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Gbenga Eyiolawi

28.04.2022 Business Again, Titan Farms’ Gbenga Eyiolawi Defaults in Paying N500,000 to Investor

Published 28th Apr, 2022

By Daniel Ojukwu

Gbenga Eyiolawi, Chief Executive Officer of Titan Farms, an agricultural investment company, has reneged on the promise he made to refund Hilary Unachukwu, one of his investors.

Eyiolawi made the promise to Unachukwu in February, after failing to honour an earlier signed investment agreement that could have seen him pay a total of N625,000 in capital and Return on Investment (ROI), to the investor in July 2021.

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After defaulting on numerous occasions, the CEO eventually agreed to pay Unachukwu N500,000, the capital the investor had staked on one of Titan Farms’ investment plans.

Eyiolawi also extended the repayment assurance to FIJ during the period.

When the payment period Eyiolawi promised elapsed, FIJ reached out to him to confirm if he had made the payment.

The CEO would however deviate from his earlier promise and in response told FIJ that he would only be able to pay Unachukwu N200,000, a sum that translates to 40 per cent of his total investment.

READ ALSO: Endorsed by Jaiye Kuti, Nkechi Blessing, Titan Farms Defaults in Paying N500,000 to Investor

Unachukwu would also send FIJ screenshots of his conversations with the Titan Farms CEO, during which, on three occasions, Eyiolawi promised to pay but failed to do so.

Unachukwu's conversation with Eyiolawi
Unachukwu’s conversation with Eyiolawi
Unachukwu's conversation with Eyiolawi

“He is a liar, he is always lying. He doesn’t want to pay,” Unachukwu said in reference to Eyiolawi.

FIJ earlier reported how Eyiolawi stopped communicating with the investor, and failed to make payment on multiple occasions.

On Titan Farm’s Instagram page, it claims that its website has been hacked. When FIJ checked the website, it was unavailable.

When FIJ reached out to Eyiolawi on phone, he said the following:

“He (Unachukwu) refused our payment plan of twice [sic]. To me, he just didn’t seem like he wanted settlement, more like he just wants to keep dragging me [sic]. He wrote a petition to the police, so my lawyers are handling it.”

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Published 28th Apr, 2022

By Daniel Ojukwu

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