Socialite and Serial Entrepreneur, Wale Jana pays investors 150 million naira and sues Nnamdi Chife for 160 million naira for defamation

Wale Jana is the CEO of Sapphire Group, a company that specializes in the production of perfumes, wrist watches, eyeglasses, jewelries, accessories and more recently the introduction of Sapphire Hills, which he birthed in 2022. Speaking about his new venture into the Real Estate line he shares, “We noticed that there were not many known faces in the real estate business. There are few well known brands and we wanted to change that with our strategy of merging homes with nature. Any piece of real estate Sapphire is selling will always be picturesque with either mountains or an ocean view. The strategy is to blend home with nature.”

Over the years since his inception, he has tirelessly pushed his brands beyond heights imagined and possibilities unthought but this nonetheless has also brought him some backlash as a result of controversies relating to unpaid investors and several defamations from different persons but nonetheless he has scaled over all of this and risen much higher as a brand. Addressing the situation of things with his investors he stated, “We had a challenge with our investors which are made up of people who invested in our business.

The funds were used to produce perfumes, watches, eyewear and jewelry and also to cover overhead and capital projects. The funds were short term and unfortunately we couldn’t meet up with payments because of the pandemic. It’s been very daunting and challenging but we have been making progress. So far we have paid over 150 million and we will continue to make payments.”

As Wale Jana continues to make payments to several investors who had invested in his business the rage of defamations hasn’t held back as he was recently called out by a Nnamdi Chife for being a scam artist. To this effect, Wale has further sued him for 160 million naira for defamation and looking further to have his name and honor cleared.

Assuring the public about the credibility of his real estate business he mentions, “Many people want to buy land or property with peace of mind and we guarantee that. We ensure we deal with credible partners and assure our clients gets the full value of their money without a single issue.”

Cc: Lalasticlala, mynd44

Such a huge sum