I Did Not Collect Loan To Open My Business – Iyabo Ojo

We reported not long ago that versatile Nollywood actress, Iyabo Ojo has taken a different turn in her career by venturing into food business. She launched her restaurant (Abula Spot), lounge and club somewhere in Lekki; a two storey building which left everyone wondering where she got the money from.


In reaction to the speculations according to Punch, Iyabo Ojo claimed that she had to sell some of her landed property  and also her jewellery in order to achieve her dream.


 “I did not collect a loan to open my business, I saved. I had been planning to open this place for a very long time, so I had been saving. When I wanted to get my new office building, I sold some of my property. I sold almost all my gold if not everything.

During that time, I sold one batch and when I needed more money, I sold the rest. I told myself to forget about gold for now because I know that I can make the money back later.

With the support of good people as well, I was able to get my office building. The first lady of Kwara State who came to inaugurate the building supported me. Some of my godparents also supported me because I told them that I wanted to sell amala,”


As the idea of owning a local restaurant automatically changes her name to ‘iya alamala’ (amala seller), Iyabo Ojo said:

 I am a local chic. I made a name for myself by acting in my local dialect which is the Yoruba language and in our culture, amala is the in-thing. I am proud to be selling amala because that is my culture.

A Chinese man cannot be ashamed of owning a Chinese restaurant. What I did was that I brought something perceived to be local to the Island and I made it look posh.

When something is local, it does not mean that it is dirty. People really long to eat amala and I am not ashamed to be selling it.

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