Meet 22-year-old Christopher ‘King’ Bowofade the OAU dropout who built million-dollar hedge fund
naij.com Aug 16, 2017 10:06 AM
A hedge fund company is an organisation that pools capital from investors and invest it in a several assets. It is hard to get people to put their money in anything that does not guarantee profit and it is even harder for young man who is a school dropout.

However, young Nigerian man identified as Christopher King Bowofade has surprised the world after he built a N600 million hedge fund company.

The 22-year-old who is a dropout of Obafemi Awolowo University (OAU) built his company in less than two years.

Bowofade’s hedge fund company Better Days Investment (BTD) buys and sells futures and options on behalf of 7,902 individual investors.

Meet 22-year-old Christopher ‘King’ Bowofade
Meet 22-year-old Christopher ‘King’ Bowofade the OAU dropout who built million-dollar hedge fund
Like every other businessman, Bowofade has had his share of challenges. He was rejected to study Economics twice, first as a secondary school leaver and as an Ordinary Diploma Holder.

In 2012, the young man graduated as the second best in his Conservation Science and Tourism class with a 4.41 Grade Point Average (GPA).

After his direct-entry admission into OAU to study Economics, Bowofade quickly fell in love with financial marketing, forex, futures, options and binary options.

A friend of his from Conservation Science and Tourism class, Johnson Alabi urged him to start a company and became one of the earliest investors in BTD.

With his knowledge in website designing and graphics he built the company website and they started the company. The first investors were mainly students willing to earn extra money.

In 2015, Bowofade and Alabi started out with N1 million from twenty investors and as word spread more investors joined the company.

They were so focused on the company in their 200 level that they neglected school work and ended up with low grades. Alabi had a GPA of 2.6 while Bowofade had a 1.9.

In 2016, investors started to lose interest in the company after the challenges of the Mavrodi Mundial Moneybox (MMM) affected many Nigerians.

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Bowofade said: “This was depleting our capital so much that it challenged the company’s sustainability.”

More troubles came for the young entrepreneur after he parted ways with his COO Alabi due to misunderstandings. Some of his best student-staff also left him and he was forced to sack some.

The genius decided to freeze the fund and meet up with some of his investors based in Lagos state. He organised an Investor Conference in February of this year to ask investors who had exposure of up to N30 million in BTD to trust him.

Although, Bowofade did not graduate from Obafemi Awolowo University, he would join up with the school’s Enterperneurship Hall of Fame alongside other entrepreneurs who graduated from the school like Femi Otedola and Opeyemi Awoyemi of Jobberman.

This is what they call man with vision .We all pray for our action to lead us to our visions.

A yoruba again? Na wao...... No week passes by without news about the yorubas breaking new ground. If you are part of the great yoruba tribe, or you are connected to u.s in any way,i.e by marriage be rest assured that you have found grace in the sight of God. This is the kind of news that made a prominent person (who is not a yoruba) to confess that the great yorubas are the most sophisticated tribe in Nigeria and all over Africa.

#thitocom
secondtocomment

let's forget sentiment and ignore tribal issue.
I lack the right adjective that could match the greatness of the yorubas in knowledge, culture and enterpreneurship development.
See, the truth is if you are not a yoruba, then you dnt know what you have been missing.
Unlike our noisy neighbours on this forum

Name must be checked
If to say na some tribe now

Say no to Tribalism


Good thing are Yoruba
Doing great thing, Yoruba
But
Yoruba are the best

I hate racist and Tribalism people
Why can you write something like this

But if you are not Yoruba and your wife/husband/boyfriend/girlfriend is not Yoruba
You need the combination of Pastors, Alfas and Babalawo

No Yoruba
No World

Mazeltovscotty:
#thitocom
secondtocomment

let's forget sentiment and ignore tribal issue.
I lack the right adjective that could match the greatness of the yorubas in knowledge, culture and enterpreneurship development.
See, the truth is if you are not a yoruba, then you dnt know what you have been missing.
Unlike our noisy neighbours on this forum

Yoruba... Omo karo Ojire

Yoruba the greatest no doubt.

This young man is amazing. I was looking at his social media and in 1 year he went from living poor, to wearing thousand dollar suits and traveling to Dubai. He's truly a genius of the stock market. Starting at such a young age, he's probably going to be as rich if not rucher than Warren Buffet once he reaches 60+. He might already be a millionaire in dollars.

BTD is not transparent and we investors have no idea when the funds will be released.

BTD has now become a big SCAM.

Be careful. I know someone whose 5million is still hanging till today.

They also tell a lot of lies

They said they were coming to Lagos for investors connect and we never saw their shadow. They also promised to return funds after the recovery period only for them to send a mail that they will only settle first time investors. too many twists an lies.

Be advised runaway from BTD

Thank you