December 7, 2022

Peter Obi Is Not A Shareholder In Our Company Neither Is He Our Director Says Ativo Limited

2 min read

The management of ATIVO Limited (the owners of Quickraiz, a donation-based crowdfunding platform) has debunked the rumour that the Presidential Candidate of the Labour Party, Mr. Peter Obi is the alleged owner of ATIVO Limited and that he is using the company’s account to divert donation to his campaign for his personal use.

According to a press release on Sunday, 9th October 2022 by ATIVO Limited, it says that the company is a fully owned subsidiary of Electronic Payplus Limited that started operation in Nigeria in July 2018 after its incorporation as a corporate entity.

The statement reads, “For the benefit of the general public, ATIVO Limited is a fully owned subsidiary of Electronic Payplus Limited that started operation in Nigeria in July 2018 after its incorporation as a corporate entity.

“Between July 2018 and now, over 5,000 campaigns have been launched on the Quickraiz platform, including personal, charity, and other political campaigns and there are currently about 500 campaigns ongoing on the platform.

“Like all other crowdfunding platforms worldwide, the operating model is that all donations go into the company (ATIVO Limited) account and the donations are subsequently released to the campaign owners at the pre-agreed timeline and into the agreed account after the necessary KYC (Know Your Customer) due diligence has been done on the campaign owners.

“The OBIDATTI campaign organization, like any other campaign organization, has set up a fundraising campaign on the Quickraiz platform, and the money raised would be transferred to the campaign organization as agreed and set up on the platform.

“The Quickraiz platform operates within the realm of local regulation and international best practices.

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