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Nairaland Forum / Nairaland / General / Business / How Dangote Sold Bank For N1.2 Billion, Shut Down Companies Over Gov't Policies (34129 Views)
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How Dangote Sold Bank For N1.2 Billion, Shut Down Companies Over Gov't Policies by Racoon(m): 12:41pm On Aug 29 |
https://www.legit.ng/business-economy/money/1610614-dangote-sells-bank-n12-billion-shuts-companies-government-policies/-Nigerian billionaire Aliko Dangote said that by entering the textile industry, his company lost billions of naira in investment 7 Likes
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Re: How Dangote Sold Bank For N1.2 Billion, Shut Down Companies Over Gov't Policies by Racoon(m): 12:42pm On Aug 29 |
Tinubu’s tribulation agbadorian economics is affecting everyone now. In-house and foreign macro-industries or establishments are just folding up with gusto because of a economy bastardized by an illiterate but certificate forging drug baron whose only claim is entitlement to a presidency he knows nothing about. Dangote and all these elites like Tony Emelelu Femi Otedola all saw this disaster and gave it support. Now the rich are also crying. 59 Likes 3 Shares |
Re: How Dangote Sold Bank For N1.2 Billion, Shut Down Companies Over Gov't Policies by Racoon(m): 12:46pm On Aug 29 |
Dangote claimed that even when former President Obasanjo then encouraged him to make investments in the textile sector, he had to decline the suggestion because of his prior experiences.Not after enjoying unlimited forex from successive government thereby expanding your business empire. 40 Likes 2 Shares |
Re: How Dangote Sold Bank For N1.2 Billion, Shut Down Companies Over Gov't Policies by CyrusVI(m): 12:46pm On Aug 29 |
Dangote sef na human Him no fit succeed for all businesses Sorry for his loss but he should not cry over this since his other businesses are booming 14 Likes 3 Shares |
Re: How Dangote Sold Bank For N1.2 Billion, Shut Down Companies Over Gov't Policies by Naijaepic: 1:40pm On Aug 29 |
But, from what was reported in that article it was an event that happened before obasanjo sic (2003 - 2007). Hence, he mentioned when obasanjo asked him to come and invest, he declined. How does Tinubulation got anything to do with that? Dangote was lamenting on past businesses that went south, and Tinubu policy was the causes? Modified: I just searched on Google now, https://ndic.gov.ng/failure-resolution/closed-financial-institutions/ Liberty bank closed down in 2006 Racoon: 64 Likes 13 Shares
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Re: How Dangote Sold Bank For N1.2 Billion, Shut Down Companies Over Gov't Policies by 22o62021: 1:46pm On Aug 29 |
He wants it too become a jack of all trades Investing in anything he sees Real investor not sabinus kind oof 5 Likes |
Re: How Dangote Sold Bank For N1.2 Billion, Shut Down Companies Over Gov't Policies by Electorate: 4:20pm On Aug 29 |
Racoon: People in Government are scared of the Dangote dynasty but instead of them to use state resources to compete with him they f.oolishly decide to deprive their people jobs out of hate for one man, They are so ignorant to the point that they don't know Dangote is not a private business owned by Dangote himself but a public conglomerate with Nigerians and Foreigners as shareholders. 20 Likes 1 Share
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Re: How Dangote Sold Bank For N1.2 Billion, Shut Down Companies Over Gov't Policies by 004gist: 4:21pm On Aug 29 |
Re: How Dangote Sold Bank For N1.2 Billion, Shut Down Companies Over Gov't Policies by 96ACE: 4:21pm On Aug 29 |
Re: How Dangote Sold Bank For N1.2 Billion, Shut Down Companies Over Gov't Policies by 004gist: 4:21pm On Aug 29 |
004gist: Allow his refinery to work.. All this media propaganda from criminals element refining oil in malta 2 Likes 1 Share |
Re: How Dangote Sold Bank For N1.2 Billion, Shut Down Companies Over Gov't Policies by YesDaddyTill203: 4:22pm On Aug 29 |
Racoon: Low IQ IPOB retard with another asinine delusional slowpoke rant. What has what happened years ago has to do with Tinubu? 75 Likes 8 Shares |
Re: How Dangote Sold Bank For N1.2 Billion, Shut Down Companies Over Gov't Policies by Racoon(m): 4:22pm On Aug 29 |
Naijaepic:Acknowledged! However companies are still folding up while potential investors are avoiding Nigeria like a plague due to Tinubu's economic catastrophic policies including policy somersault which are still affecting the economy. 4 Likes 2 Shares |
Re: How Dangote Sold Bank For N1.2 Billion, Shut Down Companies Over Gov't Policies by crestedaguiyi: 4:22pm On Aug 29 |
you would not have reached were you are if not for Northern governors and presidents support. Its actually crazy to have one of the richest men in the world come from one of the poorest nations of the world, it clearly shows usurpation 6 Likes 1 Share |
Re: How Dangote Sold Bank For N1.2 Billion, Shut Down Companies Over Gov't Policies by LegendHero(m): 4:23pm On Aug 29 |
Racoon: Lol, Dangote first sold his stake in that bank in 2002 before it eventually folded up few years later. How does that concern Tinubu? This election loss is gradually turning you guys to something else. Sha no get high blood pressure for young age. 71 Likes 6 Shares
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Re: How Dangote Sold Bank For N1.2 Billion, Shut Down Companies Over Gov't Policies by trevorlinda: 4:24pm On Aug 29 |
Dat Naija govt for u dey always turn back on anytin dat can favor Citizen 2 Likes 1 Share
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Re: How Dangote Sold Bank For N1.2 Billion, Shut Down Companies Over Gov't Policies by id4sho(m): 4:24pm On Aug 29 |
Tulumbu will sell TVC, THE NATION , OVH in the nearest future |
Re: How Dangote Sold Bank For N1.2 Billion, Shut Down Companies Over Gov't Policies by 3seriez(m): 4:24pm On Aug 29 |
22o62021: When you have excess funds like them, you are always looking for where to put the money to make more money. 1 Like |
Re: How Dangote Sold Bank For N1.2 Billion, Shut Down Companies Over Gov't Policies by YesDaddyTill203: 4:26pm On Aug 29 |
Naijaepic: He's just like that lunatic in Canada. The loss to Tinubu will hunt them and their unborn generations for decades to come. He's nothing but another low IQ dumbest IPOB retard. 68 Likes 7 Shares |
Re: How Dangote Sold Bank For N1.2 Billion, Shut Down Companies Over Gov't Policies by Racoon(m): 4:26pm On Aug 29 |
LegendHero:Agreed! Meanwhile is the Nigerian economy doing great under Tinubu the CSU certificate forger and drug baron? Yes or no? 1 Like 3 Shares |
Re: How Dangote Sold Bank For N1.2 Billion, Shut Down Companies Over Gov't Policies by zelnababa(m): 4:27pm On Aug 29 |
Racoon:did you read the headline only or you dont understand the post? 27 Likes 4 Shares |
Re: How Dangote Sold Bank For N1.2 Billion, Shut Down Companies Over Gov't Policies by Racoon(m): 4:28pm On Aug 29 |
zelnababa:Why is Dangote crying of what happened many years ago now? While he was enjoying unlimited access to government forex, he has been quiet until Tinubu’s agbadorian economics started affecting everything around him. Then boom! He started singing like a canary. Is that not hypocrisy? 3 Likes |
Re: How Dangote Sold Bank For N1.2 Billion, Shut Down Companies Over Gov't Policies by OhBritannia(m): 4:28pm On Aug 29 |
The problem with a black man in Africa is that he wants to become a jack of all trade, he alone wants to rule everything thereby not allowing others to rule and this is why Africa is backwards today. The white man or woman will have for example a kerosene factory and that factory will become a family heritage for generations to come, they will be known as the billionaire kerosene empire. This means other whites will have to build empires with other diferent products and industries, thereby the circulation of wealth is distributed. But in Africa, one man wants to have it all. Greed is why Africa is still a 3rd world continent because i don't understand how and why dangote wants to own a bank. 9 Likes |
Re: How Dangote Sold Bank For N1.2 Billion, Shut Down Companies Over Gov't Policies by Bhella5(m): 4:28pm On Aug 29 |
Naijaepic:He is a raccoon. They barely see. No surprises here. 17 Likes 2 Shares |
Re: How Dangote Sold Bank For N1.2 Billion, Shut Down Companies Over Gov't Policies by mrkings84(m): 4:28pm On Aug 29 |
By the tinubu finishes with him..... 1 Like 1 Share |
Re: How Dangote Sold Bank For N1.2 Billion, Shut Down Companies Over Gov't Policies by Akinboboz(m): 4:29pm On Aug 29 |
Racoon: How does it related to this very article sir mrkings84:Read again sir. Racoon: Nah today companies dey shut down?, maybe you don't know things were extremely bad even before the present administration,I can count hundreds of companies left Nigeria during Jonathan and baba Bubu era sir....so ,we only needs to admonish our lead to create a favourable environment for business to succeed.....come to think of it... Tinubu is the president but he doesn't makes policies alone....when would you hold your governor, senators responsible for all these calamities and moreover ,are you aware that there are some elements that might not want to allow some certain policies to come to fruition . 14 Likes 3 Shares |
Re: How Dangote Sold Bank For N1.2 Billion, Shut Down Companies Over Gov't Policies by Racoon(m): 4:30pm On Aug 29 |
Akinboboz:Are companies shutting down and leaving Nigeria under this disaster of a man or not? 1 Like 1 Share |
Re: How Dangote Sold Bank For N1.2 Billion, Shut Down Companies Over Gov't Policies by Goodnewsforlife: 4:31pm On Aug 29 |
Racoon:u just don't have sense U make comments on things u know nothing about, dangote who wishes to monopolise every sector of the economy with the approval of the northern cabal is who u are now supporting cos u hate tinubu The same dangote that always want Nigeria to fund everything he does despite d fact that our politicians stole our money to invest in his business always Ask yourself how much emefiele sold dollars to dangote when people were suffering on d street If not for madness of our political elites, imagine a whole country waiting for a man to finish his refinery before we move on with our lives n u feel all is well? D money invested in his refinery can b used to fix ours but what will our politicians gain? Dangote can only thrive where d government is killing other businesses for him, imagine him trying to stop bua from producing? But u won't see all these, since u hate tinubu n must always criticize the government 9 Likes 2 Shares |
Re: How Dangote Sold Bank For N1.2 Billion, Shut Down Companies Over Gov't Policies by Caskdoe: 4:31pm On Aug 29 |
Racoon:Stop your ranting. Dangote wants to monopolize everything in Nigeria. 9 Likes 3 Shares |
Re: How Dangote Sold Bank For N1.2 Billion, Shut Down Companies Over Gov't Policies by Ikumapkayi: 4:31pm On Aug 29 |
Racoon: Hate destroys. The more you hate a man, the more God shows the man mercy. This is what many of you who hate Tinubu don't know. Go and read the story of Jacob's family when he married Leah and Rachel. 8 Likes 2 Shares |
Re: How Dangote Sold Bank For N1.2 Billion, Shut Down Companies Over Gov't Policies by Caskdoe: 4:33pm On Aug 29 |
3seriez:No. Dangote is monopolizing everything in Nigeria. Emefiele gave him dollars at cheaper rate and loan him money. Have you ever heard where a central bank of a country is lending money to an individual 5 Likes 2 Shares |
Re: How Dangote Sold Bank For N1.2 Billion, Shut Down Companies Over Gov't Policies by Bhella5(m): 4:33pm On Aug 29 |
Racoon:This election loss pain you gaan ni so much you can not read and comprehend a straight forward write up. I hope you survive the next impending loss because e sure me say you go loose again you and that Amaka. Enkr 13 Likes 4 Shares |
Re: How Dangote Sold Bank For N1.2 Billion, Shut Down Companies Over Gov't Policies by YesDaddyTill203: 4:34pm On Aug 29 |
Racoon: A blind hypocrite from the place where drug criminals are hailed and worshiped is calling someone who has no record of drug dealing a drug baron. These are the kinds of delusional irrational and asinine imbeciles that the election loss has produced in the SE of Nigeria. 12 Likes 5 Shares |
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