Business
ILÉ IYÁN Nigeria Limited Issues Public Statement
ILÉ IYÁN Nigeria Limited Issues Public Statement: Warning Against Brand Impersonation and Clarifying Controversies
The attention of Ile Iyan Nigeria Limited (“Company” or “ILÉ IYÁN”) has been drawn to insinuations on social media that ILÉ IYÁN is now owned and controlled by some entities. The peddlers of this untrue information have also alleged that the Founder/MD/CEO of the Company has been sued for misappropriating the funds of the company and mismanaging the company.
We wish to inform our esteemed customers and the general public that such information is untrue and is being sponsored by mischief makers to obfuscate the real issues surrounding a failed attempt to hijack ILÉ IYÁN and its brand by some investors and minority shareholders of ILÉ IYÁN.
For the avoidance of doubt, seventy (70%) percent of shares in ILÉ IYÁN is owned by the founder/MD/CEO – Sanni Sheriff Kolawole aka Sannikayz. Sannikayz as Founder has invested over 15 years of service into the food catering business. He has successfully catered for numerous customers and driven the business from start-up level to the great height ILÉ IYÁN holds today.
The restaurant’s unique blend of tradition and innovation has captivated diners from around the world, earning it a place of distinction within the culinary landscape. As ILÉ IYÁN continues to thrive and evolve, the Founder remained steadfast in his dedication to upholding the brand’s core values and preserving its storied legacy.
In the face of adversity, the spirit of ILÉ IYÁN endured in its commitment to celebrating Nigerian culture and fostering a sense of community. The ILÉ IYÁN brand has gained over 5,000,000 engagements across all social mediaj platforms: Facebook, Twitter, and Instagram.
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Going by the success and uniqueness of thej Brand, an Investor approached the Founder in October 2023, to invest in the Company, upon completion of deliberations, the Founder and the Investor agreed that the Investor would invest some funds in the ILÉ IYÁN in exchange for thirty (30%) percent shares in ILÉ IYÁN. By virtue of the investment, the Investor became the holder of 30% shares in ILÉ IYÁN while the Founder held 70% shares in ILÉ IYÁN.
Worthy of note is that after the investment, the Founder and the Company ensured that the Investor was paid hugeprofit every quarter as return on investment.
Few months after the investment, the Founder travelled outside the country on a short trip to attend to some family obligations. As expected, the Founder handed over interim management of the Company to the Investor for ease of operations. However, upon the Founder’s return, the Founderdiscovered that the Investor has mismanaged the fortune of the Company by jerking up running cost unreasonably and distorting the founding values of the business.
This was to the extent that the Investor was rewarding its associates at the detriment of the business.In fact, a designee of the Investor was reported to have assaulted a female staff of ILÉ IYÁN and this resulted in a bad reputation for the Company. Having considered all these issues, the Company was compelled to ask the Investor and its management team to cease interim management of the Company, moreso, the Founder has returned to Nigeria from his trip abroad.
The decision of the Company to stop management by the Investor did not obviously go well with the Investor and its team. The Investor deployed several gimmicks such as refusing to sign a shareholders’ agreement, hijacking ILÉ IYÁN social media handles, locking up the Company’s outlet in Ikeja, evicting in-house staff at midnight, writing ILÉ IYÁN’s Bankers to freeze the Company’s account. In a show of desperation, the Investor also instituted a Winding-Up action with the intention of winding up the Company and destroying the heritage of the business.
While all these were ongoing, the Investor had secretly incorporated another Company with a very similar name to do the same business in the ILÉ IYÁN Ikeja outlet. The Investor started poaching ILÉ IYÁN’s staff, using the ILÉ IYÁN’s model, social media handles, furniture and business patterns to deceive members of the public and make them patronise the new company under the belief that they were patronising the real ILÉ IYÁN.
To further whip public sympathy, the Investor started propaganda on social media that the Founder mismanaged ILÉ IYÁN and abandoned ILÉ IYÁN after receiving investments from Investors.
The development has forced ILÉ IYÁN to commence legal actions against the Investor, its promoters and its new company. As a law-abiding institution, we are mindful of the fact that when the Court is seized of a matter and it behoves on the parties to allow the Court to decide the matter. This legal responsibility made ILÉ IYÁN Nigeria Limited to avoid social media reactions to the issues surrounding the forceful closure of its Ikeja outlet and the purported re-opening of another company in Ile Iyan’s Ikeja Outlet. We believe in the judicial system, and we are hopeful that justice will be served at the end of the day.
We assure our customers that we are diligently pursuing justice in Court and we will continue to pursue justice within the ambits of the law. We will keep our esteemed customers and the public abreast of developments in the ongoing litigations. In the meantime, we wish to advise our customers that at this moment, only ILÉ IYÁN Lekki outlet is open. ILÉ IYÁN Ikeja is closed and any person/entity representing itself as ILÉ IYÁN Ikeja is an impostor passing off on the original ILÉ IYÁN brand. We urge our customers and the general public to be cautious and mindful of the gimmicks of these impostors who use our model, waiter’s dress code, style, similar menu etc.
As a business, we remain committed to delivering excellent and memorable experiences to our esteemed customers even in these times. We are committed to quality and exemplary service, and we will not be deterred by the propaganda and gimmicks of those who seek to take over our labour of a decade and half.
We urge the public to continue to reach us via
[email protected]
[email protected]
[email protected]
08100244709.
www.ileiyan.ng
NNPCL and Corruption’s Final Throes
By Pius Olasanmi
In the twilight of the Obasanjo administration, when Nigerians were still capable of being outraged, when Turn Around Maintenance (TAM) of refineries was a buzzword that still held some mysticism to bamboozle citizens, during a conversation, a certain man said something profound. The man said, “As a businessman, if I were the owner of these refineries, knowing that they are three decades old, I would take the last money I have, hire bulldozers, raze them to the ground, and obtain loans to build new ones.”
When we pressed him further on why he would engage in such waste, he explained that repairing the refineries is the real waste. He explained that even if the TAM were honestly carried out, a thirty-year-old refinery would never compete favourably with a new one that would integrate contemporary technology. Operating at its best, such a refinery would never be comparatively more efficient. It is therefore pointless to have spent another one naira on the refineries at that point.
A few months later, I had a conversation with a then-lawmaker on an entirely different matter. I mentioned that the National Assembly has failed by not crafting legislation that would criminalise and punish public office holders who foist wrong decisions on the country. The logic: a public office holder need not steal to be punished, wrong decisions should attract penalties for an office holder who opts for the worst of all options when there are less injurious ones.
These established premises speak to the ongoing nauseating efforts at revisionism by those who wrecked the Nigerian National Petroleum Company Limited (NNPCL) and its previous iteration, the Nigerian National Petroleum Corporation (NNPC). Notably, this campaign to rewrite history is traceable to Engineer Mele Kolo Kyari, the disgraced immediate past Chief Executive Officer of NNPCL and his hirelings. They have suffocated the news and the public opinion space with even more lies than they spun while in office.
The Saint Kyari campaign is anchored on convincing Nigerians that the Port Harcourt, Warri and Kaduna Refineries were fully functional when he was booted out of office. So brazen is the campaign that one of its talking heads challenged the group chief executive officer (GCEO), Engr. Bayo Ojulari, to “inform Nigerians categorically what happened to the functioning refineries he inherited from his predecessor, Engr. Mele Kyari.” The effrontery.
We have not forgotten so soon the charade that followed the baffling claim that Nigeria has spent $2.8 billion on the repair of the refineries, while they are not churning out even a single litre of refined product among them. Saint Kyari and his goons played all manner of tricks, all of which embarrassed President Bola Tinubu, who had counted on ticking off the return to productivity of the refineries as part of his achievements, only to realise that he was deceived into celebrating phantoms. Tragic.
Lest we forget, 200 trucks were arranged as props in a well-directed video clip to celebrate the re-streaming of the Port Harcourt Refinery. The disappointment. Nigerians were to learn from several reports that the Port Harcourt refinery was not producing and was instead using old, stored petroleum products to load trucks. Worse still, the Kyari crew was passing off sanction-tainted Russian-sourced crude oil refined in Malta as locally refined products. More insult was piled on the assault on our collective sensibility with the lies that the Port Harcourt Refinery exported semi-finished products. Brazen.
Meanwhile, Kyari and his hirelings called those who pointed out or protested these glaring scams all manner of names. They hid behind industry technicalities and jargon to create the impression that those of us who knew Nigerians were being robbed did not understand what we were saying. The point remains that a $2.8 billion investment can potentially build a refinery with a capacity of around 100,000 barrels per day (bpd). Of course, the actual capacity of such a refinery will depend on various factors, including the complexity of the refinery, the technology used, and the location. That is the amount that Kyari’s regime at the NNPCL took and did not give Nigerians refined products.
Fast forward to Kyari’s sack and the appointment of Engineer Bayo Ojulari, who has demonstrated that things can indeed be done differently. Kyari’s exit was expectedly followed by the Economic and Financial Crimes Commission (EFCC) going after him and his associates. The extent of the theft is better understood against the backdrop of N80 billion being found in the bank account of one of his associates. They went on the run.
Perhaps because the EFCC was biding its time on securing international warrants for the arrests of these characters on the lam, they have become emboldened. They have decided to fight back and rewrite the story of their participation in the greatest fraud against Nigerians. Engineer Ojulari’s renewed mindset, which is entrenching a semblance of the transparency Nigerians demand, became their natural target. The demons that once roamed around the corporation came out with malevolence. They started spinning stories of corruption to tarnish the incumbent who refused to hide their crimes. The objective: bring Ojulari down. But alas, he is winning the war as it stands.
His innocence is proven, and it is glaring that those who want him out are mere charlatans who can no longer ply their corrupt wares because of the impact of the new reforms. Corruption in the NNPCL is in its final throes. The fake news being unleashed against the incumbent leadership is akin to corruption’s last kicks as reforms in the sector strangulate it and its practitioners. The reforms must take place in the NNPCL, whether the industry demons like it or not.
As a parting shot, Kyari and his associates would do well to prepare their defence. In addition to accounting for the $2.8 billion they laundered in the name of repairing the moribund refineries, they must also answer for the poor decision to fix that which is irretrievably broken. Awarding contracts for Turn Around Maintenance of 59-year-old refineries that a right-thinking person had suggested should be demolished almost twenty years ago, when they were only 30 years old, is criminal. Trying to deceive Nigerians that the fake repairs worked is treason.
Olasanmi is a public affairs analyst writing from Lagos.
GRANDIS 5STAR LUXURY APARTMENT & SUITES SET TO REDEFINE LIVING IN VICTORIA ISLAND
Set to Rise elegantly against the Lagos skyline, is the Grandis 5Star Luxury Apartment & Suites. According to Adejuwon Ademola, The General Manager of the Development company, it is more than just a residential building
“it’s a lifestyle statement. Standing 17 floors high in the heart of Victoria Island, this revolutionary masterpiece of modern architecture will offer a panoramic 360° view of Eko Atlantic, Victoria Island, and Ikoyi, transforming every apartment into an exclusive penthouse experience for the world’s most discerning elite.”
Developed by Dumarco Construction Limited, a globally acclaimed company with decades of delivering complex, high-value projects in the highly regulated petroleum, oil, and gas industries, Grandis 5Star brings unmatched international safety standards, uncompromising quality, and timeless elegance into Nigeria’s luxury property market.
> “When you live in Grandis, you’re not just buying a home—you’re investing in peace of mind, world-class safety, and an effortless luxury experience that will remain pristine for decades,” says Adejuwon A. Ademola, General Manager of Dumarco Construction Limited.
The Gold Standard in Safety and Quality
Dumarco’s roots in the oil and gas sector mean the company operates to some of the strictest safety protocols in the world. Every stage—from conceptualization, design, construction, to long-term maintenance—follows internationally accepted procedures and quality assurance measures. Cutting corners is simply not in Dumarco’s vocabulary.
> “In the oil and gas industry, there’s no room for compromise. We’ve brought that same discipline and zero-tolerance for mediocrity into property development,” says Ademola. “That’s why Grandis will be one of the safest and most enduring residential developments in Nigeria.”
To ensure transparency and prevent (project complacency), Dumarco deliberately separates the developer, contractor, and consultant roles, engaging only the most competent professionals in each respective field. Dumarco’s project team includes globally recognized contractors such as Julius Berger, Cappa & D’Alberto, and Elalan, Migliore Construczione & Tecniche (MC&T) and their partners VENCO IMTIAZ CONTRACTING COMPANY (VICC) based in Dubai, UAE, Business Contracting Limited, alongside leading consultants like Morgan Omanitan & Abe, LAMBERT, and James Cubitt.
Grandis – Investments, appreciation, returns and profitability
Our selection process for the location of the project alone was pains-taking and completely thorough scientific process. Top professional companies were employed to conduct a scientific data acquisition and analytical survey of the entire Victoria Island, Ikoyi, Lekki and Eko Atlantic before a project site is selected. Analyzing and acquiring areas developmental charts and trends, studying and gathering historical and present sale prices, rental charge and occupancy rates over a 50 year period from every individual street before the selection of the location of any of our developments especially true for the Grandis Project
He adds,
“Our clients and residents can be rest assured that the location of Grandis has been scientifically proven through all existing data to provide our clients with a 100% occupancy rate, highest developmental location, highest rental income and investment returns. ”
The Grandis Experience
Located minutes away from international corporate headquarters, embassies, and landmarks such as Eko Hotel, Radisson Blu, and the Radisson Red, Grandis offers unmatched convenience for professionals, diplomats, and high-net-worth individuals. Every residence is designed for both indulgence and efficiency, with high-grade finishes, smart-home systems, and private amenities that ensure seamless living.
From sunrise over the Atlantic to the glittering Lagos night skyline, residents will enjoy uninterrupted luxury, supported by discreet and highly trained staff, advanced security systems, and a design that prioritizes comfort and privacy.
> “We designed Grandis for people who want everything—security, elegance, convenience, and the assurance that their home will look as spectacular in 20 years as it does on day one,” Ademola notes.
A Legacy That Lasts
With its combination of visionary architecture, peerless safety, and meticulous maintenance planning, Grandis is built to remain iconic for generations. Thanks to Dumarco’s meticulous approach, the building’s service charges are expected to remain low while its value and appeal continue to appreciate over time.
In a market often marred by shortcuts and substandard practices, Mr Ademola says
Grandis stands as a beacon of what luxury living should be—safe, spectacular, and built to last.
“Grandis 5Star Luxury Apartment & Suites — Where safety meets sophistication, and every detail is designed for a life well-lived.”
He added
Website -www.dumarcoltd.com
Project website – www.26idowutaylor.com
Email [email protected]
Tel / WhatsApp +234 9077777883
GM – Adejuwon A. Ademola
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