Jumia food to provide it with complete bank reports of the transactions on those POS machines, but Jumia refused.

Castle also alleged that further findings later showed diversion of fund, and that Jumia deceived them into remitting funds to its Zenith bank account with clear intention to permanently deprive them of its use. The petitioner stressed that the riders acted on the behest of the Managing Director of Jumia food, Mr. Guy Futi.

Calling on the Assistant Inspector General of Police to investigate the matter, it also accused JUMIA of non-remittance of VAT and WHT by Jumia to the Tax authorities.

Casefile.ng.com

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