Isaac Fayose Shares How His N105m Amala Restaurant in Abuja Collapsed, Blames Government

• Isaac Fayose recently shared his opinion after losing the whopping sum of N105 million he invested in his Amala restaurant
• The social media commentator also shared why the government should be blamed for failed investments in the country
• Isaac Fayose's stance stirred up a debate on social media, with many Nigerians sharing diverse opinions

Social media commentator Isaac Fayose, in a video, opened up on how he lost the sum of N105 million he invested in his Amala restaurant located in Abuja.

Isaac, the younger brother of former Ekiti state governor, Ayodele Fayose, while speaking about the harsh realities of doing business in the country, criticised the government and human greed for failed investments.

Speaking on Honest Bunch Podcast, Fayose disclosed that his N105 million Amala restaurant collapsed in five months, despite being created to empower 50 people.

“I opened the Amala place to take people out of poverty. I spent N105 million and gave 50 people jobs. But in five months, they destroyed everything. They stole two generators, then the POS stopped working. They turned me into national cake,” he said.

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Fayose disclosed he eventually sold the Amala restaurant for N58 million.

“So investment gone. Business gone. And the people I hired? They’re out of jobs too,” he added.

Isaac also recalled how his cattle farm in Ibadan, previously managed by his white wife, also collapsed after she left.

When asked if his failed business experiences were due to human failure or bad governance, Fayose stated the blame was on the government first, adding that it was difficult for people to survive on N70,000 a month.

"I spend N500,000 daily. A policeman earning N150,000 with no pension — what do you expect? He’ll collect bribes. We are designed to fail," he said.

The video of Isaac Fayose speaking about his failed businesses is below:

Fayose's video on failed businesses draws attention

Legit.ng compiled some of the reactions, read them below:

Triple Monet said:

"You go explain tired no be your brother dey role now ...ask him those questions lol eko oni baa eja."

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Charles Coded reacted:

"one is supervision ,often supervise appreciates the workforce good pay and little handouts, two nepotism if you look not only your kinsmen they will feel this is my brother ,they a kind entitled especially G M , under paying staff hiring and firing from any little insubordination empower people across board supervise timely and encourage."

Christiana Chindalu Emereonye said:

"He spoke like someone who this business is an NGO I think business is not for him. Food business needs strict supervision."

Azeez Shasore commented:

"No be so una do for Ekiti.. e don reach ur turn Na..."

Governor Zikpe wrote:

"You don't spend any 500k daily bro stop the exaggeration 500k no be small money too, if you said in two days fine."

Isaac Fayose blasts Cubana Chiefpriest

In related news, Legit.ng reported that Isaac Fayose blasted Cubana Chiefpriest after a picture of him kneeling to greet Vice President Kashim Shettima.

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Chiefpriest had visited Shettima in Abuja and shared a video of his visit. More pictures from the encounter, however, surfaced online.

In a video reacting to the celebrity barman’s gesture, Fayose stated that Cubana Chiefpriest lacks integrity.

Proofreading by Funmilayo Aremu, copy editor at Legit.ng.

Source: Legit.ng