Nezzjnr:

If he did that for rent purpose... Then it's a wise move

But erecting it for personal use only doesn't sound well to me

Who will pay rent for a 30 room mansion?

hustla:





Nigerians like show off.. They bought it to show off everyday na or to nick contracts

Just to gain respect.. That's all

Nezzjnr:

I guess that's why most people go for Toyota brands.

900k will almost get me a 2005 Sienna na

No sir. Its equally as expensive.

This is for a 2020 Toyota camry. Convert to Naira and add cost of shipping and logistics

emmanuelewumi:



Who will pay rent for a 30 room mansion?

No one will be able to pay for such

That's why I said it's of no use erecting those houses

hustla:


Another lowkey expense

Very good for you.

rationalmind:


No sir. Its equally as expensive.

This is for a 2020 Toyota camry. Convert to Naira and add cost of shipping and logistics

But it's cheaper to maintain.

You can go for the Tokunbo parts

Nezzjnr:




Just to gain respect.. That's all

Which is a social capital. Nothing bad with that, except if he starts complaining like Ajidua

Definitely Nigeria is broke at the Federal level, the amount of money in the personal pockets of the politicians is worth more than $200 billion.
That's why investing in Eurobonds and foreign denominated debt instruments is more risky than sleeping with a prostitute unprotected.
Naira denominated debt instruments are becoming risky but can be settle by printing more Naira worse case.

Zobah:
Nigeria is broke

davit:
Na my law firm dey handle his case for EFCC in those days. I'm not sure he has been released.

He was never at any point jailed.

TotoNaRubber:
Definitely Nigeria is broke at the Federal level, the amount of money in the personal pockets of the politicians is worth more than $200 billion.
That's why investing in Eurobonds and foreign denominated debt instruments is more risky than sleeping with a prostitute unprotected.
Naira denominated debt instruments are becoming risky but can be settle by printing more Naira worse case.

What's the solution?

The man dey form one illness or another those days. Na so dem dey fly him to India up and down before I left the firm.

QuinModah:
He was never at any point jailed.

emmanuelewumi:


Which is a social capital. Nothing bad with that, except if he starts complaining like Ajidua

Some people actually sell their cars... Add few money to get a new one.

davit:
The man dey form one illness or another those days. Na so dem dey fly him to India up and down before I left the firm.

Fred Ajudua from Ibusa in Delta State. The founder of 419 in Nigeria, has his own church inside his compound. You need to visit his house in Delta state. The only thing his people like about his was that the money he defruaded people with was used to develop and empower some people in Ibusa (obviously raising more fraudster). Ibusa has the largest number of fraudster in Nigeria, for every 20 Ibusa, 15 is a fraudster no thanks to him. No court has found him guilty in Nigeria

Nezzjnr:

But it's cheaper to maintain.

You can go for the Tokunbo parts

This again is not true sir.

Toyota parts are very expensive compared to other vehicles within the same class. It does not matter if its Tokunbo or new.

See this post I just saw. Good luck if you're using an Rx350 or even a 2005 Avalon and you suffer transmission(gear) failure.

kingreign:

The last time I checked it was between 650-700k (last week).

rationalmind:


This again is not true sir.

Toyota parts are very expensive compared to other vehicles within the same class. It does not matter if its Tokunbo or new.

See this post I just saw. Good luck if you're using an Rx350 or even a 2005 Avalon and you suffer transmission(gear) failure.

I pity those using it for Uber

rationalmind:


This again is not true sir.

Toyota parts are very expensive compared to other vehicles within the same class. It does not matter if its Tokunbo or new.

See this post I just saw. Good luck if you're using an Rx350 or even a 2005 Avalon and you suffer transmission(gear) failure.

I really don't know much about cars....You might be right.

What about Honda brands?

Nezzjnr:

I really don't know much about cars....You might be right.

What about Honda brands?

Lovely brand and easy to maintain.

[quote author=akinola98 post=102797653]

No o

Nezzjnr:

I really don't know much about cars....You might be right.

What about Honda brands?

Solid brand. Much cheaper to maintain than the Toyota.

Has a bad rep in Naija due to ball joint failure in older models caused by using fake parts.

emmanuelewumi:



I think part of Abidua's regrets was because he just realized that most of the properties didn't make economic sense, although they made emotional and cultural sense.

Now in his 60s he can't even maintain the over 40 houses again.

Imagine having a 30 room mansions all over the place, He acknowledged he did such at the time of ignorance

Ajidua was only laundering his ill gotten money with all those mansions. What else would he have done with all that money knowing fully well that the feds were coming for him?

emmanuelewumi:



I pity those using it for Uber

One of the pioneer investors in Uber, Dru23 says honda civic is best suitable for Uber. I can't confirm that though.

rationalmind:


Solid brand. Much cheaper to maintain than the Toyota.

Has a bad rep in Naija due to ball joint failure in older models caused by using fake parts.

I thought the mistake was from the company directly

Lazyyouth4u:


Ajidua was only laundering his ill gotten money with all those mansions. What else would he have done with all that money knowing fully well that the feds were coming for him?

I think so.

Fola Adeola of GTB, Jim Ovia of Zenith Bank, Tony Elumelu of the then STB, Coscharis, Dangote etc needed the money for the expansion of their businesses in the late 80s and early 90s

Myhelper1:
I haven't been paid too...let's wait for today!

Just got an alert �…. Thank God

emmanuelewumi:


I think so.

Fola Adeola of GTB, Jim Ovia of Zenith Bank, Tony Elumelu of the then STB, Coscharis, Dangote etc needed the money for the expansion of their businesses in the late 80s and early 90s

He could have partnered with HFP to build VGC Lagos or with the developer of Parkview estate Ikoyi.

Or could have bought Investment properties in those estates.


Those Investments should be generating good rental income running to millions of dollars

NTB

TotoNaRubber:
Definitely Nigeria is broke at the Federal level, the amount of money in the personal pockets of the politicians is worth more than $200 billion.
That's why investing in Eurobonds and foreign denominated debt instruments is more risky than sleeping with a prostitute unprotected.
Naira denominated debt instruments are becoming risky but can be settle by printing more Naira worse case.

Sukuk coupon was paid this morning

emmanuelewumi:



He could have partnered with HFP to build VGC Lagos or with the developer of Parkview estate Ikoyi.

Or could have bought Investment properties in those estates.


Those Investments should be generating good rental income running to millions of dollars

You have the benefit of hindsight. He did not. I’m sure he believed in the properties he purchased/built at that time. Nobody knew park view estate would be what it is today. A few years ago, it was just a dead water logged area.

Besides, don’t forget he had to buy properties that would not be easily traced and seized.

emmanuelewumi:



I pity those using it for Uber

Uber billionaire investors plenty for this thread. Can they please confirm?

Lazyyouth4u:


You have the benefit of hindsight. He did not. I’m sure he believed in the properties he purchased/built at that time. Nobody knew park view estate would be what it is today. A few years ago, it was just a dead water logged area.

Besides, don’t forget he had to buy properties that would not be easily traced and seized.

Parkview had the backing of Lagos State military government, Same with Lekki Phase one and two, not forgetting Foreshore, any forward thinking real estate investor should know that such investments would fly.

He made money during the time of IBB when corruption was legalized, nobody will seize anything jot

Lazyyouth4u:


Uber billionaire investors plenty for this thread. Can they please confirm?

You don start with your yeye this early morning

emmanuelewumi:



You don start with your yeye this early morning

I just want make them confirm as per using Rx and Avalon for Uber na