Posted by Amarachi on Mon 04th Nov, 2024 - tori.ng
In a post shared on his Instastories, Ubi mentioned that he invested more than N89 million into a property he wanted to use in running a business.
Ubi Franklin
Popular Nigerian music exec, Ubi Franklin has opened up on how he suffered setbacks in his business this year.
In a post shared on his Instastories, Ubi mentioned that he invested more than N89 million into a property he wanted to use in running a business. He said he leased the property from a man, only to find out that the man and his wife jointly owned the building.
Ubi said the woman kicked against his company occupying the building and insisted they vacate it. He said he had already invested N89 million and more into the building and was at a loss without knowing what to do.
He also mentioned that two investors who dropped N10 million each into the business insisted they must get their money back.
Ubi said he finally had to move out of the property into another one but was hit with another issue. He disclosed that after setting the place up, he got a call from his staff one day, informing him that the building they now occupy was being demolished on grounds of encroachment.
He said it's been ‘’one of those kind of years'' for him and that he still believes he will get back all he has lost.
He went on to say that in Nigeria people need to always pray against business mishaps which can come from ‘’the government or from bad staff.''
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