Konga founder shares story of how Konga was wrongfully shut down because of loans


Sim Shagaya, the founder and former CEO of one of the largest online stores in Nigeria , Konga, took to twitter to narrate an ordeal they had in 2014. According to him, their distribution center was forcefully shutdown by a team of policemen who said a bank had taken charge of their distribution center due to default in paying back the loan they took.

It was later discovered that it was the landlord of the property that took the loan. It took Konga and Sim hundreds of calls, lots of paper work, shuffling between the bank’s head quarters and the collections officer, a drama session and 4 days to resolve the issue.

Read the thread below