When I heard the Chief Executive Officer (CEO) of one agricultural investment company in Nigeria popularly known as Titan Farms, Mr. Gbenga Eyiolawi said ‘until the last investor is paid, I won’t rest on my oars’, I was shocked to the marrow and started asking rhetorical questions if Nigeria still have people like this.
Yes, ‘if Nigeria still have people like this’ because I have read and heard so many Nigerians entrusting their funds in the hands of so-called investment companies and thereafter say that the owner of the company has carted their monies away.
Most recent was MBA Trading & Capital Investment Limited where the Chief Executive Officer, Maxwell Odum is no where to be found and as such declared wanted by the Economic and Financial Crimes Commission (EFCC).
Even though we know there is the other side of business such as life which is exactly what Titan Farms is facing at the moment, investors deserve to be CONSTANTLY communicated on how you would pay them back and that you are doing this with with a show of evidence because the obviously the economic situation in the country at the moment is nothing to write home about and no one can affords to lose his hard earned money.
There are questions I would like to ask these CEOs of these Investment companies if they are genuine- why would you run? Why would you stop communicating with your investors to inform them of the state of health of the business constantly? What stops you from checking on your investors from time to time assuring them of your unrelenting efforts to make sure they get paid eventually?
Honestly, I thought Gbenga Oyelawi’s case would be the same like other CEOs who would leave their investors in the lurch but he has been showing that he is a Yoruba man who believes the Yoruba cultural parlance that “Good name is better than gold and silver” by constantly updating his investors the health of the business and also making payments.
Recently, I obtained a document where his company-Titan Multi-business investment Limited paid N246,812,300 to 124 investors in two months.
In the document entitled “Investment Settlement from Whatsapp Group 2 Titan Farms settlement made in December”, The Firm paid N49,985,300 in December, 2021 and N196,827,000 in January, 2022.
I gathered that these Investors were paid cash and products which consist of rice, flour and/or land.
As at December, 2021, thirty-seven (37) investors were settled and that culminated to N49,985,300, while in January, 2022, it was discovered that eighty-seven investors were settled N196,827,000.
Based on the above, I would firstly want to shower encomiums on the investors because it is obvious that they have taken time out of their busy schedule to assess Titan Farms before investing unlike others who would just invest without a background check of the company they want to invest into. Kudos to you guys! You have done a great job in discovering this investment platform.
Consequently, I would love to admonish you all to support this young man- Gbenga Eyiolawi in this troubled time so that he can come out of the murky waters successfully since it has been established that he is not going to run and evidence has shown that he is paying.
While I pray the lord continue to sprinkle you waters of wisdom in this trying time, I enjoin you- Gbenga Eyiolawi to continue to uphold the Yoruba maxim that “Good name is better than Gold and Silver” and make sure that the you are only comfortable until the last investor is paid.
An investment commentator writes from Lagos
Sent from my iPhone
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