Zoto Officially Shut Down Operation in Nigeria â€“ Users Lost Money
Recall that back in July, we told about Zotoâ€™s muteness to its users as they stopped responding to issues. The last social media update was in June and subscribers are currently counting their losses.
Now, itâ€™s now glaring that Zoto has officially packed up operations in Nigeria. This might be as a result of the unfavourable economy status in the country.
All the companyâ€™s staff have been released and co-founder Oshone Emmanuel Ikazoboh has moved on to other things.
@oikazoboh , so I just figured out you are a co-founder of the startup @myzoto .
So what is really happening with them at the moment.
They just seem to disappear without a trace or prewarning.
An answer would be appreciated.
â€” Mmaduekwe Ugochukwu (@xor_el) August 14, 2018
According to what TechPoint reported, the plan is to restructure the company, perhaps towards a possible comeback in the future.
Though, a lot of its users rocked the app in 2016 with the freebies attached but now itâ€™s now a sorry stoey. Some of its users still have their funds trapped in the app but at this point, you just have to count your loses and move on.