Efritin Classifieds platform may be 2017's first casualty as shut down reports surface

Pulse Tech checked the Efritin website (which is still active) and the Efritin Twitter handle (which was last active on Monday).

  • Published:
Efritin play

Efritin

(Google Play)
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UPDATE: Sources at the Efritin office have confirmed that company properties are currently being auctioned. On why Efritin had shut down operations, the source said Efritin had to shut down due to managerial and operational issues. Also, Efritin was spending more than its sister companies Bikroy (a classifieds platform in Bangladesh) and Ikman (a classifieds platform in Sri Lanka) were earning.

"So Efritin shut down because of operations and managerial issues. Bikroy and Ikman are self sufficient and Efritin spends more than they earn. The central team in Dubai has also been disbanded and have been distributed to the other sister offices," the source told Pulse Tech.

The Efritin website is still active and the company is yet to issue a statement concerning the shut down.

Reports are making the rounds that classifeds marketplace Efritin is shutting down operations and leaving the Nigerian marketplace.

The Facebook comment alleging that Efritin has shut down its operations in Nigeria. play

The Facebook comment alleging that Efritin has shut down its operations in Nigeria.

(Techpoint)

 

According to a Techpoint report, the information was first found when an unexpected comment was dropped on an outdated Techpoint article about the classifieds platform.

To further investigate, Pulse Tech checked the Efritin website (which is still active) and the Efritin Twitter handle (which was last active on Monday).

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However, Techpoint quotes an anonymous source who affirmed that operations did shut down officially at Efritin yesterday.

Ileya rams for sale on Efritin play

Ileya rams for sale on Efritin

(Efritin)

 

The classifieds marketplace platform has not released any official statement regarding these reports and efforts to reach management at Efritin has proven abortive.

This is a developing story and Pulse Tech will keep you updated as the situation unfolds.

UPDATE: A source at Efritin, who spoke to Pulse Tech under the condition of anonymity, has confirmed that the classifieds company has indeed shut down its operations in Nigeria. More details to follow soon.

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