FREQUENTLY ASKED QUESTIONS
(FAQ)
We know that smart investors ask hard questions. Good. That is exactly the kind of investor Agrinova was built for. Not the ones who sign without reading. Not the ones who invest on vibes and hope for the best. The ones who want to understand exactly what they are buying, how it works, and what happens to their money. Those are our people. So here are the answers to the questions we hear most — clear, direct, and without the fine print.
NOVA PALM CITY FAQ
Smart investors ask the right questions. We believe every question deserves a clear answer.
Here’s everything you need to know.
You are buying a specific portion of farmland (Farm Unit) at Nova Palm City, along with the right to earn from the produce (oil palm harvest) from that land. This means you own a real, identifiable asset that is managed professionally on your behalf.
The estate is strategically situated in Imala – Anigbado, Abeokuta North LGA Ogun State, a region with strong agricultural potential and accessibility.
The Developer of Nova Palm City is AgriNova Ltd.
Your investment is backed by a Freehold title, supported by a registered survey—providing strong ownership security.
Returns are derived from the sale of Fresh Fruit Bunches (FFB) harvested from your oil palm trees and sold at prevailing market prices, linking your income directly to real agricultural output.
Fresh Fruit Bunches (FFB) are the clusters of fruits harvested from mature oil palm trees. They are the primary raw material used to produce palm oil and other palm-based products consumed worldwide.
While AgriNova applies professional farm management and proven systems to optimize performance, returns are influenced by yield and market prices.
Because FFB is where the value begins. It drives the entire palm oil value chain and benefits from strong local and global demand. By investing in Nova Palm City, you’re not just owning land—you are participating in a productive agricultural asset that can generate value through real harvests for decades. Land appreciates. FFB produces. Nova Palm City gives you both.
Your investment start yielding from the 3rd year when early fruiting of the nursery commence.
You have the option to appoint AgriNova (or its designated managers) under a Farm Management Agreement, ensuring:
– Professional maintenance
– Structured harvesting
– Coordinated sales process (Management fees apply)
You can either:
– Sell directly to buyers, or
– Authorize AgriNova to handle sales on your behalf at prevailing market rates
Yes. Site visits and organized estate tours are available, subject to operational and safety guidelines.
Like all agricultural ventures, performance may be influenced by: – Yield variability -Weather conditions -Pests and diseases -Market price fluctuations Agrinova actively implements risk management strategies to mitigate these factors.
No. Your ownership is limited strictly to your Farm Unit or produce-linked rights.There are no equity, dividend, or governance rights.
All payments must be made only to AgriNova designated bank account to ensure full protection and proper documentation.
No. Payments made to agents, individuals, or unauthorized accounts are invalid and will not be recognized.
Each unit is approximately 3,000 sqm (1 acre), accommodating an estimated 60 oil palm trees, subject to Agronomic spacing and farm layout.
Yes. Transfers and resale are permitted, subject to standard documentation, compliance checks, and administrative procedures.
No. This is a direct asset-backed acquisition, not a collective investment or profit-sharing arrangement.
You will be issued:
– Sales Invoice
– Payment Receipt
– Contract of Sale
– Deed of Assignment (Upon Allocation)
– Survey Plan
At AgriNova, once you subscribed your plantation already commences through the nursery phase. Physical Allocation is seasonal as it done during the planting seasons.
– 1st Year: Raising the Nursery
– 2nd Year: Transplanting to Permanent Site
– 3rd Year: Early Fruiting & Harvesting commence
– 4th Year: Early stage harvesting
– 5th Year: Matured oil palm plantation
You will receive:
– Quarterly and annual reports
– Periodic updates via the AgriNova Stakeholders’ Community
AgriNova uses F1 Tenera seedlings—known for:
– Higher yield capacity
– Superior oil content
– Strong disease resistance
Fruiting commence from 3rd year, harvesting and processing 4th year (Commercial value starts 5th year)
For accuracy and protection, rely strictly on AgriNova approved written documents. Unauthorized representations are not binding on the company.
A 5% monthly interest applies to outstanding balances beyond the agreed payment period.
Non-payment for three consecutive months may lead to subscription cancellation.
Within 3 months (before cultivation): Refund less 40% administrative fee After cultivation begins: No direct refund; resale option applies (less 40% fee) Note: Cultivation begins at pre-nursery stage
Yes. Notify Agrinova at least 1 month before expiry. Each 3-month extension attracts 10% interest on total subscription value.
AgriNova Ltd serves as both the developer and estate manager, ensuring a well-structured and professionally coordinated environment. Responsibilities include:
– Master layout planning and estate design
– Infrastructure development and coordination
– Day-to-day estate management and operations This ensures your investment is maintained within a structured, organized, and professionally managed ecosystem.
Yes, but this attracts a 10% administrative charge on the original subscription value.
AgriNova adopts a well-planned estate structure to ensure efficient farming operations, optimal yield, and long-term sustainability across Nova Palm City. A general estate layout is provided to guide planting, access, and overall operations. The following principles apply:
– The land is designated specifically for oil palm cultivation, with a long-term horizon of up to 30 years, in line with agricultural best practices and applicable regulations.
– The estate layout serves as a strategic guide, and may be refined or adjusted where necessary to enhance operational efficiency and farm productivity.
– To preserve the integrity and value of the estate, subscribers are required to maintain the agricultural purpose of the land. Any alternative use or repurposing will require prior written approval from AgriNova and relevant regulatory authorities.
Why these matters:
This structured approach ensures that every Farm Unit operates within a coordinated, professionally managed ecosystem—protecting your investment and maximizing long-term output.
Yes. To maintain operational efficiency and regulatory compliance, AgriNova may update certain terms where necessary. This may be influenced by:
– Regulatory or policy requirements
– Operational improvements or adjustments All subscribers will be formally notified in advance, ensuring transparency and alignment at every stage.
AgriNova engages a team of experienced professionals to ensure optimal farm performance from cultivation to harvest:- Agronomists – Manage soil preparation, planting, and crop health
– Equipment Operators – Handle mechanized planting, harvesting, and processing
– Skilled Field Workers – Execute daily farming operations
– Farm Supervisors – Oversee compliance and on-site performance
– Industry Experts & Regulatory Specialists – Provide guidance aligned with best practices and standards. This multi-layered approach ensures your farm is managed with expertise, precision, and accountability.
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