Nigerian skitmaker Brain Jotter has recounted what he described as a painful experience involving an alleged ₦60 million-plus investment in a real estate company in 2021.
The comedian said the investment represented almost all of his savings at the time and was made after his earnings from YouTube began to increase significantly.
According to Brain Jotter, he had previously survived on a monthly income of between ₦25,000 and ₦40,000 before his online content career began generating more money. As his finances improved, he decided to put his savings into real estate.
He said he invested with Property Matchmakers following an opportunity connected to Beechwood Estate, with the company allegedly promising a 30 per cent return on investment after 12 months and offering land as collateral.
Brain Jotter said he received a deed of assignment but did not engage a lawyer to examine the transaction because he trusted the company.
The skitmaker revealed that he had accumulated more than $100,000 in savings, which he converted to naira before investing approximately ₦60 million.
He said he initially did not pressure the company for returns because he remained focused on his work. However, by 2023 and 2024, he became interested in developing the property that had reportedly been offered as collateral.
According to him, the company repeatedly asked him to wait, citing issues including survey approval and the Lagos-Calabar Coastal Road project.
By 2025, Brain Jotter said he became increasingly concerned and demanded either the property or a refund of his investment.
He alleged that the company eventually offered to refund his money but proposed deducting 15 per cent as a penalty, despite the original agreement promising a 30 per cent return.
The comedian also lamented the impact of inflation on the value of his money, noting that the ₦60 million to ₦70 million he invested in 2021 could have purchased a substantial property at the time but had significantly lost value.
Brain Jotter said he eventually accepted the refund because he did not feel financially or emotionally prepared to pursue a lengthy legal battle.
However, he alleged that the company subsequently sent him a repayment plan that would see his money returned in instalments while still applying the 15 per cent deduction.
He expressed frustration over the situation, particularly because he claimed the company continued developing and selling properties in Lekki Phase 1 while he was still trying to recover his investment.
Discover more from Keeping Them Honest
Subscribe to get the latest posts sent to your email.