The Management of ATIVO Limited, the owners of Quikraiz, a donation-based crowdfunding platform has described as false and unfounded allegation that the company belongs to the Labour Party Presidential candidate, Peter Obi. The company, in a statement to newsmen on Monday, also said Obi is not using the company’s account to divert donation to his campaign for personal use. It stated that Peter Obi is not a shareholder either in person or by proxy and neither is he a director of Ativo Limited. It explained that 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. According to the company, 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 pre-agreed timeline and into the agreed account after the necessary KYC (Know Your Customer) due diligence...
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