Uganda is quite a lawless country. Whenever you are planning to make any investment, the most important question to ask is not whether it is legal but how best can you get mitigation in case things get out of hand.

Many people are often blindfolded by the presentation of benefits forcing them into oblivious deception garnished with short-term benefits. Capital ventures keep mushrooming in Uganda. These include but are not limited to BLQ, Century Ranch, Gold Hela, and Capital Chicken among others.

Capital Chicken is no different from Vetaplan Chicken. The only difference is the minimum deposit required and the benefit maturity timeline. Vetaplan Chicken has a minimum deposit of 5,000,000. It is more like a prime option for capital chicken.

Is Vetaplan a Scam or Legit?

The short answer is; it is a roaming scam. They have not yet scammed people. So in the eyes of many who have invested with them so far, they are legit. But based on their business model, they are a roaming scam that can only continue in operation as long as it can still afford to make ends meet.

Their interest rates are too good to be true. If you invest with them for a year, you get 120% returns. Here is what I mean, if you invest with them 5 million Uganda shillings, at the end of the year, you will have 6 million Uganda shillings on top of your 5 million Uganda shillings.

On paper, this is a good investment but it is not sustainable. As the saying goes, high risks, high returns. Only invest with them what you are ready to lose. Do not invest your saving with them because anytime, they can run out of business.

If you have 5 million Uganda shillings that you do not mind losing. Then investing with Vetaplan is a good idea. It will give you a good return. But if you have your tuition money and someone is fooling you that in 3 months you will have 1.5 million shillings in interest, do not attempt the investment because it can collapse any day.

But they have insurance!

Insurance is simply their selling point. Anyone that has dealt with Ugandan insurance companies (not life insurance companies); can testify that it is always a hustle to receive your compensation. Whether their product is insured or not, it does not work in your favor.

Is Vetaplan Chicken a Fully Registered Company in Uganda?

Anyone can register a company in Uganda. Even BLQ was registered! The right question to ask is; which licensing body are they accountable to? On paper, they appear to be operating an agricultural business but in actual sense, they are into something similar to money markets, and believe me, they are not licensed by any Ugandan authority to do that.

Parting Remarks

Vetaplan is a roaming scam that will close anytime in the near future. Similar to capital chicken, they do something known as Digital farming/Investment that does not have any legal framework in Uganda. In case a day comes and they do not pay you back, the legal framework is not well suited to protect you.



4 thoughts on “Vetaplan Chicken Scam Or Legit?”
  1. I don’t see any similarities with BLQ.What was BLQ selling? In Betting one of the two parties losses.In BLQ non lost. Which was a scam targeting unlearned people. Veta plan is selling a product and all you trade Is time on your cash as a subscriber. Money lenders are making 20% interest rates. 10% is too little. If Veta plan was lending out its customer’s money they’d make 7% profit from each at least. They wouldn’t close since they buy time. Time is their Ally.

    1. Hey Raymond, thank you for your response. When you talk of 20% interest, you are talking of none tax complying individuals, which means you are talking about illegal businesses. If Vetaplan is into money lending, that is a different story all together. But they claim they are doing poultry which cannot earn you the interests they claim.

      The better theory could be; they hide under farming business which is tax exempted while investing in other businesses which give them the money they pay to their clients. They could be using poultry as a cover to evade taxes. This is also fraud!

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