By Alao Abiodun

Kazeem Akintunde, who runs a printing business within the premises of Obafemi Awolowo University (OAU) Ile-Ife, Osun state, has been charged to court for allegedly owing the sum of N1,150,000.

Akintunde was said to have allegedly defaulted in the payment of the sum to one Oluwafemi Segun, who invested with him last year December, The Nation learnt.

According to the court documents obtained by The Nation, Akintunde rolled out an investment scheme in 2020, promising investors a 15 per cent profit on their capital.

“On the 14 day of December, 2020, the plaintiff made a payment the sum #1,000,000:00 (One Million Naira) only, into the Guarantee Trust Bank Account 0037342947 bearing the name, AKINTUNDE KAZEEM,” having been provided by the Defendant.

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The Nation gathered that purpose of the said payment was to invest in the Defendant’s purported Registered Business, SIMPLYINVEST SYNTAX which the Defendant himself introduced and sold to the Plaintiff as “an investment Platform which pays 15% interest as return on investments after a period of 25 working days.”

However, the repayment had been due since January 18 and Akintunde is yet to perform his end of the agreement.

“The Plaintiff has written a Demand Letter to the Defendant, demanding the debt sum #1,150,000:00 (One Million, One Hundred and Fifty Thousand Naira). In spite of the Demand Letter dated the 12th day of February, 2021, the Defendant has willfully neglected to pay the debt sum to the Plaintiff and at a point time went incommunicado.”

Mr Segun’s lawyer, Dayo Oyewumi, prayed the court to order the defendant to pay the alleged debt and cost of litigation.

The case is coming up at the Magistrate court 2 sitting in Ile-Ife on March 17.

Akintunde who spoke with The Nation, confirmed the Plaintiff, Oluwafemi Segun as one of his investors. He also confirmed Segun invested 1m before the investment had issues.

He said, “The company I invested with had a problem. I partnered with the company. We are working on capital refund. I will surely pay his money but there is a delay at the moment because of what the company is experiencing”.