Business

Agric firm pays N246m to 124 investors as proceeds

In fulfillment of its wealth creation business, the Titan Multi-business investment Limited popularly known as Titan Farms has disclosed the payment of N246,812,300 to 124 investors in two months.

The agric firm made this known in a release to New Telegraph in which it also stated that N49,985,300 and N196,827,000 was paid in December, 2021and in January, 2022 respectively to agric investors.

The release indicated that these investors were paid cash and products which consist of rice, flour and/or land.

It added that as at December 2021, 37 investors were settled and that culminated to N49,985,300, while in January, 2022, it was discovered that 87 investors were also settled to the tune of N196,827,000.

While confirming the settlement, the Chief Executive Officer, Titan Farms, Chief Gbenga Eyiolawi said, it is true that over N246 million had been paid out as investors’ settlement and assured that more investors would still be paid as the payment is ongoing.

Gbenga stated that he would not rest on his oars until the last investor is paid, saying that in the Yoruba parlance “Good name is better than gold and silver”.

He, therefore, apologised to every investor for the inconvenience caused by the current situation.

 

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