Who’s after Oak Homes Chairman, Olukayode Olusanya?

Uneasy lies the head that wears the crown, and so goes the cliché. It is common all over the world that the more your success, the more the number of enemies you gather.

When the story of Olukayode Olusanya, Chairman and CEO of Oak Homes Limited, surfaced in the media about his alleged fraud scandal of N152 million with a client, the US-based Nigerian engineer Anthony Ehiedu Ugbebor, many who know him for being straightforward and honest argued that there must be a kind of mistake somewhere.

This is because, as a businessman, he has done his business with a human face. He has successfully engraved his name in the hearts of the general public and his name is undeniably synonymous with honesty, integrity and success.

The US-based engineer had dragged Olusanya and his company to the Federal High Court, Lagos, for alleged fraud. However, the man, who has been in the real estate business and had in the past showcased a high level of trustworthiness and uprightness in the business, has come out to explain that it is a mere case of ‘bullying’ and an attempt to tarnish his hard-earned reputation.

He disclosed further that Ugbebor was not consistent with the deal when the transaction commenced in 2017. Ugbebor, he said at the time, couldn’t proceed with the payment and this delayed Oak Homes from allocating the house to him.

Olusanya informed Society Watch further that after Ugbebor concluded his payment plans and the company was in the process of finalising the allocation, he (Ugbebor) changed his words, and told him (Olusanya) that he was no longer interested in the house allocation, insisting that his money be refunded through a petition from the Economic and Financial Crimes Commission (EFCC).

It was also gathered that after the sum of N102 million was paid through a bank draft (proof was sent to our reporter), Ugbebor changed his mind and sent another petition that a house be allocated to him, while Olusanya and Oak Homes should pay him rent on the yet-to-be-allocated flat.

This, we gathered, led to accusations and counter-accusations, and Ugbebor promised to deploy his influence to get Olusanya arrested. The promise was eventually executed when Olusanya was arrested and locked up at the Nigeria Police, Zone 2 Headquarters, Onikan, Lagos.