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I Lost Over N1 Billion Naira In One Game - Adebutu, Babka Ijebu. Vanguard by Kaywhy1(m): 6:50am On Aug 02, 2015 |
He started as a saleman of a pharmaceutical
company after his secondary education in 1955.
While with the firm, he rose to the position of
Sales manager for the then Lagos and Western
region, made up of the present-day Ogun, Oyo,
Ekiti, Osun and Ondo states. But in 1963, he left
the company to start his own small business.
This was influenced by a book he read which
encouraged entrepreneurship.
“I worked briefly with Classic Chemical Limited, a
pharmaceutical company produced Andrew’s
Liver Salt, Cafenol and all of that. I worked as a
salesman and rose to the position of Sales
Manager for the Western Region and Lagos. I
stumbled on a book which says whatever job you
are doing, you have to leave, either you quit or
they give you the boot. It went further to say
that in a little business of your own, when you
leave it, you leave it to yourself. That inspired me
and I decided to be on my own,” he noted in an
interview with Sunday Vanguard.
He chose to be an entrepreneur in an odd area.
Having no capital, he looked for a business that
required little or no capital and what came to his
mind was to be a pools agent.
“There was the challenge of finance because the
money was not there to start a business. So I
had o think about a job that required little or no
money to start and what came to my mind was
pools agency because, as an agent, all you need
is a book, a pen and a small table,” he recalled.
He started his life as an entrepreneur- a pools
agent. Later, he went into partnership with his
friend, the late Chief Solomon Adebayo Ayoku,
and, within a short time, they became household
names with their famous Face- to-Face Pools.
Many people know him as Baba Ijebu but his real
name is Kessington Adebutu. He sits atop the
multi-million Naira betting business – Premier
Lotto (Baba Ijebu).
Adebutu, a project management and business
development expert, has full ownership of
investments in a number of organisations like
Face- to-Face Pools, Kessington Industries, Afri-
Prints Limited and Kessington Foundation.
He was born on October 24, 1935 at Iperu Remo
in Ikenne Local Government Area of Ogun State.
He completed his primary education in 1942 and
had his secondary education between 1951 and
1955.
The billionaire is currently the Financial Director,
Premier Lotto Nigeria Limited PLL.
PLL, also known as Baba Ijebu, is a gaming
company incorporated in 2001 and was
established to carry out lotto business in Nigeria.
“The public gave it to me. Funny enough, people
have forgotten my family name. People think that
is my name. It’s not my making. It’s not the
name given to me by my father. It’s a nickname
from the public and our satisfied customers and,
of course, I am from Ijebu; maybe that explains
it better,” he said about his famous Baba Ijebu
alias.
Obviously, the prudence with which he managed
his resources has helped him in his journey,
especially during challenges. It has not all been
rosy for him in the lotto business as many think.
The business has suffered losses on many
occasions; in fact, in the early 60, more than 95
percent of pools business in the country was
killed when the entire coupon won. Even the
Federal Government-sponsored Niger Pools
couldn’t survive the loss but Adebutu is still
standing tall.
“I started with pools, so I am used to the shock
in any game. We have lost over one billion naira
in one game before, but I am used to the shock.
Lotto is like mutual contribution, so we get
commission as the collector. People win certain
percentage of our total gain. Definitely small
percentage is left for us”.
He loves pools gaming, lotto gaming and he does
not see it as fraudulent. He believes that lotto
has empowered a good number of young people
and dissuaded them from heinous acts.
“The influence of gaming is enormous. People
that have reservations are getting it wrong. I
keep saying it that gaming is the stock exchange
of the ordinary man on the street. At the stock
exchange, people buy shares and, as we have
seen, the shares crash at times. Similarly, when
you game, you can win or lose but, at least, it
gives the ordinary man hope and that stops them
from any nonsense. We have also taken so many
thugs out of the streets and they are useful to
themselves, their families and the society at
large,” he noted further.
To underscore his point, he disclosed that six of
his children are working with Premier Lotto.
Baba Ijebu, as he is fondly called, will join the
octogenarian club in October. On how he keeps
fit and able to manage his companies at that
age, he states, “The secret is that everything in
moderation. Everything should be in moderation. I
do all the ‘evils’ in the world but in moderation,”
he said with a smile.
The billionaire pools magnate urged young
entrepreneurs to learn how to grow their
business.
“Young people should learn to crawl before they
walk. Young people are always too much in
haste but you must learn to crawl before you
walk,” the multi-business owner submitted.
A philanthropist to the core, he established the
Kessington Adebutu Foundation to cater for the
less privileged. The foundation also provides
supports for hospitals and schools. He has built
many structures across the country, including
the Kesington Adebutu House in Abuja donated
to the Radio, Television and Theatre Workers
Union (RATTAWU); an accident and emergency
centre at Babcock University Teaching Hospital,
Ilisan Remo; Science laboratory block at Tai
Solarin College of Education; a radio station for
Lagos state university (LASU) to mention a few.
Adebutu sponsors secondary school debate,
football competition and there is also a
vocational centre for training the youths in
vocation of their choice.
He said that he is always willing to give back to
the society as a way of showing appreciation to
God, whom he noted has blessed him beyond his
labour.
“It is God’s grace, that is why our office
reception is full of people. I should appreciate
God. That is why I give back to the society, the
less privileged. God has done wonders in my life.
Some people work harder than I do and not
getting the result. At my age, I should be living
on my reserve, my pension, but I thank God, at
my age, I’m still making money. Im very grateful
to God, I don’t hide it,” he added while receiving
an award from Chioma Lina Okafor-led Youth
Advancement for Qualitative Education,
promising to support the group in its drive to
advance the cause of qualitative education in the
country. |
Re: I Lost Over N1 Billion Naira In One Game - Adebutu, Babka Ijebu. Vanguard by Dollar101(m): 6:52am On Aug 02, 2015 |
Ok |
Re: I Lost Over N1 Billion Naira In One Game - Adebutu, Babka Ijebu. Vanguard by Nobody: 6:52am On Aug 02, 2015 |
Re: I Lost Over N1 Billion Naira In One Game - Adebutu, Babka Ijebu. Vanguard by heykims(m): 6:55am On Aug 02, 2015 |
Baba Ijebu, all I have to say is that your invention has made many miserable today, many have become pathological gamblers and a very few who have made it from the one chance game are addicted to gambling... 1 Like 1 Share |
Re: I Lost Over N1 Billion Naira In One Game - Adebutu, Babka Ijebu. Vanguard by eleko1: 6:56am On Aug 02, 2015 |
Gambler square .outa thread. |
Re: I Lost Over N1 Billion Naira In One Game - Adebutu, Babka Ijebu. Vanguard by ekkywolex(m): 6:59am On Aug 02, 2015 |
Great gambler |
Re: I Lost Over N1 Billion Naira In One Game - Adebutu, Babka Ijebu. Vanguard by Nobody: 7:06am On Aug 02, 2015 |
gambler lose or gain. so, if u lose #10b u have made ur way already. |
Re: I Lost Over N1 Billion Naira In One Game - Adebutu, Babka Ijebu. Vanguard by ramdris(m): 7:19am On Aug 02, 2015 |
Baba why I salute your achievements, I must confess that your lotto firm is ruining pples lives per second. You should close up that business and direct the fund to something worthwhile. You struggled to become who you are yet you are telling the youths that they need not worry about work and struggling in life to be rich. Think about it sir... 1 Like |
Re: I Lost Over N1 Billion Naira In One Game - Adebutu, Babka Ijebu. Vanguard by Ghost01(m): 7:26am On Aug 02, 2015 |
Owo baba ijebu, oya da pada! |
Re: I Lost Over N1 Billion Naira In One Game - Adebutu, Babka Ijebu. Vanguard by kennyman2000(m): 8:06am On Aug 02, 2015 |
Hmmmm.. |
Re: I Lost Over N1 Billion Naira In One Game - Adebutu, Babka Ijebu. Vanguard by godoluwa(m): 2:59pm On Aug 02, 2015 |
ramdris:the man can never quit. LOTTO IS PURE SCAM. ONLY THE WISE ONE THAT THEIR LUCK ALSO FAVOR THEM CAN MAKE MONEY FROM LOTTO |
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