Radio presenter and founder of Blind for Investment and Ogo Osupa Media Concept, Johnson Solanke, has publicly apologised to fans and investors following the collapse of his crowd-funded investment scheme.

Solanke blamed the debacle on betrayal by a longtime friend and business associate simply known as Babajide.

In a heartfelt address on Ogo Osupa Live TV, the visually impaired media personality admitted disappointment over the loss of investors’ funds but maintained that he was not solely responsible for the failure of the scheme.

He revealed that he had entrusted the business operations to his childhood friend, a self-proclaimed car dealer based in Philadelphia, United States.

“I know I disappointed you all, but it wasn’t all my fault,” Solanke said emotionally. “The same way you believed in me, I believed in Babajide, who was supposed to be my eyes in the business. I never anticipated he would disappear with our money.”

Solanke explained that the investment initiative, launched in 2021, was aimed at purchasing cars and motorcycles for fans and beneficiaries on hire purchase agreements. Initially, the scheme yielded substantial returns, with profits split 60-40 between the company and investors every three months.

However, cracks reportedly began to show in 2022, and by 2023, while some investors were paid, financial strains worsened. In 2024, Babajide, who had promised to return to Nigeria with $3.1 million from a $1.5 million capital, went incommunicado and had since gone into hiding.

“I am not a scammer,” he pleaded. “I have nothing to hide. I am ready to honour any invitation from the police, EFCC, DSS, or any authority. I just need help and patience from the fans to rebuild and repay.”

The media entrepreneur is calling on the Nigerian Police, the Army, Navy, DSS, and EFCC to intervene in locating Babajide and resolving the financial crisis.