Bisola Adetutu Adeniran, an Oyo resident, has yet to settle the outstanding balance of a N20 million loan after repaying N4 million, months after collecting the funds and pledging an ineligible property as collateral, despite FIJ’s first report on the matter on October 1.
In January, Adeniran secured a N20 million loan from Dore Gerrar Properties, owned by Oludare Adeboye. The agreement required her to repay the principal amount plus an additional N7 million within 10 months.
The repayment structure required Adeniran to pay a total of N27 million in instalments within the agreed period.
Before the loan was disbursed, Adeniran submitted property documents as collateral and swore an affidavit agreeing that the house would be sold if she failed to repay as agreed. Her husband, residing in the United Kingdom, was also involved in the agreement through a virtual call.
Adeniran made some initial repayments about 4 million, but later stopped entirely, leaving a substantial balance unpaid.
At Adeniran’s request, the loan tenure was extended from six months to 10 months in March. Despite this concession, Adeboye said she failed to resume repayment.
When Adeboye suggested selling the pledged property to recover the debt, Adeniran claimed the house belonged to her husband and could not be sold without his consent. That was a position that blocked the legal enforcement of the collateral agreement.
On December 15, via a phone call, Adeboye confirmed to FIJ that Adeniran has not made any significant repayment since the first report , and she has no iota of remorse about that.
“Since the first story was published about her, she has not made any significant payment, and she is not ready to,” Adeboye said.
“She does not even call me to communicate. I have been the one calling, and when I asked her why she has not been reaching out, she said there is no reason to call me since she has no money to give me.
“She does not seem remorseful at all. She told me she does not have the money and will pay whenever she can.
“Holding onto this amount is greatly affecting our operations. To pay staff, I’m forced to borrow, which adds to our financial strain. There are assets we are supposed to acquire, but we cannot do so due to the non-payment of the debt.”
When FIJ called Adeniran on Monday for her side of the story, she responded that she would pay whenever she secures a well-paid job.
“Right now, I cannot specify when I will repay the remaining money because I am seriously looking for a job. I can only pay once I get a well-paying [sic] job,” she told FIJ.
“My parents have a piece of land they are trying to sell so we can pay the debt, but they have not found a buyer yet.
“Even your first publication about me is false. Everything in it is completely false.
“However, the fact still remains that I cannot tell you exactly when I will pay the remaining debt, probably when I secure a well-paying [sic] job.”
MESSAGE FROM HER LAWYER
Shortly after the conversation, FIJ received a WhatssApp message from Adeniran’s lawyer Dotun Akinsanmi.
“From all indications, you are now the recovery agent for Mr. Dare, who you are acting as agent of debt recovery for, which empowered you to published a libelous article online,”Akinsanmi wrote. “Okay. We will seek for the interpretation of your publications and debt recovery plan [sic].”
This was not Akinsanmi’s first contact with FIJ. After FIJ published the first story on October 1, Akinsanmi asking FIJ to pull the story down within 24 hours or “face the full wrath of the law” — a move that further infuriated Adeboye.
“Wonders shall never cease,” Adeboye told FIJ. “Someome who was begging and literally crying when she needed the loan is now threatening us with a lawyer.”