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Nairaland Forum / Nairaland / General / Religion / Oyedepo: Wealthy People With ₦1bn Worth, But Owing Banks ₦10bn Are Stupid (38997 Views)
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Re: Oyedepo: Wealthy People With ₦1bn Worth, But Owing Banks ₦10bn Are Stupid by DamnnNiggarr: 1:39am On Mar 14, 2022 |
uche92:is it advised for a country to engage in printing of cash as a means of generating revenue?? That's the bone of contention here. Though, I'm not an economist as I stated earlier but encountered it in my early years in the university. Just that I'm good at what I do. None of my course mates(QUS) can remember 2/10 of what I just stated up there. |
Re: Oyedepo: Wealthy People With ₦1bn Worth, But Owing Banks ₦10bn Are Stupid by Perfectbeing(m): 1:53am On Mar 14, 2022 |
I don't know why people pride themselves that they don't owe any body a dime.. So a man that earns 50 salary and isn't owing anyone a dime is now better than Dangote that's owing billions of dollars? |
Re: Oyedepo: Wealthy People With ₦1bn Worth, But Owing Banks ₦10bn Are Stupid by Perfectbeing(m): 1:59am On Mar 14, 2022 |
Czario:But ask yourself, would you want to be a slave billionaire like Dangote who owes billions of dollars or you'd want to be a non slave poor man who owes nobody nothing? |
Re: Oyedepo: Wealthy People With ₦1bn Worth, But Owing Banks ₦10bn Are Stupid by Perfectbeing(m): 2:09am On Mar 14, 2022 |
skj1377:That's what risk is.. Can you call yourself smarter than Dangote cos you haven't borrowed more money than your worth of a business that if it claims will make you 50 times richer? |
Re: Oyedepo: Wealthy People With ₦1bn Worth, But Owing Banks ₦10bn Are Stupid by huptin(m): 2:15am On Mar 14, 2022 |
Johnboom: Because then the value of naira will go down! Law of demand and supply at play. But if Nigeria prints naira to give to local producers who will only use locally sourced raw materials and then export the finished goods it will have the opposite effect especially if the exported goods was paid for with dollars. I know it's a little complex to decipher but you can do more research. Dollars being the base currency of international trade confers so many privileges on the United states that most other countries do not have. 1 Like |
Re: Oyedepo: Wealthy People With ₦1bn Worth, But Owing Banks ₦10bn Are Stupid by awoluyi(m): 2:33am On Mar 14, 2022 |
The man described by pastor Oyedepo in this post is definitely not a billionaire, as he is surely insolvent. It is very clear that the man's financial acid-test (quick ratio) is less than 1, in fact it's about 0.1. This man should best be said to be bankrupt. But in a society like ours where accountability doesn't matter much, such a man will be living a fake billionaire's life style. A list of AMCOM's debtors will show you names of pseudo billionaires in Nigeria. |
Re: Oyedepo: Wealthy People With ₦1bn Worth, But Owing Banks ₦10bn Are Stupid by uche92(m): 3:54am On Mar 14, 2022 |
There are a number of reasons why the US can accumulate debt to this extent: 1. Their interest rates are low and their GDP growth rate is high which means that they can keep their debt to GDP ratio at least constant or reducing. What this mean in essence is that they are easily able to refinance their debts. 2. The US serves as a global banker to the world. A major reason the US has a trade deficit is because investors from all parts of the world are the US financial and stock markets as secure and with very high ROIs and so this means they keep pouring money and investments into the Us economy which results in the negative trade deficit. The US takes that debt liability from other emerging and developed markets and turns it into riskier equity asset investments in less developing countries. Some times it works out and some times it doesn’t. Overall new investment means capital growth and returns which goes back to finance debt and grow the economy. 3. The US dollar is the main fiat currency used as a transactional basis in all markets around the world. This means that when the dollar depreciates, their debt becomes cheap and they can more easily refinance that but vice versa when the dollar appreciates, you can think of it as transferring wealth to their creditors. Just like any corporation, country or bank runs a balance sheet where assets = liability + equity, the US is able to do the same using low equity to create growth and finance their liabilities by using sound strategic economic and investing policies DamnnNiggarr: |
Re: Oyedepo: Wealthy People With ₦1bn Worth, But Owing Banks ₦10bn Are Stupid by osmobil5(m): 4:32am On Mar 14, 2022 |
DamnnNiggarr:You are so detailed and explicit in your explanation....thanks so much |
Re: Oyedepo: Wealthy People With ₦1bn Worth, But Owing Banks ₦10bn Are Stupid by emmaodet: 5:16am On Mar 14, 2022 |
DamnnNiggarr: I understand you very well but what if after the govt pumped more money into the system, it produces more producers who now produce more books or bags of rice etc Is that not a boost to the economy? |
Re: Oyedepo: Wealthy People With ₦1bn Worth, But Owing Banks ₦10bn Are Stupid by AbdlRashid(m): 5:58am On Mar 14, 2022 |
FalseProphet1: That is not Mr Dangote owing the banks, it's Dangote Group of companies that is owing. His company is different from him. |
Re: Oyedepo: Wealthy People With ₦1bn Worth, But Owing Banks ₦10bn Are Stupid by Kay25(m): 6:44am On Mar 14, 2022 |
Amotolongbo:And u who is well educated can go look at Info's that is in public domain to know that dangote is not the sole financier of it what a shame to your knowledge ..a disaster to whoever taught you and brought u up |
Re: Oyedepo: Wealthy People With ₦1bn Worth, But Owing Banks ₦10bn Are Stupid by Ochelyko1: 7:25am On Mar 14, 2022 |
JohnSP99: Let me ask u dat have sense! Those that borrowed billions in bank did they borrowed it to live a flashy life? Without investing or going into business? How is it possible for bank to borrow you 10billions naira without showing proof of what u want to do and if it will be beneficial to you in order to pay back the loan? Maybe you should try and go to the bank to borrow loan so dat u will know how is done. People borrowed loan to invest in a business not to live a lavish life. It is when the business goes wrong dats when the bank comes looking for their money. I thought u were educated? But it seems you and your Papa are just not educated at all. And you know what ur papa says is not even possible accordingly to ur analogy. Well I will not blame you nor your Papa Dangote is borrowing to build a refinery's dat is far what is net Worth. So Dangote is owning bank alot of billions of dollars that is more than is net Worth so is Dangote a foolish man? Even in his debt he is still richer than your Papa in billions of dollars so your Papa is the one that is foolish because innocent people and the gullible ones like you made him to be Rich today, not hardwork or bank loan but fraud using the name of our God. |
Re: Oyedepo: Wealthy People With ₦1bn Worth, But Owing Banks ₦10bn Are Stupid by Ochelyko1: 7:30am On Mar 14, 2022 |
Popjoan1: You speak like the Muslim you are! My Messiah birth was base on prophecy and also he was a little baby when the gift was presented to Him. How can you be so dumb to expect a baby to reject or even accept the gifts? What part of religion allowed a baby to accept and received gifts? When you are a baby did u know those who came to give your sorry ass diaper? Why didn't you reject it den? Sometimes foolishness is not about doing foolish things but some questions and reasoning sound foolish especially when is coming from someone like you. |
Re: Oyedepo: Wealthy People With ₦1bn Worth, But Owing Banks ₦10bn Are Stupid by Burruchaga71(m): 7:38am On Mar 14, 2022 |
Dangote and Tunde bakare hope you are listening |
Re: Oyedepo: Wealthy People With ₦1bn Worth, But Owing Banks ₦10bn Are Stupid by huptin(m): 7:38am On Mar 14, 2022 |
emmaodet: If those goods are going to the international market it will earn more dollars, which can then be channelled into either procuring the equipments or machineries needed to produce the other goods or if you prefer the lazy way out, simply import them. 2 Likes 1 Share |
Re: Oyedepo: Wealthy People With ₦1bn Worth, But Owing Banks ₦10bn Are Stupid by AwealthDRL: 7:51am On Mar 14, 2022 |
FalseProphet1:because na food e use the money chop abi. |
Re: Oyedepo: Wealthy People With ₦1bn Worth, But Owing Banks ₦10bn Are Stupid by PrimadonnaO(f): 8:14am On Mar 14, 2022 |
BluntTheApostle: How can you say he's not passionate about winning souls? What do you know? Winners' Chapel is one of the most deliberate pentecostal churches when it comes to soul winning, and evangelism. And about the other aspect, he's not boastful, your perspective of his intentions is simply different. He's painting his life example as a demonstration of what God can do... unequivocal faith in God. He talks about his health challenge... his wife's health challenge... and how God came through. He talks about days when he was a dedicated disciple of Hagin and Copeland... The days when the church had but 4 members... But it's only the talks of wealth you remember. Why? |
Re: Oyedepo: Wealthy People With ₦1bn Worth, But Owing Banks ₦10bn Are Stupid by SmartPolician: 8:33am On Mar 14, 2022 |
Olaideolayemi: Huncle, happiness goes beyond having lots of money in one's account. Happiness truly comes when you have peace of mind. If you are owing banks millions of naira and they are calling you every day to ask for their money, sleep will elude you. Yes, we don't have a lot, but we are better than those people because we have peace of mind. |
Re: Oyedepo: Wealthy People With ₦1bn Worth, But Owing Banks ₦10bn Are Stupid by Czario: 8:46am On Mar 14, 2022 |
Perfectbeing: Of course everyone would like a huge networth on paper that affords them almost unlimited lines of credit. That alone is a rare kind of freedom. 1 Like |
Re: Oyedepo: Wealthy People With ₦1bn Worth, But Owing Banks ₦10bn Are Stupid by Allisgud: 8:52am On Mar 14, 2022 |
Dat one is a normal something,it depends on where the u put the money, for example the dangote u people use for example that refinary is a borrowed money by the time it started yielding return |
Re: Oyedepo: Wealthy People With ₦1bn Worth, But Owing Banks ₦10bn Are Stupid by Amotolongbo(f): 9:00am On Mar 14, 2022 |
Kay25:Oh, reading and understanding is a problem! Definitely, animals raised you. |
Re: Oyedepo: Wealthy People With ₦1bn Worth, But Owing Banks ₦10bn Are Stupid by Eazzywy90(m): 9:11am On Mar 14, 2022 |
Thanks. It's very clear now. DamnnNiggarr: |
Re: Oyedepo: Wealthy People With ₦1bn Worth, But Owing Banks ₦10bn Are Stupid by Strongbest(m): 9:52am On Mar 14, 2022 |
Realhommie: How many of his messages have you listened to? Answer this with all sincerity. Secondly, below is his call; "Now the hour has come to liberate the world from all oppressions of the devil through the preaching of the word of faith, and I am sending you to undertake this task" And his messages have never been different or far from the above. Lastly, just before you say what you don't know again, go and read more about how the church started and about his life generally. I am an evidence of the reality of this man's call and it it's painful that people allow themselves to be used by the devil to say rubbish and spread lies about this man, don't be one of them. |
Re: Oyedepo: Wealthy People With ₦1bn Worth, But Owing Banks ₦10bn Are Stupid by BigYash: 9:52am On Mar 14, 2022 |
FireUpNow:The one when them say he borrow money take build church nau.. Ofcourse,that was what I stated in my previous comment too... |
Re: Oyedepo: Wealthy People With ₦1bn Worth, But Owing Banks ₦10bn Are Stupid by Realhommie(m): 10:03am On Mar 14, 2022 |
Strongbest:Countless number of his messages i have listened to. I was a dedicated member for 6 years and now when i look back i just ask myself what i was doing there that long. Let me ask you the evidence of the reality of his call you speak of? And please tell me the lie that i stated against him, will you? I said most of his messages are about wealth and prosperity, infact that is the call. It's about material wealth to the average member of that organisation, it is very evident in their everyday living and their mentality. The average Winner will do anything for money, because to their understanding that is the evidence of God's glory in their life. And whatever bishop does or say must be the correct thing, because he is infallible, right? Dey there dey follow and worship man of God, no follow God you hear... |
Re: Oyedepo: Wealthy People With ₦1bn Worth, But Owing Banks ₦10bn Are Stupid by Tonytonex(m): 10:18am On Mar 14, 2022 |
Ochelyko1:. I stopped reading your comment from baby. OYO is your case. |
Re: Oyedepo: Wealthy People With ₦1bn Worth, But Owing Banks ₦10bn Are Stupid by aycorporat(m): 10:23am On Mar 14, 2022 |
Eriokanmi: Waooooo. I'm hearing this for the first time. So Chief Sunny Odogwu died a debtr? Sometimes, not all we see on the outside truly glitters 1 Like |
Re: Oyedepo: Wealthy People With ₦1bn Worth, But Owing Banks ₦10bn Are Stupid by Ochelyko1: 11:43am On Mar 14, 2022 |
Tonytonex: Bye Baby! Go and meet your Papa oyedepo. |
Re: Oyedepo: Wealthy People With ₦1bn Worth, But Owing Banks ₦10bn Are Stupid by Strongbest(m): 11:47am On Mar 14, 2022 |
Realhommie: Countless? State the title of such messages or keep quiet! You were never a member, simple. I see that responding to your mention is like pouring water into a basket.......if you fail to mention the title of the messages, don't mention me. |
Re: Oyedepo: Wealthy People With ₦1bn Worth, But Owing Banks ₦10bn Are Stupid by Popjoan1: 1:18pm On Mar 14, 2022 |
Ochelyko1:sorry babarian,I'm Jewish,not a Muslim.... |
Re: Oyedepo: Wealthy People With ₦1bn Worth, But Owing Banks ₦10bn Are Stupid by Realhommie(m): 2:06pm On Mar 14, 2022 |
Strongbest:You're funny. So i have to start mentioning messages? Dude i said i was a member 6 years. I even started attending Shiloh 4 years before i joined in late 2014. If you like believe it or not that's your headache. Anyone could source his materials online so why would you ask me to state title? You can keep being a member, that's your biz. I'm pro Christ and not one church. The church didn't even exist 40 years ago, common. When he emphasizes on wealth and then people get desperate to make the money what do you think will happen to their salvation? What did Jesus say about earthly riches, and Apostle Paul in Timothy too? Yet some people still glory in earthly possession. |
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