₦airaland Forum

chimex38:
Lol..
only me Oga
only me Chinedu
only me PR..

GTB OS increased by just 25% the least of all Banks.
WEMA by 100%.

I never indicated you condemned the bank Ooo.

Focus is on the dividend.
I am only drawing our attention to other reasons,so we don't become too optimistic on banks based on GTB but rather understanding and have conservative expectations.
If they surprise us, that's fantastic.

Pardon my further "TURENSHI" in the spirit of Happy Easter you wished me...

Have a Graceful Easter holidays as well.

More than 100 percent dividend yield for investors that bought WEMA Bank around ₦1!

chimex38:
This table you are shaking..

ACCESSCORP is the biggest and best bank in Nigeria.

chimex38:
Lol. Sometimes, when you dream too much, you begin to have headache...
Shows there might be an exaggeration on the dream

It is good to dream!

By 2041,I will be operating in multi billion Naira.

jonnysessy:
This your example sweet me die. You would have used an example i fit afford. Say buy N500 thousand of ACCESSCORP in 2026 to gain N500 thousand dividend in 2041.

This was exactly why I left a group i joined. The guy will always say if you have invested 1 million naira in a particular stock, you would have made so so and so after appreciating by 40% as if who doesn't own 1 million naira doesn't invest.

I only write figures that give me inspiration.

jonnysessy:
Mr EDUECO you mean i will have to wait 2041 to reap my benefits of ACCESSCORP. This is interesting.

This is what I call looooooooooooooooonnnnnggggggg term holding.

How will you feel,if you bought ₦400 million worth of ACCESSCORP in 2026; and in the year 2042 you collected ₦400 million as dividends for 2041 financial year?

Omo

Mankind2024:
Ki oju ma ri ibi, mo sa 100m sprint comot asap!
I exit Ellah Lakes at peak of the hyperbolic curve — clear N24M profit wey dey make body sweet, transaction cost no even shake am.
I no gree make dem use me as liquidity pawn.🤩🤩🤩🤩

You did the right thing!

Mankind2024:
CHUKA MORDI’S TOTAL COLLAPSE AT ELLAH LAKES PLC – BROKEN PROMISES, N235 BILLION PUBLIC OFFER DISASTER, AND THE BETRAYAL OF NIGERIAN INVESTORS.
In 2019, Mr. Chuka Mordi, the former Director of Telluria Farm, was appointed CEO and Managing Director of Ellah Lakes Plc.
In his maiden address and grand strategic plan for the company, he peddled these lofty but now utterly failed dreams:
To start paying dividends by 2023.
To list the company on the London Stock Exchange (LSE).
To transform Ellah Lakes into a N1 trillion powerhouse.
To commission a 1,000-ton mill.
To aggressively diversify operations across West Africa.
Every single objective this man personally set for Ellah Lakes has been failed woefully – a complete and spectacular disaster on all fronts.
In my previous review and open letter to Mr. Mordi, I warned that he appeared to be toeing the exact same reckless path as his kinsman, the Tingo Farms owner, who shamelessly listed a nonexistent agrofarm on the NYSE before that bubble burst in disgrace.
Now, after Mr. Mordi squandered over N1.7 billion on a botched public offer (the ambitious N235 billion raise that crashed and burned without meeting the minimum subscription threshold), it is crystal clear: he has bitten off far more than he can chew.
People like Mr. Mordi are the primary reason for the deep-seated investor apathy plaguing the Nigerian Exchange (NGX). Retail investors have repeatedly been used as pawns to pump liquidity and prop up share prices, while Mr. Mordi and his criminal gang were busy offloading billions of Ellah Lakes shares without filing the required insider reports.
I can already see the SEC and NGX moving to deregister this company – and rightly so.
What a once-in-a-lifetime opportunity completely wasted by Chuka Mordi, the mysterious CEO whose date of birth remains invisible in the public domain. Nigerian investors, take note: this is what happens when unchecked ambition meets zero delivery.

Mordi and his gang are social media farmers!

I hope you didn't invest in the ponzi(Ellah lakes)?

Where is Oando and Ellah Lekos on the list?

ACCESSCORP is the gold standard of Nigerian banking industry and not Zenith Bank or GTBank!

By 2041 you will remember this my post.

[quote author=debeey87 ;Dpost=138970843]even chuka sold over 300m units [/quote]The guy man done cash out!

Agbalowomeri:
Waoh ACCESS final dividend N5

So Wigwe wan dey pay like Abacha. Wonder shall never end

https://doclib.ngxgroup.com/Financial_NewsDocs/45947_ACCESS_HOLDINGS_PLC-CORPORATE_ACTIONS_APRIL_2026.pdf

I think this is fake!

He is pranking you.

nosa2:
You go see 3 bedroom house for London for 500k pounds. Not to talk of the compounding nature of these investments.

I am willing to bet that most of these properties were bought by a family office and he doesn't know 98% of them.

Very likely.

Valthegreat:
Hmm! This your logic didn't follow a logical pattern abi na my Philosophy lecturer no teach me well.
Since Sky Bank acquired Afribank and died afterwards. Then Access Bank that acquired Intercontinental and Diamond will collapse for CBN to take over and rename them Sign Post Bank. LWKMD
Abeg na only logic i dey analyse.

I was once a client of Skye bank and I knew it will fold.

I was once a client of First bank and it has the signs of a bank that may fold up before 30 years.

mikeapollo:
I don't understand your comment.
Somebody said he is not seeing the price of Access on the equity list and I told him Access is selling around N26. And I jokingly asked him if he was feeling dizzy.
So many folks here have Access in their portfolio, even if they are making fun just to amuse ourselves. I just finished loading my units last week.

Now I know.

nosa2:
And he will have other investments aside from AccessCorp, investments like foreign real estate.

Certainly!

Skype Bank acquired Afribank Bank and died. Skye Bank was later taken over by CBN it is now called Polaris Bank.

Access Bank acquired Intercontinental and Diamond Banks.

I am very sure Access Bank will acqure First Bank one day!

leo1234:
Wigwe was a great man.

An excellent business man and I admired him a lot. But he is not a Saint.

You're right!

nosa2:
I am really not understanding. Did auditors find fraud in the company books?

So every rich man in Nigeria is a thief

In US Dollars,Jim Ovia earned more than 20 million as dividends for 2024 financial year from Zenith Bank; and this money can buy 20 properties in London.

talk2me2:
My dear, there is need for a prove. The same man that was simply acquiring moribund banks both in Nigeria and outside Nigeria for Access bank and still continue to grow profits the bank year in year out. Why can't he do something similar for himself.

He under estimated Wigwe!

mikeapollo:

Are you dazed already?
Access is oscillating around N26

Why are you so concerned about ACCESSCORP that will pay dividend for 2025 financial year?

You should be concerned about Last Bank (First Bank) that won't pay dividend,but the stock price has been pump from ₦30 to ₦52.

Bovis:
Oga pls stop making excuses for the grand scale corporate greed of Wigwe and Ogbonna. We also found out last year that Roosevelt Ogbonna (the current CEO) bought a £15 million property on London billionaires Row. I believe Access bank shareholders are the rightful owners of all those London properties

The regulator in conjunction with the EFCC should pressurise the UK government to apply for an Unexplained Wealth Order (UWO) to recover those properties asap

ACCESSCORP has paid annual dividends for the last 20 years; so ACCESSCORP is not FirstHoldCo with recent poor dividend history.

Like I wrote in one of my posts, management of companies make good money by inflating cost of doing business just like politicians inflate the cost of contracts or projects.

leo1234:
Keep believing


I know you also believe in our current politicians.

Nigerian politicians na confirm thief them be.

nosa2:
Leave Nigerians and their poverty driven pull him down syndrome

Wigwe is definitely a billionaire in US Dollar and likewise Jim Ovia and Tony Elumelu.

nosa2:
It will resurrect in Heaven

Maybe by 2056.

Agbalowomeri:
Nothing else but money laundering. I am sure most of those properties didn't make it to his will

Don't forget he is a billionaire in US Dollars.

Maybe he partly acquired the properties through the proceed of bank loans.

Wigwe na big name dead or alive.

isaacosas01:
I looked at their AFS 2025 and they made profit, plus they have the lowest PE ratio in the insurance sector. I’m just thinking now if I exit or take my small loss and run

Just a profit for one year; this is not a consistent company with respect to annual profit.

zendi:
4 million dollars is for building his Ikoyi palace and other toys, not for acquiring chunks of London with pound sterling.

We have come to condemn corruption, not to condemn the dead.

Wigwe's total annual income cannot be less than 40 million US Dollars; so he can afford those properties.

Each of these London property cost between 400 hundred thousand to 3 million US Dollars.

Maybe,he partly purchased these properties with bank loans and the properties will serve as collateral for the loans .

isaacosas01:
I bought UNIVINSURE last week because it was down.

This morning it has gone down a further 5%.

Many of una think say stock investment na baba ijebu lotto?

UNIVINSURE is basically a dead company.

ppogba:
Eskis Sir, you are too much than this.
Though we all are entitled to our opinions, but in all honesty, Some of them are laughable. This is one of them.
Justifying the purchase of over 100 houses with a yearly dividend of $4m? Haba!.

Oga, let us talk about FUGAZ results being awaited of Dangote Refinery listing abeg.

No vex sir.

I believe he had other shares of other Nigerian or foreign companies.He likely had other side businesses unknown to you and me .

Even though he was never in the official Forbes billionaire list; Wigwe is/was a billionaire in US Dollars.

Agbalowomeri:
Assets in billions of dollars you dey talk $4m. Multiply $4m by the number of years ACCESS has been in existence

Una think say money easy to make like that Lol

106 London properties cannot be worth more than 400 million US Dollars.

Properties around Oxford street in London is worth at most 3 million US Dollars.

Some of the London properties will be worth between 400 and 600 thousand US Dollars.

Agbalowomeri:
Assets in billions of dollars you dey talk $4m. Multiply $4m by the number of years ACCESS has been in existence

Una think say money easy to make like that Lol

He has other income streams.

Or probably from cost of doing business(even company like Dangote Cement inflates cost of doing business). Inflating cost of doing business is done by most profit and loss making companies annually.

leo1234:
@EDUECO is a patient investor.

Wigwe made more than $US 4 million from ACCESSCORP dividends annually.

Do you even know the power of 4 million dollars?

He could have acquired those London properties mostly from the proceeds of his annual dividends.

The USA is over rated !

China is the now and the future.

China has impacted my life more than the USA.

The USA is an Agbero country .