Monday, November 4, 2024 - Music executive, Ubi Franklin, has chronicled two business mishaps he has suffered this year alone.
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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