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Read this extract from Cargo Defense Fund.... More Nigerians are falling victims of fraudulent practices of foreign buyers in the international charcoal business, the Cargo Defence Fund (CDF) has reported. Miss Azuka Ogo, the Secretary of the Fund, disclosed this in an interview with the News Agency of Nigeria (NAN) last week in Lagos. Ogo said that cases of fraudulent activities received by the CDF had risen from 27 to 32.  She alleged that outstanding claims owed Nigerian charcoal exporters amounted to more than N97.4 million, excluding interests and damages. Ogo cautioned Nigerian exporters not to accept hook, line and sinker information received from foreigners who tended to woo them at seminars on international trade.  She said that the major problem was that Nigerians usually exported their commodities on ``open account’’. ``Open account’’ means trading without a letter of credit which assures the seller of money available for payment by the b...

Securing export contract is the most predominant problem facing exporters of agricultural products in Nigeria. even those who managed to secure the contracts could not secure contracts with favorable terms.At TOSFAT Concepts, we have brought solution to the problem of contract sourcing. You no longer need to go through the endless hassles of contract sourcing. We source contract for various agricultural products and minerals with reasonable service charges. Our contract sourcing programmes are as follows:  1. Immediate Contract Sourcing : This service is available for those who need immediate export contract.We usually choose from already sourced contracts on ground for such exporters. In case, we do not have your requested contract on ground, we have to move you to SHORT TERM CONTRACT sourcing.( See No. 2) 2. Short Term Contract Sourcing : This service is available for exporters who needs contract within 1 - 3month. We usually source export contract for exporters withi...