Amidst allegations of fraud, mismanagement, lawsuits and the ensuing settlements, Efritin Nigeria; an online classifieds company shuts down operations. In as much as its website is still up, staff leave the Ikeja Head Office with some auctioned office property and no jobs.
In the early hours of Tuesday, 10th January, 2016, it was reported here that an anonymous source confirmed the folding up of the company. It is worthy to note that in November, Techmoran’s Exclusive details the allegations levied against Zakaria Hersi, Somali national and former Managing Director.
Zakaria Hersi had been accused of theft, mismanagement, and doctoring invoices. Some anonymous senior management staff claimed that his(Zakari’s) mismanagement heralded the end for Efritin, as ten lawsuits in Nigeria with settlements reaching N20 million and the inability to raise further funding to scale left current CEO, Gbenro Dara, in a lurch.
With job losses even at the central level in Dubai, Efritin may well and truly be out.