Akin Olaoye Profile picture
Diversity of Thought | Founder | Project Leader | Management Consultant
Oct 28 4 tweets 6 min read
Ile-Iyan Rebuttal: As one who has built a household nationwide brand with 100% personal funds and zero investors, or silent money, this is a situation many of us pray not to encounter, so I will address it understanding how both sides feel.
I have been approached numerous times to bring in partners with offers over a Billion and my response has always been "No thanks". I don't like the concept of silent partners with ability to put up a lot of money in exchange for a smaller equity.

Sheriff founder of @ileiyan_ng may have his shortcomings and the lengthy narration by @Wizarab10 laced with accusations is often an easy characterization brought up when hostile takeovers are initiated. A 30% stake in a business means the new partner sees a pathway to profitability and this was the case with Ile-Iyan.
When founders accept investments to scale brick and mortar operations to multi-city or regional expansion, the rules of engagement are different.

Transitioning from a sole proprietor background, which Sheriff the founder of Ile-Iyan was into a partnership structure, is a process that requires re-orientation, a mature team, systems and processes to minimize risks, ensure compliance and avoid the trappings of financial misteps.
If PODS claims to have the organizational maturity, human assets and an efficient operational team, it means they had all the opportunities to limit exposure given the revelations being made. Instead it my “assumption” they allowed for due process to be sidestepped to create a pathway for what’s occurring currently.

I will only limit my opinions or comments on this matter to the fact, that it is a hostile takeover in progress, as referenced in their own summary.
The request for to a court to wind down a young man's dream is the business outcome many who haven't birthed businesses from passion or dedication to a craft can never understand.
The concept of "Ile-Iyan" as a curated pounded yam diner belongs to Sheriff! People are free to launch any businesses, but shamelessly masking the set up of another brand with the same identity is callous!
This vulturistic approach to business dealings is one I personally detest. You don't re-use the name of an existing brand by another founder you are in disputes with, before resolving a legal suit in a court of law.

It's opportunistic and definitely a lazy approach to building any brand worthy of positive “brand equity” for the long term.

Musty and Sheriff could have built a very successful local brand, however a short lived partnership of 4 months with one party starting another brand with the same name only indicates this was never meant to be a long term.
I hoped we will not get to the point of publishing personal information on this app, but the accusations of gross financial misappropriations, promotion of illegal substances, nepotism and the so called “Japa” tale needs to be debunked.Image “Japa tale” - Sheriff and his wife an accomplished Pharmacist began processing a Canadian residency in 2022, before Ile-Iyan was even founded. At the time the business was called Sannikayz. He obtained an approval for Canadian residency was approved in December 2023, meanwhile investment conversations commenced in November 2023 between Musty and Sheriff.
There were conversations between Sheriff and Musty updating him on the relocation plans with an opportunity to launch Ile-Iyan in Canada. Sheriff’s absence may have created a few gaps but he was hands on fully and did everything within his capacity to ensure there was business continuity.
See cordial conversations between Musty and Sheriff on his relocation and efforts with a location in Canada.Image
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Jul 17 9 tweets 3 min read
A thread: @PIDOMNIGERIA False Gold Story! While his majesty the Ooni seats in his Palace attending to subjects & fulfilling his duty as Custodian of the Yoruba race, it’s sad to see unprovoked propaganda being peddled to ridicule the throne. No one fights for the Ooni Orisha, but I will like to debunk these lies. The breaking story about illegal gold trading, backed by a romance scam in a story by @PIDOMNIGERIA is quite unfortunate. While I may have been a fan of this account for taking on few stories that I thought were revealing, this is unfortunately and a hatchet job & that needs to be debunked.
Jun 27 12 tweets 9 min read
A thread: Biggest winners from the #CHIVIDO2024 festivities - A N2 Billion Naira wedding!

1. @GACMotorNgr - My brother @davido gifted his bride Chioma, this new GAC GN8 Luxury Mini-Van.
💰: N106,000,000.00
Wives, the new love language is the GN8!

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2. Sharon Adeleke+ Jennifer Rowland/Harbour Point Event Center/Zapphaire Events planners.
💰- Estimated at N300million
Featuring A Registration Point, Hall A for the trad event & Hall B for the reception After Party. Let me say it was tastefully curated by Sharon Adeleke & Jennifer Rowland (Chioma’s Sister)Image
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May 20 8 tweets 3 min read
A Thread: Let’s celebrate 9 Years of @OfficialAPCNg 🥳🥳🥳🥳🥳🥳

Salary in 2015 - N100,000 ($512)
Salary in 2024 - N100,000 ($64.5)
👇🏿

2015 Vs. 2024
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9 years of @OfficialAPCNg
👇🏿

2015. Vs. 2024
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Jun 20, 2023 19 tweets 4 min read
While many stuck to primordial instincts and politics of party affiliation, some of us chose competency and cutting cost of governance as the top election issues in 2023.
Supporting, campaigning and working as surrogates for @PeterObi was no ordinary civic duty for me. As far back as February 2022 after a meeting while seated with PO at my older egbon @benmurraybruce 's residence, where we engaged in a mentally stimulating conversation for over 2 hours, I had my candidate identified. From banding with a group of 1st Generation Obidients of all… twitter.com/i/web/status/1…
Apr 6, 2023 6 tweets 3 min read
If there is anything I have learnt about establishment politicians in Nigeria, they are lazy and anaemic to change.

Many cannot articulate how the Obidient movement became a 3rd force overnight. They have no concept of how we organize, the DNA of the movement and how a self… twitter.com/i/web/status/1… There was never a "Become an Obidient convention or marketing campaign". How did millions of Nigerians across every tribe wake up and decide to forgo primordial instincts and abandon the old way of politics to disrupt the political status quo ? There is a singular theme among… twitter.com/i/web/status/1…
Aug 16, 2022 6 tweets 2 min read
Things they won't tell you to motivate the #Obidient movement.

Ruto's party - United Democratic Alliance was only formed in 2021 with 0/47 seating Governors, 15/349 Reps and 16/67 senate members mostly decampees. Ruto belongs to an ethnic minority in Kenya. His dubbing of this new movement "Hustler Nation" in his campaign to highlight the influence young voters will have on the country's future.

He was outspent by Odinga & Kenyatta who became bedfellows after years of being