Viyola Foods Nigeria, owned by Olayinka Ayowole, has made part repayment to Toba and Seye, two of the company’s investors who were denied the agreed returns for two years.

On Thursday, FIJ had reported how the two brothers invested the sum of N6.2million in the company’s cassava production and truck acquisition businesses following promises of huge returns.

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However, the company failed to meet the conditions stated in the partnership deed and other relevant documents. It paid N300,000 to Toba out of the expected N4million while Seye got N1.2million on his initial N1.6million investment in cassava production and nothing on his N1, 800, 000 investment in truck acquisition.

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However, after FIJ’s report, Viyola made additional payments to the two investors.

“We have been on an extensive conversation with Mr. Ayowole (Viyola’s CEO) and his team after yesterday’s publication and have come to a resolution,” Seye told FIJ. “We have also received confirmation of some payments and the submission of a bus collateral.”