₦airaland Forum

OgogoroFreak:
Lol. Story don dey enter.

Them say na delayed not denied. Lmao!!

A journey of a thousand mile starts with a step. So a journey of a 'denied' starts with 'delayed'.

rotecch77:
Office door done
Locally fabricate
N70k

Double HDF board

Wa o. This is beautiful and it is local.

davit:
Presken?

No.

poweredcom:
Oga ndokwa has close to 80 hotels in Lagos alone and he is still buying old buildings and paying tenant off and expanding some of his hotels compound.

Ajegunle alone reach 13 building ..which I can count ..then Apapa self dat side reach 10 cos he just started building like four new ones

Omo leave that man oo no compete with am na chairman for the business

Na three months he de take finish building of hotels fully furnished .

What name does he calls his hotels?. I see a particular hotel name and style of build in many parts of Lagos. Do not know if that is his hotels.

condomuser:
You are right on point, one particular one wey I never chop due to work schedule just billed me N600k unto house rent is overdue.
It was actually the third telephone conversation and e don present N600k bill. Some people get mind, no be say I no fit give am the money, I fit even give am X10 of that but on what basis baffles me, because e go bring im toto for the table.
With that amount I fit phuck am for 60 different flavours, why waste it on one.
Some people no get sense.
The same idiot go call me on WhatsApp and within 2 mins e go tell me say im calling credit don almost finish.
Abeg bros, your WhatsApp call get number of calling minutes?

Is this 600k with condom or without condom as you be condomuser?.

ojesymsym:
Although I think you are right but my common sense would have told me that men will cut cost, reduce non essential expenditure and be more responsible in a dwindling economy. I understand more girls going into olosho wen the economy is tough but how come men can still afford to be customers.
Something does not add up for me.

In times of recession and economy downturn, more people take to drinking. The same with oloshoism.

emmanuelewumi:
He needs to hedge against currency devaluation and inflation na

Apart from that, he needs to go and setup an office and ashi hotels in NY in order to preserve his generation wealth.

Biafran4life:
When I come here and read somethings,I just shake my head.The naira is useless, inflation is at 18 percent.. leave naija and run to country you earn dollars.The dollars is devalued 4 times and I will be laughing.No Wonder a moniker is always saying audio billionaires.Go see that guy at aba,onitsha,lag doing serious business and making good money.He will tell you is long he has been buying dollars btw 480-500 and making good profit in business.
My stay in the Villa for over a week gave me the opportunity to really go round not like the festive period that is always crowded with people so you limit exploring the Villa.When you see most inherited land fenced and abandoned and you enquire of it present condition.The answer is always the same,is so person living abroad and Since the past yrs he came back and fenced it or layed foundation to build the next Aso rock and gone back it has been silence.To even send 1000 dollars back is a problem
Then you see a nice structure and you enquire .The answer, is so person in aba,pH ,lag etc who built it and just did marriage things.
My bro is telling me is now he is really making good money in his wine trade.Infact he started his personal house in asaba middle last year and finished in december.This year he upgraded his car ,plus a three story building in onitsha going on.He is presently towards the second floor with all the cost in building materials.When I asked how he is managing cement and rods at present price.He tells me he is equally making the money in his business as prices have equally changed
My iniaw started 4 buildings Last year and all has been roofed presently.One in lekki,one in owerri and two in the Villa for him and his bro as they are into partnership .The four are all story buildings Thr goods are coming steady from Turkey and they are selling and making good money.
Then someone comes here every day to be shouting doomsday.I hate this government like mad but opportunities are out thr plenty in naija to make money and people are making money.I have always said I am street and I say what I see in the streets.If it likes let dollars get to 1000 or inflation enter 40percent.People are making money and the guys abroad or having dollars are not doing better than the locals and those putting thr naira in good opportunity .I never see people way be audio like this abroad guys
They come home after years,buy car,flex with girls from one hotel to the next,manage buy 5million - 10 million land and then disappeared for another 5yrs or above.They will tell you Julius barger is coming to erect a structure.They marry or impregnat one girl and leave her here after performing film trick for the two weeks or a month they stay in naija.Then sell the car to book ticket back and you hear nothing again.

So villa wen you go don open your eyes abi?. When @Lazyyouth4u dey always shout audio, dem go abuse am.

Dem dey abuse all those abroad people wen relocate come my place after so many years now. Before dem go dey hail them because dey come in during xmas with one tokunboh SUV, spend a week or two to flex and run back and people think they are rich. I have always told people that i dare them to spend a month in the villa and let us see how rich they are. It is when some of them came back and started selling borehole water that they could put up a building.

afroxyz:

The fund was put on hold the same day after SEC issued the order. They wrote SEC days after the order was issued for further clarification. So what more could they have done?

Rather than SEC replying them, SEC went public two weeks after they had written them seeking consent.

Didn't they know the process and procedure?. Why putting the cat before the horse?. So if SEC has kept quiet, that is how they would have continued and draw people in.

Brainbox0806:
If this will make you feel cool: I'M NOT XIAOLI. Now let me educate you a bit, do not try to convince people to know your real worth except you are a celebrity that need such for endorsements motives. Don't post your achievements on the grams, it can only do you more harms than good.

I've an older friend that worth huge billions that reside in the US, whenever he comes back home, he try as much as possible to talk like a typical igbo man with just a normal shirt, nobody knows whtsup about him till he's done here. The real men live codedly but the empty barrel or little kids with unimaginable wealth from unscrupulous sources make the loudest noise.

Don't you think this is late already?. @XiaoLi has already said that he can show us N50m * 20 = N1Billion account balance.

XiaoLi:
Mofo i am not Brainbox, for what reason would i hide from a low life 1diot like you, fyi i am balling harder and will feed your next genaration, i put this as a challenge to you..show me tashere 50M in your account and i will show you 20 times of it, dont give excuses...show it!

N50m × 20. See money.

Oga, abeg i fit be your Portmanteau Assistant(PA)?. Na just 1 out of the 20 i need as salary.

emmanuelewumi:
Asking because, I met a factory worker whose weekly wage can't be more than 10k that has 15 bank accounts.

What is he/she doing with 15 bank accounts?. Is the person into scam?.

emmanuelewumi:
How many bank accounts, do you have?


Just trying to change the topic of discussion.


I have just 2


A personal accounts and a corporate account

I have three in three different banks. One current and two savings.

PeaceIlya:
What do you gain in digging up old post? Are you trying to score some cheap points? You got enough time on your hands with time you will get to understand that silence is GOLDEN.

The internet does not forget. People should stop throwing insults because the person's old posts can always be dug out. Have you seen the old posts of our politicians when they had yet to get into power?.

ojesymsym:
One of the things that killed NA I believe, many guys were using complimentary cards to fly NA and give slots to their kids, wife, mistresses and side chicks

Was that also what killed the refineries, Shipping lines, Electricity, Roads, Railways etc etc?.

emmanuelewumi:
Aig and Wigwe were not the founders of Access Bank.


Access Bank got into trouble waters, Aig and Wigwe resigned from GTB to buy controlling share in Access Bank, they equally invited Coscharis, Gbenga Oyebode and other notable Nigerians to come on board to recapitalize the bank.

The millions of Naira invested by Aig and Wigwe must have come from some where. As employees of GTB where did they get the fund?

They could afford to get substantial percentage of the fund through careful Investment of their salaries over the years.

These guys lived in Ikoyi. Lagos was the seat of power in the 80s and early 90s.

During IBB era, Civil Servants are the ones doing the jobs. Most top civil servants can't be referred to as average at that time.

A retired judge who worked with Lagos State government has over 40 houses in Lagos. He has just 3 boys. The 3 boys are civil servants in Lagos and have legally grown the family Investments in the last 30 years.

Your education, school, occupation, family background, in-law etc can open doors and give the necessary leverage.

A lot of top civil servants in the 70s and 80s bought shares of major companies for themselves and their children in 1976 during the indigenization policy of Olusegun Obasanjo. Some of those Investments are now worth hundreds of millions if not billions of Naira.

You too much. I went to secondary school with children of these top civil servants of those days. Make i no talk too much.

omolola100:
One of my close church member has been complaining concerning their 11year old daughter who does'nt listen to them at home again, and she is becoming wayward.

The father has decided to send her to the boarding house so that she can learn good morals, so that she can become useful in life, mere looking at the situation of things, sending her to the hostel is not a best option, i have tried to advice them just to keep praying for her and then givie her good advice every morning, and also get a private tutor for her just to keep her busy, but the father insisted she is going to the boarding house.

I spent 4years in boarding house and i have experience a lot of things in the hostel, most especially the lesbian aspect, prostitution bla bla bla, i could still remember how one of my friend wanted to lure me into that but thank God i couldnt fall victim.

Do you think sending a 11year old female child to boarding house will make her learn good moral, and be responsible?
Is that the best step to take?

When parents have failed in proper upbringing of a child, they now look for a boarding house to dump the child and when the child turns out worse, they will now say boarding house is bad. If a parent that stays with a child 24/7/365 cannot control and discipline a child, what made such a parent think that it somebody else in boarding house that will be able to control and discipline such a child?. It is what is learnt at home that is taken to boarding house. Learn bad behaviour at home, take bad behaviour to boarding house. Learn good behaviour at home, take good behaviour to boarding house.

emmanuelewumi:
The mother in law is Evelyn Oputu former CEO of Bank of Industry.

As a secondary school boy in one of the Federal Government Colleges between 1978 and 1982, Aig went to school by air.

That was a luxury for most Nigerians. Aig's father was not a poor man

I know of this. His mother was the Chair Person of National Council of Women Society(NCWS) during the IBB and Maryam IBB founded Better Life for Rural Women.

He went to FGC Kaduna. Herbert Wigwe also went to one of the Federal Government Colleges.

9jatriot:
As innocent as this question may seem, knowing your antecedent, I can tell that you see seeking for materials to one day call Emma audio.
You made a failed attempt in the past, I know you are still searching for that loophole.

Oga Emma audio?. That will be a big laff of the century

Lazyyouth4u:
CEO of Access Bank, do you mean [b]Aig [/b]or Wigwe? These are self made men. Their money is surely not inherited money.

And do you know Oga Emma from outside Nairaland? I’m just curious

Do you know Aig's mother and mother-in-law?.

yazga:
E dey, the friend I shared his experience above, the siblings children are married in that same house. You have 8 different landlords for just one house.

I wonder why Oga Emma that is so experienced in properties is surprised that such does not exist in this Lagos.

emmanuelewumi:
Haba rooms in your grandma's house, their parents equally have houses the grandchildren equally have at least a house or real estate investment.

I tell people, income from inherited assets should be reinvested you only spend the returns on the reinvested fund. When you need income from inherited assets to pay your bills, you have a very big problem.

It is even the property manager that advises me to increase the house rent that what the tenants are paying is 60% of the current rate

You guys own is easier because it was given to a property manager. Some do not do that. Instead, each person want to be called landlord or landlady. I have an office colleague who once advised his siblings that they given out the property given to all of them to a developer to redevelop, manage and share the yearly income from it on an agreed percentage basis but they refused.

emmanuelewumi:
Haba rooms in your grandma's house, their parents equally have houses the grandchildren equally have at least a house or real estate investment.

I tell people, income from inherited assets should be reinvested you only spend the returns on the reinvested fund. When you need income from inherited assets to pay your bills, you have a very big problem.

It is even the property manager that advises me to increase the house rent that what the tenants are paying is 60% of the current rate

Some grand parents share the house 'indirectly' to all the grand children by giving rooms to the direct children as inheritance. Those rooms are then inherited by the children that are grand children. In some cultures, properties are shared to all children and in situations where the properties are not enough to go round, rooms in the properties are now shared. I have seen such several times. My uncle was even living in one of such. The house had several landlords and landladies.

yazga:
What happened to SMN?

It was put up for sale and was bought by the Owner of Nairaland and after sometimes, closed it down.

yazga:
The are not financially literate and are not ready to be discipline.

Two employees were in this same position you describe

Employee A sold off his uncompleted building and squandered the money and later proceeded to his pension fund. As at the time, Uber was just coming out and I asked him to invest in it so as to be able to have cash to meet his needs. His currently in his home town as a farmer. This was someone that worked in one of the big 4's


Employee B didn't earn or have as A had but was able to invest and was compounding it for 5 yrs, today he has a landed property and we'll invested.


I have know Pa Emma on the teachers thread with his other handle and I could remember I was one of those people that shout down at him when he usually advise to invest no matter how little then as teachers, if I had started then, perhaps I would have been a billionaire like him, but there is no late coming in investment.

Discipline and been knowledgeable are two vital key to wealth creation.

In conclusion, 'follow the wise and you will be wise".

Iam sure he will be blaming his village people or one old man or woman in his extended family as the cause.

Zobah:
I think he can start a mentoring class so some us can learn from his years of experience in Nigeria investment space.

Over to Oga Emma. I have been learning from Oga Emma since the days of SMN. So i know am well from a distance.

ojesymsym:
How do you manage this part?

Most siblings when I know go de suspicious and start looking for loopholes for them to request that all properties are sold and money shared.
It is hard to believe all 20 grandchildren are financially educated as you are. In the experience of a lot of people with this kind of asset, the call be sharing all money realized from it will be so loud that one can get frustrated and just share for peace to reign. So how do you man manage the others

Sharing of the money is not even the issue. They will start demanding for a sharing of the rooms in the properties instead of money so that they will start answering landlords or roomlords. At the end of the day, the property is not maintained because nobody owns the compound as each person owns a room or rooms.

skydiver01:
Excellent foundation and financial planning Sir Emma. Is there no room to add Mr/Mrs/Miss NL1960 to the Xmas sharing event this year?

I wonder o. I believe there is still a small 'room' even if the 'room' na the 'passage'.

Btw, i be Mr o before dem begin tag me as Miss like @Lazyyouth4u.

emmanuelewumi:
Which of the funds do you have with FSDH.

I have FSDH Treasury Bill Fund and Coral Income Fund with them

Oga Emma, e be like say na every fund you put money for. I for no mind if you can 'adopt' me as your junior sibling o as in 'last born sibling'.

emmanuelewumi:
You need to hold your VGIF for 6 months to avoid penalties.

4.5% by VGIF is the minimum, you should expect an additional payment at the end of June

6 months in a given year or 6 months after opening the account?.

ojesymsym:
Americans and Singapore and other first world countries have a productivity and greatness mindset. So they always strive to get better in all that they do.

This is not about prayers at all. As a matter of fact, your second statement is what I am talking about. Because of the destructive mindset of our people believing that the country will never get better, they allow their greed get the better of them to destroy any sector they man, no matter the position they hold whether na security man, or politician.

Gbam. The mindset is to fraudulently collect as much as possible and relocate their generations abroad with the loot.

omohz:
Baba I was joking . farming is good , although the work is tedious and now herdsmen done join the equation

At retirement, you will not be doing the tedious work. Just to supervise. Palm tree plantation and cashew plantation can be done easily.