BY TIMOTHY AGBOR, OSOGBO
The management of the Omoluabi Holdings Limited, a limited liability company owned by Osun State has appealed to the rent subscribers of the newly commissioned multimillion naira ultramodern mall who are unable to get shops to be patient with the company, promising that they would soon be refunded.
It explained that the delay was due to limited number of shops available under the first phase of the project.
On the delay in the refund of subscribers’ money, the management asked those affected to exercise patience, saying the delay was due to freezing of the state government accounts by the Governor Ademola Adeleke administration.
The Managing Director of the company, Tunde Faleye, made the appeal while reacting to a report by The Point where the company was accused by the subscribers of shortchanging them and allocating the shops they had paid for to government officials.
But, Faleye denied the allegations, saying that the mall was built to boost the economy of the state and to be of utmost advantage to business owners and not to dupe anyone.
According to him, the subscription for the shops is in three categories namely: Outright Purchase, Ten Years Least and Annual Rentals.
He further explained that all the subscribers that fall into the first two categories (Outright Purchase and Least) were accommodated.
This, according to him, “was a joint decision between the company and the bank that financed the project. A total number of 63 subscribers fell under this catigories.”
He added that 40 subscribers who happened to be the company tenant at the old facility were also given priority. He said it was in the fulfilment of the promise made to them at the commencement of the project.
“Of the remaining about 89 subscribers that were left, only 46 of them were accommodated, leaving 43 subscribers that yet to be accommodated. As we speak, there are still some handful number of shops available due to the people that decided not to take the allocation as a result of where their allocated shops fell and we are also re-allocating those shops to other subscribers that would be preferred to take them.
“The process of refund of the money is already in place. We have completed our due diligence on some tenants that already indicated thier intentions to get refund. The company has also made a public announcement in the media to inform subscribers that fall under this categories to come forward with the details of their payment for us to prepare their refund,” he said.
Apologising for any inconveniences the development might have caused the subscribers, Faleye said it was not deliberate.
“I want to appeal to our people in the state to please exercise patience with us. They should also look at the overall objective of the company which is to stimulate economic activities within the state capital and expand income base of the company vis-a-vis the state,” he noted.
