Dangote Going Broke?

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FFA
Re: Dangote Going Broke?
« #64 on: July 22, 2009, 10:33 AM »

HUNNNNNNNNNNN-INTERESTING.      TU FACE WILL SAY 'I NO FIT SHOUT'
Nezan (m)
Re: Dangote Going Broke?
« #65 on: July 22, 2009, 10:39 AM »

Quote from: FFA on July 22, 2009, 10:33 AM
HUNNNNNNNNNNN-INTERESTING. TU FACE WILL SAY 'I NO FIT SHOUT'
Grin Grin
Angel20
Re: Dangote Going Broke?
« #66 on: July 22, 2009, 11:01 AM »

Quote
What do u expect from a man they just DASHED 500,000 Naria by Dantata's  in the early 80's.
And how he DOUBLE  CROSSED tha Danata's Business of Importataion of Essential Commodites ie rice , sugar, Fertilizers, salt etc
What are his Business princple ? what Business innovation that he has craved for himself to keep competitors on their toes?
I can not vividly assigned any Business acumen to these MAN.
Does he thinks is just by donating Millions of Naria in any PDP given events ?
Recently he deonated a whooping 1 Billion to TURAI YARADUA Cancer screening centre in Abuja what for ?
when these Monies should be given as soft loans to Millions of Women to revolving loans scheme .
As far am concerned Nigerians Businessmen, Political leaders in all level of Governace have not really made NIGERIA their HOME
We need geniune and credible people to lead these country.
Whay must i build my own house, generate my own electicity and drill my own borehole and even provide security and looked up to CNN and BBC for an unbiased report of events in my backyard, when we have NTA is really terrible in pity these contraption called Nigeria.
 
 Yeah i agree with u, Nigerian leaders are not helping matters: Imagine the leaders going abroad for treatment while we have hospitals here, uw bout d masses who dont have d moni to fly themselves abroad? Government should equip our own hospitals here and ban treatment abroad.Dangote is really running down i believe.
oge4real (f)
Re: Dangote Going Broke?
« #67 on: July 22, 2009, 12:33 PM »

Aliko Dangote is broke? So wats the news? Tongue
Jarus (m)
Re: Dangote Going Broke?
« #68 on: July 22, 2009, 12:46 PM »

So Uzoma Nwankwo has left Dangote. This is very shocking. I hope Kunle Alake is still there sha.

I have always known that all is not well with Dangote in the last one year but I never knew it has gotten to this extent. The man is having problem everywhere. He was battling Femi Otedola sometime ago, and now he's locked in a tango with Oba Otudeko over NSE presidency. Now, his internal business is having these problems.
Hmmmnnn,  Lips sealed
pek (m)
Re: Dangote Going Broke?
« #69 on: July 22, 2009, 01:09 PM »

every word in English is relative.broke here can mean that he has less than 100 billion dollars to boast of. news paper headlines should not be taken seriously because they are meant to be sensenational and magnet people to buy or read.
Nezan (m)
Re: Dangote Going Broke?
« #70 on: July 22, 2009, 05:43 PM »

Quote from: oge4real on July 22, 2009, 12:33 PM
Aliko Dangote is broke? So wats the news? Tongue
mama-gee (f)
Re: Dangote Going Broke?
« #71 on: July 22, 2009, 05:52 PM »

I think he is.
Connoisseur (m)
Re: Dangote Going Broke?
« #72 on: July 22, 2009, 07:04 PM »

Can Dangote be broke when he donated almost a billion naira last week on our first lady s cancer fund raising. 
MrCrackles (m)
Re: Dangote Going Broke?
« #73 on: July 22, 2009, 07:22 PM »

Quote from: mama-gee on July 22, 2009, 05:52 PM
I think he is.

You think he is?!. . . . .What do you know about Dangote? Huh
fayahsoul
Re: Dangote Going Broke?
« #74 on: July 22, 2009, 09:36 PM »

The world is in the hand of the wicked.

How many people are slaving under this devil? how many are a direct/indirect victim of his greedy ambition?

Wealthy monopolists like him are deep into soccery and wizadry.

For someone that high up the socio-economic ladder to go broke, many other wealthy people whom are part of his elite social network must also go broke. This can only happen in the event of a global cataclysm(natural/unnatural) that will shake up the very foundation of conventional monetary transactions. This is very probable as we transition into a new age.

Be ready.
Kunle-A (m)
Re: Dangote Going Broke?
« #75 on: July 22, 2009, 10:52 PM »

Quote from: Connoisseur on July 22, 2009, 07:04 PM
Can Dangote be broke when he donated almost a billion naira last week on our first lady s cancer fund raising. 

Quite possible. When rich people "donate". Its not usually raw cash. Its mostly in terms of equipment and usually they will spread the donation over a period of term. Its not just one time check like that.

Whether he's broke or not, Nigerians need to realise that no country can import its way to prosperity. YOU NEED TO PRODUCE/MANUFACTURE!. Bulk of his wealth has been from importing. I am not saying he's not manufacturing but about 60-70% comes from straight importing.

Hence its easy to get short term loan and turn it around quickly. Manufacturing is difficult. Day in , Day Out. Make products, Make profit. Sustain that and do it all over again. Thats difficult. Thats why Nigerians dont manufacture much. Power issues doesnt help either.

The monopoly has also helped him, take that away and you have a problem. The last time i was in Nigeria, i was appalled by the quality of his salt  Huh. Its TERRIBLE!!!. There's no way that can even be an iodized salt. If you are going to monopolize, at least bring the good stuff.

Only time will tell. All i can say is, NO ONE LEAVES A COMPANY WHEN ALL IS IN ORDER!. The mass exodus of his top guys kinda baffles me. They know something you and i dont.  Wink
rhymz (m)
Re: Dangote Going Broke?
« #76 on: July 22, 2009, 11:12 PM »

Most of the commentz here lack intelligence,how can sb say Dangote can't go broke.Some even say he can't be in d region of a millionaire,datz rubbish,he can, and even go wey below dat.
In d firzt place most of hiz biznezes re not solely his,they re either joint venturez or public limited companiez and the onez that re his re in most part funded by loanz from bank cos he does't ve dat kind of money,4get d hype,there re no true billionairez in Nigeria in d real sense of d word,these guyz re owing bankz both local and international to d tune of billion dollarz which re serviced and these monies are tied down as projects and other constructionz,they can only claim to be billionairez afta they must ve paid these bankz and actually own diz companiez.Besidz,I ve alwayz said it,an aboki is an aboki no matter how rich he becomez,Dangote is not in anyway a biznez man,any biznez guy can lobby d FG for contract and stuf but when U start lobbying for competition to be pushed out and start squashing competitorz by using FG dat is not biz acumen,there is no genius or biz acumen in dat cos any idiot wil make billionz too doing that.These guyz don't do biz anymore they just lobby for monopolistic policies and then cash in on that,these guyz(otedola,dangote,adenuga etc) ve no biz ethicz,ideology or strategy so they don't deserve to be called biz mogul,investing in oil thru corruption is not biz,ok even in d manufacturing sector how many of thier products re actually competitive with d productz 4rm factories owned by indianz and Lebanese,go to d market bsidz dier productz wit monopolistic edge no one is doing well,4rm noodlez,flour,salt,pasta food(even with all d advert),i mean U can't say they re common place in evry house hold,indomie 4instance stil rulez big time in its market,same for golden penny,semovita etc,so if U check it diz unintelligent crookz paradin as biz mogul get thier money 4rm causing mayhem in critical sectorz of d economy lyk oil,cement and stil oil(no biz idea) and if FG should close all these avenues U wil be surprise how dumb in d brainz these crookz re,why wont he donate a billion naira to Yaradua's wife project,afterall she's d most powerful person in Aso rock,she callz d shot not d weak puppet husband.If they re very wealthy and ve biz acumen as they claim let them go into real manufacturin,like steel,heavy merchinary,auto mobile partz and d lykz then one can say men! Dese guyz re great biz men no be guyz wey no dey do anything.Abeg i rest my case,Dangote and evry other crookz callin themselvz biz guyz can go broke in d real sense,all U need to do is equate thier debt profile to thier worth(datz if dose re for real).   
darne (m)
Re: Dangote Going Broke?
« #77 on: July 23, 2009, 12:48 AM »

Quote from: rhymz on July 22, 2009, 11:12 PM
Most of the commentz here lack intelligence,how can sb say Dangote can't go broke.Some even say he can't be in d region of a millionaire,datz rubbish,he can, and even go wey below dat.
In d firzt place most of hiz biznezes re not solely his,they re either joint venturez or public limited companiez and the onez that re his re in most part funded by loanz from bank cos he does't ve dat kind of money,4get d hype,there re no true billionairez in Nigeria in d real sense of d word,these guyz re owing bankz both local and international to d tune of billion dollarz which re serviced and these monies are tied down as projects and other constructionz,they can only claim to be billionairez afta they must ve paid these bankz and actually own diz companiez.Besidz,I ve alwayz said it,an aboki is an aboki no matter how rich he becomez,Dangote is not in anyway a biznez man,any biznez guy can lobby d FG for contract and stuf but when U start lobbying for competition to be pushed out and start squashing competitorz by using FG dat is not biz acumen,there is no genius or biz acumen in dat cos any idiot wil make billionz too doing that.These guyz don't do biz anymore they just lobby for monopolistic policies and then cash in on that,these guyz(otedola,dangote,adenuga etc) ve no biz ethicz,ideology or strategy so they don't deserve to be called biz mogul,investing in oil thru corruption is not biz,ok even in d manufacturing sector how many of thier products re actually competitive with d productz 4rm factories owned by indianz and Lebanese,go to d market bsidz dier productz wit monopolistic edge no one is doing well,4rm noodlez,flour,salt,pasta food(even with all d advert),i mean U can't say they re common place in evry house hold,indomie 4instance stil rulez big time in its market,same for golden penny,semovita etc,so if U check it diz unintelligent crookz paradin as biz mogul get thier money 4rm causing mayhem in critical sectorz of d economy lyk oil,cement and stil oil(no biz idea) and if FG should close all these avenues U wil be surprise how dumb in d brainz these crookz re,why wont he donate a billion naira to Yaradua's wife project,afterall she's d most powerful person in Aso rock,she callz d shot not d weak puppet husband.If they re very wealthy and ve biz acumen as they claim let them go into real manufacturin,like steel,heavy merchinary,auto mobile partz and d lykz then one can say men! Dese guyz re great biz men no be guyz wey no dey do anything.Abeg i rest my case,Dangote and evry other crookz callin themselvz biz guyz can go broke in d real sense,all U need to do is equate thier debt profile to thier worth(datz if dose re for real).   


Gbam !!   Wink
   U Don talk am All,, So Lets Close This Thread,, (No More Replies Please)   Grin Grin
Kunle-A (m)
Re: Dangote Going Broke?
« #78 on: July 23, 2009, 02:29 AM »

Quote from: rhymz on July 22, 2009, 11:12 PM
Most of the commentz here lack intelligence,how can sb say Dangote can't go broke.Some even say he can't be in d region of a millionaire,datz rubbish,he can, and even go wey below dat.
In d firzt place most of hiz biznezes re not solely his,they re either joint venturez or public limited companiez and the onez that re his re in most part funded by loanz from bank cos he does't ve dat kind of money,4get d hype,there re no true billionairez in Nigeria in d real sense of d word,these guyz re owing bankz both local and international to d tune of billion dollarz which re serviced and these monies are tied down as projects and other constructionz,they can only claim to be billionairez afta they must ve paid these bankz and actually own diz companiez.Besidz,I ve alwayz said it,an aboki is an aboki no matter how rich he becomez,Dangote is not in anyway a biznez man,any biznez guy can lobby d FG for contract and stuf but when U start lobbying for competition to be pushed out and start squashing competitorz by using FG dat is not biz acumen,there is no genius or biz acumen in dat cos any idiot wil make billionz too doing that.These guyz don't do biz anymore they just lobby for monopolistic policies and then cash in on that,these guyz(otedola,dangote,adenuga etc) ve no biz ethicz,ideology or strategy so they don't deserve to be called biz mogul,investing in oil thru corruption is not biz,ok even in d manufacturing sector how many of thier products re actually competitive with d productz 4rm factories owned by indianz and Lebanese,go to d market bsidz dier productz wit monopolistic edge no one is doing well,4rm noodlez,flour,salt,pasta food(even with all d advert),i mean U can't say they re common place in evry house hold,indomie 4instance stil rulez big time in its market,same for golden penny,semovita etc,so if U check it diz unintelligent crookz paradin as biz mogul get thier money 4rm causing mayhem in critical sectorz of d economy lyk oil,cement and stil oil(no biz idea) and if FG should close all these avenues U wil be surprise how dumb in d brainz these crookz re,why wont he donate a billion naira to Yaradua's wife project,afterall she's d most powerful person in Aso rock,she callz d shot not d weak puppet husband.If they re very wealthy and ve biz acumen as they claim let them go into real manufacturin,like steel,heavy merchinary,auto mobile partz and d lykz then one can say men! Dese guyz re great biz men no be guyz wey no dey do anything.Abeg i rest my case,Dangote and evry other crookz callin themselvz biz guyz can go broke in d real sense,all U need to do is equate thier debt profile to thier worth(datz if dose re for real).   

WTF  Huh

Which school did u go to?
fayahsoul
Re: Dangote Going Broke?
« #79 on: July 23, 2009, 02:38 AM »

O'boy however u look at it the guy is the richest man in afuraka and the top 400 richest in the world. Remember there are over 6 billion people on earth. The guy is not a mugu.

With that kind of wealth comes powerful connections, both local and international. And with such an extensive and developed social capital comes very special privileges that will not allow him see the bottom of society.

keep in mind that there are levels of brokeness. When there is a decrease in substantial economic profit they call it a loss
.
fayahsoul
Re: Dangote Going Broke?
« #80 on: July 23, 2009, 03:10 AM »

Rent seeking activities or obtaining a license to monopolise is not unique to dangote's business. In fact a business has to be a monopoly to make it into forbes.

A muliti-bilion dollar empire like dangote's always have shareholders but the company board of directors will own majority shares. Most also owe banks but the problem comes in when there's a default in payment arrangement.

Mind you that forbes only took into account dangotes legal or registered businesses. He may also have a substantial investment in narcotics and other illegal unregistered businesses. He could have multiple accounts everywhere under different alias.

Once someone climbs that high it is quite unlikely to hit rock bottom
.
naijaking1
Re: Dangote Going Broke?
« #81 on: July 23, 2009, 03:27 AM »

The evil things OBJ did to Nigerians during his second sitting a head of state include:
1. Appointment of Yar'dua as successor when his 3rd term bid failed.
2. Failure to achieve any improvement in power supply
3. Granting of monopoly(which has been shown to retard progress of developing countries) to Dangote
destinysgu (m)
Re: Dangote Going Broke?
« #82 on: July 23, 2009, 11:37 AM »

Let be realistic Pls
Who on Earth will hav dat kind of opportunity he(Dangote) hav that will not take it
Let stop mis-yarning abeg

Broke or Not Broke
Dat Guy is still in Big Money

Sum1 should tell me a bizman dat will hav opportunity of monopoly nd wil said no i dont want, nobody even u guyz dat is critizing dis Dangote

i rest mah case here
dedeike
Re: Dangote Going Broke?
« #83 on: July 23, 2009, 12:57 PM »

i think we all should concentrate on making it like dangote,than engage in idle gossip.he has made it big and no one can change that.unless you are otedola's apologists.
Nezan (m)
Re: Dangote Going Broke?
« #84 on: July 23, 2009, 02:43 PM »

Quote from: dedeike on July 23, 2009, 12:57 PM
i think we all should concentrate on making it like dangote,than engage in idle gossip.he has made it big and no one can change that.unless you are otedola's apologists.
funny, but true
daragrams (m)
Re: Dangote Going Broke?
« #85 on: July 23, 2009, 04:49 PM »

in my own opinion he has tried his best, remember he is only a business man and not a saint

how many nigerians can put in thier money into this economy like he did
Uche2nna (m)
Re: Dangote Going Broke?
« #86 on: July 23, 2009, 05:09 PM »

Quote from: daragrams on July 23, 2009, 04:49 PM
in my own opinion he has tried his best, remember he is only a business man and not a saint

how many nigerians can put in thier money into this economy like he did

 Meaning???

What other incentive do u need to pump money into a business venture when U have already been granted monopoly over the market.

Give me monopoly over toothpick, and I will put money in Somalia.
mama-gee (f)
Re: Dangote Going Broke?
« #87 on: July 24, 2009, 04:20 PM »

Quote from: MrCrackles on July 22, 2009, 07:22 PM
You think he is?!. . . . .What do you know about Dangote? Huh


I know he is your Oga(boss). Grin
kelao
Re: Dangote Going Broke?
« #88 on: July 25, 2009, 12:22 PM »

Broke ke?

Ha thats a huge joke.

When his manufacturing companies cannot even meet market demand.

Na WAH O

CGKing (m)
Re: Dangote Going Broke?
« #89 on: July 29, 2009, 11:56 AM »

Quote
How can someone have a monoply of importation of sugar,cement,flour.

Imagine that! What of rice?

Quote
I know he is good business man but honestly what does he know that other nigerian biz men do not know?
A good business man that cant face competition but rather used coniconi to acquire a monopoly of the basic needs of the Nigerian man.  Even Bill Gates was challenged functioning under his rights, yet one man over here is enjoying unchallenged monopoly of food.. I no fit shout.
CGKing (m)
Re: Dangote Going Broke?
« #90 on: July 30, 2009, 08:56 AM »

That guy cant go broke.

U ppl should stop giving some ppl false hopes. Feels like some ppl r xpecting to soon see him rent a face me I face u apartment in their neighbourhood Grin
AMERICANEX (m)
Re: Dangote Going Broke?
« #91 on: July 30, 2009, 09:19 PM »

my 2 cents - just like the US markets - a good / well written negative article can shake out a stock exchange and many unscrupulous bankers / investors a boat load of money on the way down by shorting the market. If well played it can bring fortune on the way down and then bounce and double up.
I am sure that he will be kept in tact by the government anyway if he is as big as everyone claims.
I am sure some hedge funds will make a killing if well timed bad news is leaked.
Wish I knew more.     
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