Obateru oil....
5bn huge oo...
No wonder Ecobank closed some branches, the money can uphold 3 branches

inoki247:
maybe when Nigeria no fit pay back Chinese loan na so Court go say mak dem sell the country.

You are very correct. Key assets of national importance would be taken by the Chinese govt. e.g Airport, Refineries, Seaports, Oilwells.

Odkosh:
No nnewi man get 2billion, stop your lies

Seriously?
E money nko

Obat is a useless king. He's said to be the richest King in Nigeria and 3rd in Africa... Meanwhile his village, Ugbo, ilaje, in Ondo state riverine area, has no electricity for donkey years....His village also has no portable water. Yet his local government is the oil producing area in Ondo state and the whole of Yorubaland. He sits on billions of oil money
.
Imagine what 5billion can do for his village......Very useless king

comshots:
And I dey look for #500k to take hire shop and start my own business I no banks no dey give real investors loan.E fit be say the oba know the bank md that is why them dash am the money.

Banks do not finance shop hiring but they can finance importation of goods to be sold. Be creative again and present a bankable proposal. Your case is like asking a bank for a loan to pay for a house rent.

SocialJustice:
Nigerian big men and fake wealth. Either they became rich through loan they refused to pay or economic sabotage. No brain to actually innovate to make sustainable money.

Let’s just say they’re no Elon Musk!

Aswear

damoceile:
This is how Nigeria would eventually be sold and shared among the countries we are owing

merits:

Life is full of up and down.learn to stay strong man.

First to comment I don't believe this.

Since you don mekam for life. Abeg fine me 5k make I use Sub!

SocialJustice:
The one surviving on its own at some point gets destroyed by government directly or indirectly.

Fact!!!

rottable:
For a common businessman to get a loan of 1million na war

Bank director no be their paddy na.

comshots:
And I dey look for #500k to take hire shop and start my own business I no banks no dey give real investors loan.E fit be say the oba know the bank md that is why them dash am the money.

may I ask what kind of business. it's ok if you don't want to answer. good evening

Odkosh:
No nnewi man get 2billion, stop your lies

You must be mistaking Nnewi with your village people..

So sad

nedekid:

Seriously?
E money nko

E money is not from Nnewi..
Moreover E-money would not be in top 50 in Nnewi..

ugofulfilled:


may I ask what kind of business. it's ok if you don't want to answer. good evening

Sorry,I no dey online.I be phone repairer.I don buy all my tools.Rework station,screwdrivers,screen seperating machine and battery booster.Na where to stay and work be my challenge.

Focusmind:


Banks do not finance shop hiring but they can finance importation of goods to be sold. Be creative again and present a bankable proposal. Your case is like asking a bank for a loan to pay for a house rent.

Na only Wetin I dey find be that.

Hello Obat call Aketi.... Him get money. Covik-19 money or im fit borrow you

DarkJeddi:
E money is not from Nnewi..
Moreover E-money would not be in top 50 in Nnewi..

Lol, I was just being sarcastic

comshots:
Na only Wetin I dey find be that.

I wish you all the best bro. It is really tough out there. More success to your hustle.

SocialJustice:
Nigerian big men and fake wealth. Either they became rich through loan they refused to repay or economic sabotage.

No brain to actually innovate to create sustainable wealth.

Na the guy innovation be that ooo

michlins:
All these banks and there love for dashing money around. Many SME are in dire need of funding but they will gladly give the money to someone who wants to flex his concubines and buy more cars for his convoys

thank you

It is unwise to take a considerable amount of debt that you can't pay.

And I hear say the man just buy Brabus 700 worth about 300m last year! Inside life.

Most Nigeria Business persons have not read the book
A Man In Full, by Tom Wolfe

Could this be the aftermath of allegedly dishing out hundreds of millions to Toke Makinwa?

Who will buy d hotel 5b

Even sheraton or ibis is nt upto 5b

Quality foot wear for cheaper rate just what's App me for it 08135338494

ijustdey:
The bank says the company reneged on its promise to sell the hotel and pay the N5 billion debt on or before December 31, 2019.



https://www.premiumtimesng.com/news/top-news/435422-court-orders-sale-of-obat-oils-hotel-to-offset-n5-billion-debt.html

5 billion gini?

This Obat Hotel building from inception have been a subject of dispute. When it was built, it was Russell Center, then a law suit came up and it awarded to someone (have forgotten the name), all of a sudden we started seeing OBAT hotel.

Wahala be like bicycle shaa.

sapientia:
See madness

You are owing

You have agreed that the hotel could be sold.

Why not join the third party to the suit if you feel it's a scam.

Clowns.

Go school

oka4ugoo:
When you see them flex you go think say dem gather but when you come closer you go understand na bank money dey float them.

Lesson
Slow and steady you go get there but when you enter a deal for quick and fast money come borrow money to make a huge profit it usually end in premium regret.

keep shut coward.....the more balls u gat d more money you make.
stop spitting rubbish, fear of tears is wat is keeping u poor. take risks and leave poverty today!!!!

True, a good number of Nigeria's big men aren't seriously indebted.