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School proprietor explains how CBEX bought yellow house for N400,000 during inter-house sport

The Proprietor said he never knew anything about CBEX until a friend linked him to Temitayo Oklet (Temitayo Oke) from Ibadan, Oyo State. “A friend of mine, who knew we were yet…

The Proprietor said he never knew anything about CBEX until a friend linked him to Temitayo Oklet (Temitayo Oke) from Ibadan, Oyo State.

“A friend of mine, who knew we were yet to get a sponsor for our Yellow House, connected me with Temitayo, and we agreed on N400,000 as a sponsorship fee. He paid it through my friend,” Oguntola told FIJ.

“He told me that ‘ST CBEX House’ was their preferred name, and that was why we wrote it on the children’s sportswear. I had never seen him until the competition day and after that day, I have not seen him again. When I heard of the problem, I called him several times but he ignored my calls.”

Asked whether he did any due diligence on CBEX before accepting the sponsorship, Oguntola responded in the negative.

“I did not do any background checks. I accepted their offer because a friend of my mine was the link between us. He also invested in the scheme and lost about $10,000, with the exception of the subscribers affiliated with him,” Oguntola said.

The Proprietor said he never knew anything about CBEX until a friend linked him to Temitayo Oklet (Temitayo Oke) from Ibadan, Oyo State.

“A friend of mine, who knew we were yet to get a sponsor for our Yellow House, connected me with Temitayo, and we agreed on N400,000 as a sponsorship fee. He paid it through my friend,” Oguntola told FIJ.

“He told me that ‘ST CBEX House’ was their preferred name, and that was why we wrote it on the children’s sportswear. I had never seen him until the competition day and after that day, I have not seen him again. When I heard of the problem, I called him several times but he ignored my calls.”

Asked whether he did any due diligence on CBEX before accepting the sponsorship, Oguntola responded in the negative.

“I did not do any background checks. I accepted their offer because a friend of my mine was the link between us. He also invested in the scheme and lost about $10,000, with the exception of the subscribers affiliated with him,” Oguntola said.

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Published April 20, 2025
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