Saphire scents C.E.O, Wale Alade Jana who is known for his unbreakable loyalty for his pastor, Biodun Fatoyinbo, as well as his numerous rants of how he managed to build a multi billion Naira perfume empire from a meagre N20,000, appears to be in a messy debts with some of his investors
One of his investors identified as Miss Nikki on Instagram has cried out over a bad investment with Sapphire scents as she narrated her awful ordeal
According to her, Wale Jana has indeed run into debts and is not handling it well as he immediately moves to threaten his investors with court cases if they are not patient enough to give him time.
In a rather lengthy post, she revealed a friend told her about an investors program with Sapphire Scents which she eventually decided to try out. She invested a whooping N500k into the business and signed a Memorandum Of Understanding (MOU) with the hopes of profiting from it.
Shortly after investing however, her friend reached out to her advising her to pull out her funds. The friend revealed she had been unable to get her money back despite reaching out to him severally.
Alarmed by this, @missnekki began the process of getting her N500k back from Jana. Although she was made to way till her actual due date as agreed, she received no payment and was informed that the company would be needing more time to pay back investors.
This left her unsettled and she insisted on getting her money back. She eventually received payment from the company, but it wasn’t up to what she had invested. She received the sum of N200k. Angered by this, she called and demanded that her balance be sent to her.
Following several back and forth, she decided to call him out on his social media page, tagging him a fraudster.
Jana in response, threatened to sue her for trying to embarrass him over a mere N362k.
As at the time of this report, Wale Jana has neither come out to address the issue.
Barely twentyfour hours after trhe story went viral as many came after the entrepreneur, Wale Jana reacts with an official post, revealing that indeed, the company is indebted to many, and is currently seeking a whopping N360m loan with a tenure of 3 to 5 years to make full repayment
See screenshot of the full gist below:
