Businessman tackles yogurt firm over N11.9m debt – Punch Newspapers

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Samson Folarin

A businessman, Lawal Taofeek, has lamented the loss of his life savings to a deal with Ranona Foods Limited, a subsidiary of a multinational company, Olam Group International.

Taofeek, who owns Keji Enterprises Limited which is managed by his wife, alleged that Ranona, producers of Fresh Yo Yogurt, had failed to repay him a debt of N11.9m.

PUNCH Metro learnt that the Ibadan, Oyo State indigene, had registered to be a distributor for the company sometime in 2013.

He was said to have been introduced to a sales representative of the company, Oyebode Adewale.

Adewale, however, was reported to have been supplying less of the products paid for by Taofeek’s firm on the pretext that the company had production problems.

He allegedly promised to supply the shortfalls as soon as the goods were ready, as Keji Enterprises reportedly continued paying into the company’s…



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