sunnyside16:
Otedola loosing millions of dollars and yet still living well. me I am still looking for the bike man owing me 50naira.

Why won't he loose money when he was selling Buhari kerosene, in celebration of the arrival of the most dull, incompetent, tribal and clueless President the world has ever seen?

hotcakept2:
But he is still a billionaire in naira na

Point of correction


He's still fuckin rich


Cos 1million dollars is 450million Naira if we peg $1 at #450

veekid:

Elect/ Elect engr

Lol, the Kirchoffs and Thevenins of our time...

Which of the elements of change acts as the corrosive medium?

Fast money goes quick. The otedola family only became rich not even up to 3decades ago. Just after his dad became governor.

More of his status from our common wealth will drop from billionaire to millionaire as long as 'SUBSIDY_SUBCHEATING' is dead
forever.

sukkot:
I am a representative of the feast of tabernacles aka sukkot aka booths. I hail from the yisrael tribe of judah

Well. That makes sense

hotcakept2:
But he is still a billionaire in naira na

Stop mocking him. He actually los 2/3 of his wealth, he is now bankcrupt. Naira is not yet a currency been among the 5 weakest in the world and third in Africa.

Chai see money way one may loose and he nor shake am, yesterday Atm debit me 20k without dispensing and i nearly get cardiac arrest

U want slave masters to bounce back? I'm sorry for ur asss...

misscall247:
he will bounce back.

hotcakept2:
But he is still a billionaire in naira na

Did you mean to say trillionaire

SycophanticGoat:


Lol, the Kirchoffs and Thevenins of our time...

Which of the elements of change acts as the corrosive medium?

Catch me in the other room for questioning

Otedola is really feeling d recession issue.femi should prepare and diversify his investment oo cos' d recession will still bite harder oooo.he still a billionaire in nigeria not in africa.no fuel subsidy payment again.good one from pmb

Papertrail11:


true that but what about his loans nko almost a billion dollars do you still consider him rich

hmmm well I assume that the opposite of rich is poor.... Even with his loans, the man isn't poor.. So yeah, I consider him as a rich man

Buhari evil change nor affect me i still dey kampe

wiseoneking:
Stop mocking him. He actually los 2/3 of his wealth, he is now bankcrupt. Naira is not yet a currency been among the 5 weakest in the world and third in Africa.

You don't get it. Whatever happen to the valuation of Otedola's wealth in dollars afffect everybody that have his wealth in naira. If you had N460 in your account in June 2014, you would be valued as having around $3. Let say no interest and no withdrawal till today, you will still have the 460 in naira but worth only $1 in dollar term.

That Dangote, otedola, or anybody for that matter suffer decline in dollar valuation means they invested the bulk of their wealth in Nigeria economy. If naira exchange rate improves today, they automatically recover even without put any additional efforts.

Na change things oo

In essence, he lost nothing.

It's just numbers.

Money is nothing but numbers.

Subsidy oil money has dried up.

This Buhari change is indeed an all inclusive CHANGE

Contact17:
Wow..... Is this how billionaire title comes and goes?

Everything about this post is a rib cracker You should have put the "surprise smiley" to just complete my unending laughter right now.

What a Contact

DozieInc:
I dont mind at all, he is still my father inlaw...its not about the money : )

Better quit dreaming and get real!

gaskiyamagana:
More of his status from our common wealth will drop from billionaire to millionaire as long as 'SUBSIDY_SUBCHEATING' is dead
forever.

You're so on point. Most of these acclaim billionaire are cheating the masses through the so calle SUBSIDY. Theifing billionaire gbogbo!

May Almighty God deliver us frm bottomless pit buhari ve drops Nigeria to
Thank God my mum na Ghanian
Am frm Ghana nw
Movin soon
Dangote don drop? Every every'body frm poor to rich drop
Na d pooor own worst pass?
Hw can dey call man dat stole pot of soup on fire armed robber? Wen he blame ever'ytin on hardship

DozieInc:
I dont mind at all, he is still my father inlaw...its not about the money : )

Of which one?
Florence or Femi?

bussicutie:
hmmm well I assume that the opposite of rich is poor.... Even with his loans, the man isn't poor.. So yeah, I consider him as a rich man

I get your point miss

oladipo322:
Bulhari E haf finish d country

yes he has finished looters by not paying them oil subsidy for product dey did not import oil scam still fresh in our mind where is honorable farouk

If the report is true, He's still a billionaire in Naira. He's even a megabillionaire sef. 550 million dollars is several billions in Naira. Just One million dollars is nothing less than 120million naira

How will cuppy survive now.

sekem:
In essence, he lost nothing.

It's just numbers.

Money is nothing but numbers.

Exactly, in actual sense, he is not losing anything. It is the company's valuation based on the share price that has dropped, and this does not affect his bank account.

Forte Oil made a reasonable Profit Before Tax, it was just huge finance cost that affected the decline in PAT.

Really?
So na small thing he take get money pass me sef

Orikinla:
Of which one? Florence or Femi?

Nah, Temi

ALAYORMII:




Point of correction


He's still a trillionaire in Naira


Cos 1million dollars is 450million Naira if we peg $1 at #450

Your math is quite poor.