Ubi Franklin, known for his dynamic roles as a former artist manager and businessman, has shared the significant challenges that shook his world in 2024. In a series of heartfelt posts on his Instagram story, Franklin recounted a devastating year marked by the collapse of his ventures and financial woes that left him grappling with deep loss and uncertainty.
One of the key stories Franklin shared was about the demise of his once-thriving burger and finger food business. According to him, the business, built with careful planning and the necessary approvals from local authorities, faced an unexpected downfall. One fateful day, Franklin received a phone call that would change everything—government officials had demolished the property where his business stood. This sudden action left him without a viable location and disrupted plans to move to a new space, despite his due diligence efforts.
In another post, Franklin disclosed an equally harrowing experience involving a building he leased in 2023 for a different business venture. He had no idea that the lease agreement required the joint signature of both the property owner and his spouse, who was not present at the time. Upon her return, she nullified the contract, effectively revoking Franklin’s lease. The loss was monumental: an investment of N69 million evaporated, including N20 million borrowed from investors.
Franklin revealed how the pressure intensified as investors demanded repayment. “While trying to resolve the dispute with the couple, the investors who funded the N20 million started dragging me for their money,” he shared. Despite the overwhelming nature of these setbacks, Franklin’s posts also reflected his resilience. He shared motivational scriptures, expressing faith in overcoming these turbulent times and rebuilding stronger.
This candid account of business losses resonated with many, drawing attention to the challenges entrepreneurs face and the personal fortitude needed to navigate them. Franklin’s transparency about the hardships of entrepreneurship serves as a stark reminder that success stories often carry hidden chapters of trials and losses.
Comments from Fans and Reactions:
@patriciaharding749: “Keep your head up, Ubi. Every setback is a setup for a comeback. Stay strong!”
@radical_emela: “This is just the tough side of life. You’ll bounce back, Ubi. Praying for you.”
@_eseofficial: “Wow, what a year you’ve had! Wishing you brighter days ahead.”
@gloriaosarfo: “Every storm passes, Ubi. Your resilience is inspiring. Keep going!”
@i_am_mercy: “You’ve got this! We’re rooting for you.”
@deewilljude: “Sharing your story shows strength. Thank you for being real about your journey.”
