Thursday, November 22, 2012

Covenant Fadama Multipurpose Cooperative Society-Update


Covenant Multipurpose Cooperative Society Started well about six years ago and they have been paying their monthly bonuses to members ever since. But things took a dramatic turn with covenant fadama multipurpose cooperative society some time this year February 2012.

A lot of members have not been paid their bonuses for months now since February 2012. and Unfortunately, covenant fadama has not come out to say any thing about the issue on ground. At some point, they were claiming that all was well, but after several promises and fail, they eventually went on air to as the investors that the business was undergoing some transformational stages.

But up till now, nothing meaningful has been heard about covenant fadama and they have not really come out to tell us what to expect next.

The last time covenant fadama multipurpose cooperative society was on air, they made members understand that the runing of the business has been consulted to a private firm Nimret Global Resource. Although, Nimret Global Resource promised to start paying members immediately after the verification exercise, but till now, nothing has been heard about them.

But the latest news coming around is that Covenant fadama will pay its members between now and December 2012. I cannot guarantee the authenticity of this news, because on several occasions,   Fadam has promised its members only to fail in the long run.

What I can only say for now is that there is a committee on ground made up of members that are really doing all the fight on behalf of members. Lets keep praying for them. I know their effort is already bearing fruits.

One thing is certain, covenant Fadama Multipurpose Cooperative Society will definitely pay every member its money, whether they like it or not, they will be forced to pay.

Feel very free to drop your comments here, I am sure it will get to them, lets use this blog to fight Covenant Fadama Multipurpose Cooperative Society Nigeria!

Keep your hope alive!
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269 comments:

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stephen on March 29, 2013 at 5:33 AM said...

Keep praying and hoping for the best!

stephen on March 29, 2013 at 6:04 AM said...

Thank you Mr. Homti, I agree with you 100%

In line with that, a brand new facebook page has just been born for us. I did it to support this cause. Hope you will all invite other members to join and keep the struggle alive!

Here is the page address:

http://www.facebook.com/Covenantfadamanigeria

Keep the hope alive!

stephen on March 29, 2013 at 6:16 AM said...

In response to your yearning, and to ensure that everyone is carried along in this covenant fadama struggle. I have created a brand new facebook page for us.

Feel free to invite other members and join in the struggle.

This is my own contribution towards ensuring that justice prevails! We will explore every available means to expose the dark secrets of covenant fadama management. How they have enriched themselves with peoples hard earned money and leaving all their members to languish in abject poverty. A lot have died and many more are just surviving by the grace of the Almighty, yet, it didn't occur to Bishop Katung as a man of God to salvage the ugly situation. My opinion of covenant fadama is that is should not fail because God's people are involved. Unfortunately, the reverse is the case. What kind of Bible are we studying these days?

Don't forget, the people's voice is the voice of God!

Join our new facebook page here:

http://www.facebook.com/Covenantfadamanigeria

See you all at the top.

Anonymous said...

GOD PLEASE SHOW YOURSELF IN THIS SITUATION

Anonymous said...

only GOD can help us

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Anonymous said...

I am Abdulkareem from lagos. I just want to express my disappointment in all of you. After too much noise about covfadama, no body has called to tell me his readiness with respect to our proposed peaceful protest in abuja. 15 APR is still the date. If u are ready to go with us, u either paste ur detail here or call mr kolade or myself. Pls we shd not give up. Let sarcrifice just little time out of our tight sechdules and do dis. Tanx

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MR. GODSON on April 8, 2013 at 2:02 AM said...

I discovered that many of us here lack manner, how can u be insulting any body like that, somebody here said that I am a devilson because of my contributions, I am still saying to u that dialogue by demostration may not help matters quickly but if u can meet them one on one it might solve it faster, personally I always meet them, I knw hw far I and our Branch have done with them, I think we are happy for now, I promised to be updating us but I have seen that I am a 'Devil' according to u. I am sorry any how my contributions here has hurt u. God be with u all. Shalom

MR. GODSON on April 8, 2013 at 2:05 AM said...

I discovered that many of us here lack manner, how can u be insulting any body like that, somebody here said that I am a devilson because of my contributions, I am still saying to u that dialogue by demostration may not help matters quickly but if u can meet them one on one it might solve it faster, personally I always meet them, I knw hw far I and our Branch have done with them, I think we are happy for now, I promised to be updating us but I have seen that I am a 'Devil' according to u. I am sorry any how my contributions here has hurt u. God be with u all. Shalom

stephen on April 10, 2013 at 10:07 AM said...

How far Kabala, are people responding?

This is just an appeal to everyone who resides in Abuja to try everything they can to join in this struggle. Remember, you are not doing it for yourself, but for all of us.

stephen on April 10, 2013 at 10:08 AM said...

How far Kabala, are people responding?

This is just an appeal to everyone who resides in Abuja to try everything they can to join in this struggle. Remember, you are not doing it for yourself, but for all of us.

stephen on April 10, 2013 at 2:41 PM said...

I wish to state here that as much as we are in a struggle to retrieve our money from covenant fadama, please, lets be more matured in our comments as much as possible.

What is the update from you guys in Abuja?

Anonymous said...

If you guys didn't do something about our money the rot of God will bestowed on you. The so called Bishop or pastors i do not care, write now we are making arrangement to take you to median station/court do something fast before it is too late.

Anonymous said...

Abdulkareem lagos branch .I am short of words. Pple make too much noise without action. I cant be part of this voiceless organisation. Let everybody continue to do his\her struggle at best to retrieve the money he or she invested.

stephen on April 12, 2013 at 8:34 PM said...

Abdul, please do not give up easily, remember we are fighting for a good course. Not for ourselves, but for people who are languishing in pain and lack.

Never ever conceive defeat. We shall keep matching on until our entitlement are paid to us.

The lord is your strength!

stephen on April 12, 2013 at 8:43 PM said...

I learnt that Dayo, Simeon and others absconded with our money to set up their private businesses.

Those in Lagos should check out Dayo's office in Ikeja.

I wonder how Bishop Katung and his boys will survive the looming punishment that is coming upon them for stealing people's money. How can you be so heartless to be living on peoples sweat while the rightly owners are are suffering.

The God of Justice will judge you all to your 3rd generation!

You must all cough out our money whether you like it or not, God will certainly judge you!

Lets keep praying for those who are suffering, may the good lord give you the strength to hold on till the end. For those who have died, may their soul rest in peace.

stephen on April 14, 2013 at 2:25 PM said...

I want to seize this medium to encourage all members not to give up hope. It is your sweat and by the power of the Almighty, we shall all get back our money.

The God of justice is fighting for us. Right now, I can assure you all that all those concerned with the mismanagement of our money are under fire. They have no peace and sooner than later, the God of justice will expose them!

Keep praying, for now it is the only weapon we have and from records, I have never heard or seen where it failed. Lets all be united in prayers, those who can fast should do that, and let the chain continue like that.

Take your time to read: Luke 18: 1-8.

Our God is fighting for us! Be encouraged in the Lord!

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Anonymous said...

I want to tell you that few members here in jos has gather their receipts & along with 1passport to about 300members and have hired Lawyers to carry case to the court of law.on Friday in Daily trust Newspaper (SEC)Security and Exchange Commission Announced to member of the PUBLIC sumit their receipt of payment that Access Investment one of theFund manager in plateua state to SEC Headqaurter Abuja for payment,remember these people has been in court long time ago and is paying for them now,why can we follow the part.read Daily trust newpaper of thursday-Friday this week.their let pray that the hired in case would stand tall thank you.

Anonymous said...

I want to tell you that few members here in jos has gather their receipts & along with 1passport to about 300 members, and have hired Lawyers to carry our case to the court of law.on Friday in Daily trust Newspaper (SEC)Security and Exchange Commission Announced to the member of the PUBLIC to sumit their receipt of payment relat to Access Investment one of theFund manager here in jos plateau state, to SEC Headqaurter Abuja for payment,remember these people has been in court long time ago and is paying for them now,why can we follow the part.read Daily trust newpaper of thursday-Friday this week.their member let pray that the hired lawyers in this case would stand tall in jesus name Amen, thank you.

Anonymous said...

Gud news! I was told members shall be communicated in some two weeks time on the final solution to the problem.

Anonymous said...

Hmmm, I hope u will like the solution. Because to me, I don't think I do. So do not be anxious for nothing.

Bex Don on May 2, 2013 at 3:26 AM said...

Hello steve

please where are we now?Any good news?.

Best

bobo said...

God will definately punish those that secretly go to fadama to collect their money without informing the general public

Anonymous said...

May God hear our prayers.

Anonymous said...

Do u have any prove, that some people were paid secretly ?

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Anonymous said...

Goodnew to all member fadama.The concerned member from jos branch has team up and hired team of lawyers and filled case against the management of fadama in which the Bishop has agreed to commence payment next month let keep prayer.

Bex Don on May 7, 2013 at 4:29 AM said...

What is happening oo?

Anonymous said...

If only those in Lagos can also team up for law suit against this foolish fraudster called bishop jonas to put more heat on the subject matter.

ben ruth on May 8, 2013 at 7:19 PM said...


Hello dear, I am Kim Beans. Sometime ago i was a need of a loan to transact a business i ran to my bank to take up a loan but they refuse to grant me because of my credit check,so a friend of mine introduce me to a legit lender that she got loan from sometimes ago at first i was scared but i decided to give them a trier to my greatest surprise my loan was approved an transfer to my bank account without any form of cosigner, collateral, debit check with 2 percent rate, so i will advise anyone at there that need a loan to contact them via this email, erivanloancompany@yahoo.com

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Hello dear, I am Kim Beans. Sometime ago i was a need of a loan to transact a business i ran to my bank to take up a loan but they refuse to grant me because of my credit check,so a friend of mine introduce me to a legit lender that she got loan from sometimes ago at first i was scared but i decided to give them a trier to my greatest surprise my loan was approved an transfer to my bank account without any form of cosigner, collateral, debit check with 2 percent rate, so i will advise anyone at there that need a loan to contact them via this email, erivanloancompany@yahoo.com

Anonymous said...

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Anonymous said...

Katung is one of the Anti-Christ be watchful please.

Anonymous said...

Bishop Katung during papa Adeboye visit to jos last time lie that he is not the owner covfadama.Shame unto you Devil.

olajide said...

I invested in Covenant Fadama

Name - Olajide

E-mail. - jide177@yahoo.com

07086350589

olajide said...

I will be glad if I can recoup my heavy investment in Covenant Fadama

Anonymous said...

Hello Steve, any positive information?

Anonymous said...

Below is the latest mail we got from our fund manager.

Dear Covenant Fadama Multipurpose Cooperative Society Members Staffs and Board of Directors,

Please accept our sincere apologies for the inconvenience you may have experienced in respect to WCF / TNFv1 investment unresolved problem.

It is with great concern and regret we received your complaints outlining the problem you had with our service.

At TNFv2, we take pride in ensuring our customer’s satisfaction. Unfortunately, we did not meet your expectations and we would like to personally apologize for your inconvenience. We accept full responsibility for the mistake and as a testament to our strive for perfection, we have taken steps to ensure that this will never happen again in the future by taking action on each problem that you have faced for so long.

Upon thorough review of the situation, we narrowed the cause to the root of the problem and it was a financial disaster and until now due to the problem we are facing in regards of Liberty Reserve being shutdown by the U.S government our LR fund have turned to dust without any hope that we will get back what have been lost.

Because of this serious oversight, we are going to provide you with what you deserve, each and every investors or members of Covenant Fadama that have or had a withdrawal problem will be solved through panel investigation despite of losing from Liberty Reserve we have learned our lesson and so we have decided to use an accredited VISA debit card from an affiliated Bank. We will be using the said VISA debit card for all transactions, incoming and outgoing. It is much safer for us and for the investors to use the visa debit card as they can easily deposit funds on their card and deposit on our platform, then withdraw from our platform to their debit card, vice versa. From now on every transactions will be through banks, much safer, more secured and most of all stable.

We request each members who had a problem with us to submit the following:

Name:
Postal Address:
Amount Invested:
email:
Phone #:
Atleast 2 valid ID's:
Proof of deposit (ask your cooperative if none give us more info):

The above requirements are required mandatory if one is missing we will skip to the next applicant. Please only submit the documents and required fee to Covenant Fadama Multipurpose Cooperative Society Assigned Staff / Director. They will be in contact with us.

We deeply value your relationship with WCF / TNF v1 and TNF v2 and we are committed to providing you with the highest level of service simply because our customers deserve the very best.

If you have any further questions or comments regarding this matter, please feel free to discuss it with us at resolution@transnationalfund.com or for latest news please follow us on twitter @tnfv2

Thank you for your invaluable support,
Anthon Prierre

Anonymous said...

Below is the latest mail we got from our fund manager.

Dear Covenant Fadama Multipurpose Cooperative Society Members Staffs and Board of Directors,

Please accept our sincere apologies for the inconvenience you may have experienced in respect to WCF / TNFv1 investment unresolved problem.

It is with great concern and regret we received your complaints outlining the problem you had with our service.

At TNFv2, we take pride in ensuring our customer’s satisfaction. Unfortunately, we did not meet your expectations and we would like to personally apologize for your inconvenience. We accept full responsibility for the mistake and as a testament to our strive for perfection, we have taken steps to ensure that this will never happen again in the future by taking action on each problem that you have faced for so long.

Upon thorough review of the situation, we narrowed the cause to the root of the problem and it was a financial disaster and until now due to the problem we are facing in regards of Liberty Reserve being shutdown by the U.S government our LR fund have turned to dust without any hope that we will get back what have been lost.

Because of this serious oversight, we are going to provide you with what you deserve, each and every investors or members of Covenant Fadama that have or had a withdrawal problem will be solved through panel investigation despite of losing from Liberty Reserve we have learned our lesson and so we have decided to use an accredited VISA debit card from an affiliated Bank. We will be using the said VISA debit card for all transactions, incoming and outgoing. It is much safer for us and for the investors to use the visa debit card as they can easily deposit funds on their card and deposit on our platform, then withdraw from our platform to their debit card, vice versa. From now on every transactions will be through banks, much safer, more secured and most of all stable.

We request each members who had a problem with us to submit the following:

Name:
Postal Address:
Amount Invested:
email:
Phone #:
Atleast 2 valid ID's:
Proof of deposit (ask your cooperative if none give us more info):

The above requirements are required mandatory if one is missing we will skip to the next applicant. Please only submit the documents and required fee to Covenant Fadama Multipurpose Cooperative Society Assigned Staff / Director. They will be in contact with us.

We deeply value your relationship with WCF / TNF v1 and TNF v2 and we are committed to providing you with the highest level of service simply because our customers deserve the very best.

If you have any further questions or comments regarding this matter, please feel free to discuss it with us at resolution@transnationalfund.com or for latest news please follow us on twitter @tnfv2

Thank you for your invaluable support,
Anthon Prierre

stephen on June 16, 2013 at 5:20 PM said...

This is a special announcement!

All those who invested with "BLUE GOLD" should endeavor to go to the Nigerian Police Headquarters with their receipts as from 17th June 2013.

Payment will commence then.

Please inform everyone you that that invested with Blue Gold.

Covenant Fadama and the rest are on the way, God is really working on them!

Thank you.

Anonymous said...

Stephen, which one is BLUE GOLD? Any news on fadama?

Anonymous said...

Nice work. Any more news am Godwin in Kaduna.

Anonymous said...

Nice work. Any more news am Godwin in Kaduna.

Anonymous said...

Nice work. Any more news am Godwin in Kaduna.

Anonymous said...

Y all this during our time?

Anonymous said...

I am runing out of patient, please i need ecouragement from good people of God.

Bex Don on July 17, 2013 at 5:22 AM said...

Oga Mi Steve

What is going on?,pls update us on the latest development.

God bless you.

Bex Don on July 17, 2013 at 5:24 AM said...

Hello Mr Steve,

Pls what is going?Could you update us on the latest development.God bless you.

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Anonymous said...

Once again this is Abdul from Lagos. I went to Jos upto Global view office (i.e covfadama head office in jos). I can tell you guys for sure that if we dont start doing something now, i am afraid this could be the end of it. There was a court order against covfadama and co-defendant with bishop jonas katung a copy of it is with me. The court order restrain him from using the office to run covfadama as the office is co-located in NIGCON insurance building having been invaded by different type of customers with various complains. The only thing is that the bishop is still alive. Guys, lets get him before this bishop die and WILL our money to his church or family. A stitch in time saves nine. Thanks

Anonymous said...

where is my money? i just retired frm d forces after serving my country only for my pension which was not enough to built a house i decided to invest so that it will yield dividend to enable me complete the project only for some ppl or men of god want to chop our money why? help us pkls.

Anonymous said...

It shall never be well with jona katung and his family for the pains he has caused us.

stephen on August 7, 2013 at 6:47 PM said...

The wicked will not go unpunished!!

Let us not relent in our prayers, God is doing it, I wish he could open our eyes to see the victory that lies ahead..

But with faith, we know for sure that God will keep to his word...

Jonas Katung and his Cohorts will be forced to pay us our money.. watch out!

Anonymous said...

can people be trust in this our lovely country again.GOD sholud pls help us.THE MONEY MUST COME OUT IJN

tany agyo on September 4, 2013 at 10:55 PM said...

Gudday sir, whats really happening now with the Cov fadama coop society?

tany agyo on September 4, 2013 at 10:57 PM said...

Gudday sir, whats really happening now with the Cov fadama coop society?

tany agyo on September 4, 2013 at 11:00 PM said...

Pls I just want to know what is going on with fadama Cov coop society?

pete said...

it seems there is no hope of our money, this is a big leason for every body

stephen on October 23, 2013 at 8:26 PM said...

I learnt Cash Flow is paying its investors, somebody please confirm this claim...

Usman Abdulkareem on November 12, 2013 at 1:49 AM said...

I urge all to re-initiate our commitments. Lets get a news papers publisher ( one of the dailies) to help us publish an open letter to Mr President or CBN Governors or EFFC or IGP or ICPC or any concerned official or personality. We must exhaust all available means, then I have a last option that would definitely work after all these means fail. I promise everyone that these people will cough out our money. Lets start this process. Pls if u know u are not a serious member, don't call my line pls. from Usman Lagos 080322221316

stephen on February 20, 2014 at 2:51 AM said...

Hey Abdul, how far has the struggle gone? Keep us posted please!

stephen on March 16, 2014 at 9:04 PM said...

I still wonder the kind of wife, children and relatives surrounding Jonas Katung, if not, how can you still call such a criminal your husband or father, or brother or sister or friend? when all he has done is to steal from people and yet feels too proud to tell the whole world what he has done. Shameless fool!!! I wonder what you preach to your congregation. I can imagine that all the thieves in Nigeria are the members of your cult. You must pay us back our money.

Anonymous said...

Am Momoh Aliu, Please can the CBN look into the Covenant Fadama issue and come up with something for the people on these matter. Because a lot of people have put much of their capital into this investment. Tanx

tany agyo on May 25, 2014 at 9:31 AM said...

I sympathize n mourn wit all d members of cmcs. I alwez asked God y did he allowed people to use his name in perpetrating evil without immediate consequence?But we shld remember d lord says vengeance is his. He knows y dis is happening to each an every one of us. His grace will console n strengthen every one of us. We shldnt relent in having faith in him dat he will supply our needs according to his reaches in glory. Wishing u all d best of d season.

tany agyo on May 25, 2014 at 9:40 AM said...

Vengeance is mine says d lord. The grace of God Is sufficient to see us through dis hard time. Let us not relent in praying n holding unto our faith dat God will provide our needs according to his riches in glory.

Anonymous said...

Simeon lukolm is dead. Have anyone heard the news?

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