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Nairaland Forum / Nairaland / General / Religion / Oyedepo: Wealthy People With ₦1bn Worth, But Owing Banks ₦10bn Are Stupid (39013 Views)
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Re: Oyedepo: Wealthy People With ₦1bn Worth, But Owing Banks ₦10bn Are Stupid by tempest01(m): 10:01pm On Mar 13, 2022 |
Batam: You are not making sense. What do you mean by "corner common man's paltry savings?" Has common man gone to the bank to withdraw his savings and they tell him "sorry, a "rich man" has cornered it?" |
Re: Oyedepo: Wealthy People With ₦1bn Worth, But Owing Banks ₦10bn Are Stupid by Teymanhenry(f): 10:06pm On Mar 13, 2022 |
Says someone who emanates wealth from poor peoples offerings, tithes and other donations. He is truly smart |
Re: Oyedepo: Wealthy People With ₦1bn Worth, But Owing Banks ₦10bn Are Stupid by Bbbw: 10:11pm On Mar 13, 2022 |
Re: Oyedepo: Wealthy People With ₦1bn Worth, But Owing Banks ₦10bn Are Stupid by MuteMute(m): 10:20pm On Mar 13, 2022 |
Focus on drawing ppl to Christ No b yur whalahi |
Re: Oyedepo: Wealthy People With ₦1bn Worth, But Owing Banks ₦10bn Are Stupid by Ashaolutaiwo45(m): 10:25pm On Mar 13, 2022 |
No cap... man of wisdom �� |
Re: Oyedepo: Wealthy People With ₦1bn Worth, But Owing Banks ₦10bn Are Stupid by kaymart: 10:25pm On Mar 13, 2022 |
Khaysee:Another Brainwashed somebody (ABS) |
Re: Oyedepo: Wealthy People With ₦1bn Worth, But Owing Banks ₦10bn Are Stupid by Nobody: 10:28pm On Mar 13, 2022 |
tempest01:Banks like Savanna, All States Trust and other banks that collapsed, how many of their customers were able to withdraw their savings. All these savings were borrowed by these highly geared rich fellows and were not servicing it. Hence, those banks were unable to meet stakeholders obligations. If you do not know anybody that lost money, JJ Okocha case study is on the records in Savanna Bank |
Re: Oyedepo: Wealthy People With ₦1bn Worth, But Owing Banks ₦10bn Are Stupid by Saintkollyjoe: 10:38pm On Mar 13, 2022 |
Oyedepo is stupid as usual since he millions of idiots funding him. Every SS1 accounting student know as that for banks, debts to customers are assets on their books especially if the loans are not toxic. Also for the customer, the 9 billion debt is also assets if used to acquire or create money earning assets. Dangote money � is less than 1billion $ but he is owing around 15billion $. Yet all the debt is tied into his refinery and fertilizer plant which is an asset that he owns. Between Dangote and Oyedepo, who is stupid? FalseProphet1: |
Re: Oyedepo: Wealthy People With ₦1bn Worth, But Owing Banks ₦10bn Are Stupid by FireUpNow(m): 10:43pm On Mar 13, 2022 |
BigYash:Which Bakare be that? It also applies to everyday people who live above their means as well as those who steall to pay for tithes and offerings |
Re: Oyedepo: Wealthy People With ₦1bn Worth, But Owing Banks ₦10bn Are Stupid by ledaman: 10:46pm On Mar 13, 2022 |
Pastor return all the offerings you have collected, let us see maybe you will not borrow to established |
Re: Oyedepo: Wealthy People With ₦1bn Worth, But Owing Banks ₦10bn Are Stupid by Advancedman(m): 10:53pm On Mar 13, 2022 |
2mercy: Why call them wealthy they of all men most miserable. I have said let there be a day of pay your debt nationwide and see the results. Most glorified poverty stricken masquerader forming rich will eventually get back to their respective places. |
Re: Oyedepo: Wealthy People With ₦1bn Worth, But Owing Banks ₦10bn Are Stupid by Tundex911: 11:03pm On Mar 13, 2022 |
Daddy, why money money matter today again � |
Re: Oyedepo: Wealthy People With ₦1bn Worth, But Owing Banks ₦10bn Are Stupid by justmi1: 11:05pm On Mar 13, 2022 |
In reality there is no way you would owe 10x your networth; your creditors need to believe you can pay back. Ideally you should not owe more than your worth and such debt is usually called leverage if you use it to purchase income generating assets. |
Re: Oyedepo: Wealthy People With ₦1bn Worth, But Owing Banks ₦10bn Are Stupid by BetterMan247(m): 11:05pm On Mar 13, 2022 |
That's so deep analysis DamnnNiggarr: |
Re: Oyedepo: Wealthy People With ₦1bn Worth, But Owing Banks ₦10bn Are Stupid by shine12: 11:09pm On Mar 13, 2022 |
FalseProphet1: The loans are to Dangote Ltd not the man Dangote. If he were to sell the asset today he'll walk away with his billions and the new company 2ill inherit the debt. The dyanmics of big business in the 21st century mostly involves leverage/loan. |
Re: Oyedepo: Wealthy People With ₦1bn Worth, But Owing Banks ₦10bn Are Stupid by BabbanBura(m): 11:10pm On Mar 13, 2022 |
FalseProphet1: And how much will your GOs have left if you subtract the glorified extortions from brib washed members? |
Re: Oyedepo: Wealthy People With ₦1bn Worth, But Owing Banks ₦10bn Are Stupid by RealityGod: 11:11pm On Mar 13, 2022 |
Amotolongbo: But my question is how come the opportunist is still getting richer? Other peoples gift no de end Abi what kind of thing makes others keep giving you gift? Is it that easy to get people to keep sending gift? What could be the cause? |
Re: Oyedepo: Wealthy People With ₦1bn Worth, But Owing Banks ₦10bn Are Stupid by NairaMaster1(m): 11:17pm On Mar 13, 2022 |
Ayemileto: Most of them talking trash are atheists and muslims. If not what the man said is a bitter truth. |
Re: Oyedepo: Wealthy People With ₦1bn Worth, But Owing Banks ₦10bn Are Stupid by JohnSP99: 11:21pm On Mar 13, 2022 |
tempest01:Oga na wa o, why not read what he said well and come back and check this your comment again |
Re: Oyedepo: Wealthy People With ₦1bn Worth, But Owing Banks ₦10bn Are Stupid by Yusufisraelj(m): 11:22pm On Mar 13, 2022 |
Amotolongbo: You believe papa to be an opportunist? After all the contributions he has made. |
Re: Oyedepo: Wealthy People With ₦1bn Worth, But Owing Banks ₦10bn Are Stupid by JohnSP99: 11:25pm On Mar 13, 2022 |
Ochelyko1:you people don't just have sense was he talking about people borrowing to do business, or those borrowing to live a big man life, olorun mofos full this nairaland. |
Re: Oyedepo: Wealthy People With ₦1bn Worth, But Owing Banks ₦10bn Are Stupid by assholemods: 11:43pm On Mar 13, 2022 |
FalseProphet1:Is Dangote going to pay those monies from his personal pocket or from the investment he made? And your so called Oyedepo is a graduate! I don't blame him anyway, what does he know about business? Investment is not collecting people's tithe and offering and claiming to be rich. |
Re: Oyedepo: Wealthy People With ₦1bn Worth, But Owing Banks ₦10bn Are Stupid by Realhommie(m): 12:00am On Mar 14, 2022 |
Strongbest:What that guy is saying is that the Bishop's messages are majorly centred on wealth and prosperity and that's the truth. He talks too much about wealth and what it does is that it sends the wrong message to his teeming congregation. No wonder the desperation to make money among members and then come to the altar to give vain testimonies about material possessions while the congregation cheer with shouts of "I tap into this grace, etc"... That church is a money making enterprise and that is the truth. I like the fact that they have a good structure and are very organised though. |
Re: Oyedepo: Wealthy People With ₦1bn Worth, But Owing Banks ₦10bn Are Stupid by SocialJustice: 12:11am On Mar 14, 2022 |
Amotolongbo:He's condemning borrowing to consume not borrowing to invest. Dangote borrows to invest. |
Re: Oyedepo: Wealthy People With ₦1bn Worth, But Owing Banks ₦10bn Are Stupid by sonnie10: 12:23am On Mar 14, 2022 |
tempest01: Lol. This one off me. @ sorry. a rich man has cornered it 1 Like |
Re: Oyedepo: Wealthy People With ₦1bn Worth, But Owing Banks ₦10bn Are Stupid by tempest01(m): 12:28am On Mar 14, 2022 |
JohnSP99: As na only you sabi read |
Re: Oyedepo: Wealthy People With ₦1bn Worth, But Owing Banks ₦10bn Are Stupid by mastermaestro(m): 12:32am On Mar 14, 2022 |
Jossybj1984: So you too are surprised by their shocking reactions? This is why I keep saying that most Nigerians are pitifully deficient when it comes to accurate understanding of messages. A very clear message has somehow been twisted, and Dangote dragged in. He was not speaking against business loans. He was only chastising people who are indebted, yet live lavishly way above their economic means. A simple message. |
Re: Oyedepo: Wealthy People With ₦1bn Worth, But Owing Banks ₦10bn Are Stupid by tempest01(m): 12:33am On Mar 14, 2022 |
Batam: Now is this not a government and regulatory body issue? Bank deposits are insured (should be insured) NDIC is for that purpose. More recently banks were merged and minimum capital defined for banks. As an institution, you also need to do your due dilligence and back your loans with good collateral. That the regulators failed, does not mean that borrowing or lending is bad. No economy or business can grow without adequate financing If there is no one dashing you money, or you are taking from others unduly, you'll most likely need debt at a certain point to grow Except you are contented, or your legit turnover is so good or you can build slowly. |
Re: Oyedepo: Wealthy People With ₦1bn Worth, But Owing Banks ₦10bn Are Stupid by pinkasso: 12:47am On Mar 14, 2022 |
I really don't do this often but make I ask this question....how can your " Net worth" be 1 billion and you are still talking of liabilities??...now let's assume that word "Net worth" means asset...how can a company have assets of 1 billion and 9 billion liabilities?...how do you balance the books( balance sheet).. because for you to have a net worth of 1 billion your assets had to be 10billion..to cover the liabilities...and the balance 1 billion has to be equity...I say make I ask ooh.. 2mercy: |
Re: Oyedepo: Wealthy People With ₦1bn Worth, But Owing Banks ₦10bn Are Stupid by Spandau: 12:48am On Mar 14, 2022 |
Emperordynasty: See attack because of a mere man. Now what makes you different from terrorists who would slit throats because you mentioned Mohammed? So if I don't go to Winners or even church at all, is this how you can win me as a convert? Is this how Jesus Christ taught you to handle u believers? By attacking them? |
Re: Oyedepo: Wealthy People With ₦1bn Worth, But Owing Banks ₦10bn Are Stupid by uche92(m): 1:23am On Mar 14, 2022 |
There are a lot of quack “economists “ in this thread starting with this fella. GDP and external debt are two different macroeconomic figures of metric. One is a stick variable and the other is a flow variable. They are used in tandem and not for economic comparison DamnnNiggarr: 1 Like |
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