If information reaching societyreelnews stead is anything to flow with, then the popular â€˜baba Ijebuâ€™ founder and Chief Executive Officer, Chief Kessington Adebukunola Adebutu is deeply enmeshed in financial tide.
Sources disclosed that the ijebu-born premier lotto owner is currently experiencing low turnout in patronage of his baba ijebu business ever since more gamers have flooded the country.
Kessington who at inception in 2001 boasted of 200 principal agents, 16,000 sub agents/sales representatives across the western region of Nigeria has for a while now recorded low business sale and being abandoned by most of his agents and sales representatives across the country.
Reasons being that, foreign gaming companies are now in the country and theyâ€™ve made things difficult for him to run his indigenous business enterprise smoothly.
These foreign gamblers have been able to capture the minds of all age grades into their sport betting, churning out unexpected bonuses on ticket predicted by patrons.
Recently, it was alleged that â€˜Baba Ijebuâ€™ sued 1960 bet, a foreign gaming company for issuing bonuses and disrupting activities most especially in Lagos state which serve as a major point sales for him.
The court ruled in favour of Baba Ijebu then, by putting a halt to the bonuses across Lagos metropolis. But unfortunately, the bonuses controversy only went out of the scene for a while as its back in favour of the foreign gamers after an appeal.
The glamour brought in by these foreign gamers have made people neglected â€˜Baba Ijebuâ€™ with only few still checking out at their kiosk while there are hundreds patronizing the foreign sport gamblers modernized shops.
Years back when â€˜Baba Ijebuâ€™ partnered with some big wigs in the society and started the pool business, he eventually lost out and started the premier lotto in 2001.
His premiere lotto company, which comprises of management team that has over 40 years combined experience in gaming industry, has been unable to withstand the tide recently faced from the attention given to these foreign gamers.
Some of these sport gamers include 1960bet, nairabet, merry bet, etc.
â€˜Baba Ijebuâ€™ which use to be one of the biggest lotto practices in West Africa is giving in day by day to these foreign bets as he is currently on a lost course.
Insiders close to the business magnate revealed that he has started his own sports game, different from his lottery lucky number pick. But his new investment has gained no ground yet since he has so many contemporaries to battle with.
His unfathomable loses has recently made him to cut back on his expenses and social activities.