₦airaland Forum

Dangote may end up losing equity in this project. I see the banks eventually converting their loans to equity. Those who buy these new bonds will be junior to the original lenders and are taking a much higher risk. Even with the fertilizer production, there is yet to be any repayment of principal. If at all the project succeeds, Nigerians may pay with higher than normal prices for petrol and diesel

quentin06:
And why are you so over eager to display your stupidity every time?

Its a miracle how you manage to stay alive for 24 hrs given that there is nothing residing in that bald coconut of yours.

U SHOULD KNOW SINCE ITS THE AILMENT OF YOUR ANCESTORS PASSED DOWN TO GENERATIONS BORN AND UNBORN!I THINK YABA LEFT SHOULD BE ABLE TO TAKE CARE OF YOU!OR YOU GET REFERRED TO ARO ABEOKUTA!A REFINERY WORTH MULTI BILLIONS OF DOLLARS TO BE ESTABLISHED IN WHAT IS NOT BETTER THAN A WAR ZONE!AN slowpoke!ITS AN INSULT TO JOIN ISSUES WITH A NONENTITY LIKE YOU!!

Aidejay:
Inasmuch as I hope dangote fulfills this dream, I can't help but feel uneasy about this it's prolonged completion timeline. And more debt financing againnnn!

I guess you can't rush greatness.

He's a cement and other commodities manufacturer.

The Fulanis made sure all refineries are dead and has been supporting Dangote to build that refinery. The FG has some very little stake in it for billions. Yet it has not been able to settle /service the loans many Nigerian banks have put into it....

They want him to win despite many other Nigerian owned oil companies, they gave Dangote and BUA the advantage and support.

It is obvious that this is happening because Dangote knows nothing about gas and oil, so the contactors will keep milking him. I just pray sabotage isn't involved because the western world currently benefitting from the international refining of our crude won't want things to work for his refinery

Omo this refinary will finish Nigeria oh

In one of our post here on Nairaland, we accurately predicted that Dangote is broke before Fitch broke the News officially. Flat broke.

Dangote missed a vital opportunity to avoid all these humiliations, when his global economic Advisors advised him to take 70% of his liquid cash portfolio to New York, he would have retain about $200 million which was stripped off his holdings due to Buhari bad Leadership. He appears to have agreed only to back out at the last Moment. Year was 2019. The only Risk I see in the transcontinental deal was that Dangote would have been made to make Full Disclosure of his DIL, owners $ capital structures to American authorities. Dangote knew the risks and elect to stay in Buhari Nig with Emefiele promising fundings but unfortunately, the $$$ ran out!

I don't wish to be in Dangote shoes right now. He's going nowhere! The odds are truly against him.

Imagine the scenario Obi wins in 2023, & gives license to Investors for limestone exploration, cement Production & license for mini, medium highly efficient Refinery that is more feasible than the behemoth he's building in Lagos. Which he's most likely to do, so jobs would flow, Dangote only known Legit cash-cow would be deregulated & guess what? His poor management skills will be all more glaring! Int'l Lenders might take the company altogether!

Imagine the scenario Tinubu wins, Otedola would certainly get a chance to bounce back to Downstream Sector & Dangote might not enjoy continued patronage. Otedola a more astute business manager would easily rally hedge funds to his side & put up a medium Refinery in quick Pace in Ogun State.
By then Dangote liabilities would be too much for his decripit cement business or yet to take off Defining business!

Either way, Dangote is bleeped, ducked & trashed!

His horrible mistake: Building a large, Refinery due to the believe that he's going to be the only one selling refined petroleum in Nigeria! He's in for a rude shock as the odds currently favor Obi as President in 2023. 10 new players will join him in the puddle!

Islie:
https://thenationonlineng.net/dangote-shops-for-additional-n300b-to-finance-refinery/

Goodluck

he knows govt will change hands and support will disappear. tinubu no go support am. tinubu go support him brother.

doctokwus:
Hope this is not another scam because this is turning around to be a never ending money drain pipe.
After using the CBN and Nigerian government to almost single handedly fund his refinery all in the marketing gimmick of Nigeria being self sufficient in fuel and not importing the product,now another ₦300b is being requested from Nigerians.
This is looking like a high class pyramid scheme and even if it comes to fruition,petrol would be quite expensive because he has to fund all these loans and ₦165 may take ages by his calculation to pay back the humongous loans he has borrowed.

you are on point. govt will change hands and buhari will not support him again, so he's taking this move

Bigkoko:
In one of our post here on Nairaland, we accurately predicted that Dangote is broke before Fitch broke the News officially. Flat broke.

Dangote missed a vital opportunity to avoid all these humiliations, when his global economic Advisors advised him to take 70% of his liquid cash portfolio to New York, he would have retain about $200 million which was stripped off his holdings due to Buhari bad Leadership. He appears to have agreed only to back out at the last Moment. Year was 2019. The only Risk I see in the transcontinental deal was that Dangote would have been made to make Full Disclosure of his DIL, owners $ capital structures to American authorities. Dangote knew the risks and elect to stay in Buhari Nig with Emefiele promising fundings but unfortunately, the $$$ ran out!

I don't wish to be in Dangote shoes right now. He's going nowhere! The odds are truly against him.

Imagine the scenario Obi wins in 2023, & gives license to Investors for limestone exploration, cement Production & license for mini, medium highly efficient Refinery that is more feasible than the behemoth he's building in Lagos. Which he's most likely to do, so jobs would flow, Dangote only known Legit cash-cow would be deregulated & guess what? His poor management skills will be all more glaring! Int'l Lenders might take the company altogether!

Imagine the scenario Tinubu wins, Otedola would certainly get a chance to bounce back to Downstream Sector & Dangote might not enjoy continued patronage. Otedola a more astute business manager would easily rally hedge funds to his side & put up a medium Refinery in quick Pace in Ogun State.
By then Dangote liabilities would be too much for his decripit cement business or yet to take off Defining business!

Either way, Dangote is bleeped, ducked & trashed!

His horrible mistake: Building a large, Refinery due to the believe that he's going to be the only one selling refined petroleum in Nigeria! He's in for a rude shock as the odds currently favor Obi as President in 2023. 10 new players will join him in the puddle!

Transcriber:
Nice

But his refinery is his problem

Completing it will only make him richer not the masses

His monopoly will only increase
Indians that pay slave wages are also "job creators"
No?

Dangote Industries has sent out HUNDREDS of young Nigerian engineers and recent engineering graduates abroad to be trained to operate the refinery, fertilizer and petrochemicals complex, in addition to those currently involved in its construction.

Accordingly, it had already created, and will continue to create, THOUSANDS OF JOBS IN NIGERIA FOR NIGERIANS - from the unskilled so-called “masses” to semi-skilled and artisanal technicians, electricians, etc., to highly-skilled engineers, managers, marketers, etc. It has already generated hundreds of millions of dollars worth of income to NIGERIAN (and Nigerian-based) subcontractors and suppliers, and is creating a specialized ecosystem in the process. This is in addition to the THOUSANDS OF ADDITIONAL JOBS IN NIGERIA that will be created directly and/or indirectly throughout the entire value chain, as well as JOBS generated from the availability of products of the complex (petrochemicals additives alone can generate as much as 100+ different finished and manufactured products).

Each of these foregoing JOBS (both direct and indirect) will create wealth and generate revenue (including, without limitation, income and corporate taxes) for government to invest in infrastructure of both the physical (roads, bridges, electricity, ports, etc.) and social (hospitals, schools, public transportation, etc.) varieties - if the politicians do not steal and/or squander such revenue. In addition, those young engineers and all others employed because of the project will need food, housing, healthcare, educational services for their kids, furniture (from local carpenters to specialized furniture makers - who also employ or use local “masses” carpenters), clothes, mechanics, vulcanizers, etc. They might even have a little bit left over to patronize the neighborhood mall or movies, and even the local beer-parlor![/b]

That’s how you GROW an economy and take better care of the so-called “masses”! Unfortunately, most Nigerians have long become entitled rent-seekers consumed and obsessed with SHARING in derogation of PRODUCTION. But you cannot share (or otherwise distribute) wealth without first PRODUCING wealth!
>

Bigkoko:
In one of our post here on Nairaland, we accurately predicted that Dangote is broke before Fitch broke the News officially. Flat broke.

Dangote missed a vital opportunity to avoid all these humiliations, when his global economic Advisors advised him to take 70% of his liquid cash portfolio to New York, he would have retain about $200 million which was stripped off his holdings due to Buhari bad Leadership. He appears to have agreed only to back out at the last Moment. Year was 2019. The only Risk I see in the transcontinental deal was that Dangote would have been made to make Full Disclosure of his DIL, owners $ capital structures to American authorities. Dangote knew the risks and elect to stay in Buhari Nig with Emefiele promising fundings but unfortunately, the $$$ ran out!

I don't wish to be in Dangote shoes right now. He's going nowhere! The odds are truly against him.

Imagine the scenario Obi wins in 2023, & gives license to Investors for limestone exploration, cement Production & license for mini, medium highly efficient Refinery that is more feasible than the behemoth he's building in Lagos. Which he's most likely to do, so jobs would flow, Dangote only known Legit cash-cow would be deregulated & guess what? His poor management skills will be all more glaring! Int'l Lenders might take the company altogether!

Imagine the scenario Tinubu wins, Otedola would certainly get a chance to bounce back to Downstream Sector & Dangote might not enjoy continued patronage. Otedola a more astute business manager would easily rally hedge funds to his side & put up a medium Refinery in quick Pace in Ogun State.
By then Dangote liabilities would be too much for his decripit cement business or yet to take off Defining business!

Either way, Dangote is bleeped, ducked & trashed!

His horrible mistake: Building a large, Refinery due to the believe that he's going to be the only one selling refined petroleum in Nigeria! He's in for a rude shock as the odds currently favor Obi as President in 2023. 10 new players will join him in the puddle!

Which Fitch abegi?!
The same Fitch that rated this Bond offering “AA”?!

Abegi quit pulling fiction out of your behind…
And see Fitch’s rating here: https://www.businessamlive.com/fitch-rates-dangote-industries-n300bn-series-1-bond-aa-with-stable-outlook/
>

>
And for the umpteenth time…
DANGOTE DOES NOT ENJOY A MONOPOLY.

First, before Dangote Industries received a license under the Jonathan administration to build this refinery and petrochemicals complex, at least 28 such private refinery licenses had been previously granted to different entities and investors, going back to the Obasanjo administration. Nonetheless, apart from the 4 government refineries, there are smaller “modular” refineries (Waltersmith, Edo, etc.), and the BUA Group is also building a refinery and petrochemicals complex in Akwa Ibom state. In addition, the multinational Indorama currently has the world’s largest single-train fertilizer plant in Eleme, and Notore Chemicals also have massive plant. Even in cement, he’s pitched against the world’s biggest and most powerful producer LaFarge, and against other multinationals and national producers across Africa.
>

Smithkafors:
Yes, because the exchange rate has doubled. If he doesn't hurry up, he will need more naira to covert back to dollars to finance his company.
Dangote earns in Naira plus other African currencies and not in dollars. Despite getting dollars at way cheaper rates, he is still unable to complete his company. This will tell you how much damage has been done to the economy. Na the banks I pity, cause the financed the major part of the project.

I pity you if you think they will change dollars at the rate of 600 for him. He will be getting it less than half the price. He has been seen as most politician’s retirement plan, so everything will be made easy for him

9jaRealist:
Dangote Industries has sent out HUNDREDS of young Nigerian engineers and recent engineering graduates abroad to be trained to operate the refinery, fertilizer and petrochemicals complex, in addition to those currently involved in its construction.

Accordingly, it had already created, and will continue to create, THOUSANDS OF JOBS IN NIGERIA FOR NIGERIANS - from the unskilled so-called “masses” to semi-skilled and artisanal technicians, electricians, etc., to highly-skilled engineers, managers, marketers, etc. It has already generated hundreds of millions of dollars worth of income to NIGERIAN (and Nigerian-based) subcontractors and suppliers, and is creating a specialized ecosystem in the process. This is in addition to the THOUSANDS OF ADDITIONAL JOBS IN NIGERIA that will be created directly and/or indirectly throughout the entire value chain, as well as JOBS generated from the availability of products of the complex (petrochemicals additives alone can generate as much as 100+ different finished and manufactured products).

Each of these foregoing JOBS (both direct and indirect) will create wealth and generate revenue (including, without limitation, income and corporate taxes) for government to invest in infrastructure of both the physical (roads, bridges, electricity, ports, etc.) and social (hospitals, schools, public transportation, etc.) varieties - if the politicians do not steal and/or squander such revenue. In addition, those young engineers and all others employed because of the project will need food, housing, healthcare, educational services for their kids, furniture (from local carpenters to specialized furniture makers - who also employ or use local “masses” carpenters), clothes, mechanics, vulcanizers, etc. They might even have a little bit left over to patronize the neighborhood mall or movies, and even the local beer-parlor![/b]

That’s how you GROW an economy and take better care of the so-called “masses”! Unfortunately, most Nigerians have long become entitled rent-seekers consumed and obsessed with SHARING in derogation of PRODUCTION. But you cannot share (or otherwise distribute) wealth without first PRODUCING wealth!
>

trash talk
Indians do all what you said
Yet they work people to their deaths with 30k salary

Fuccck off with your stupid grammar

doctokwus:
Who do you think guaranteed the foreign loans Dangote has taken this far?The CBN and FG of course and when they are due,even when the refinery hasn't come on board,who pays?The FG!
So tell me where I was wrong to have strong suspicion that this looks like a phoney,money draining project?

Stop spewing trash. Who told you the CBN and FGN guarantees private loans? This Nairaland is full of dumbos sha. You go just open mouth waaaaa

Bigkoko:
In one of our post here on Nairaland, we accurately predicted that Dangote is broke before Fitch broke the News officially. Flat broke.

Dangote missed a vital opportunity to avoid all these humiliations, when his global economic Advisors advised him to take 70% of his liquid cash portfolio to New York, he would have retain about $200 million which was stripped off his holdings due to Buhari bad Leadership. He appears to have agreed only to back out at the last Moment. Year was 2019. The only Risk I see in the transcontinental deal was that Dangote would have been made to make Full Disclosure of his DIL, owners $ capital structures to American authorities. Dangote knew the risks and elect to stay in Buhari Nig with Emefiele promising fundings but unfortunately, the $$$ ran out!

I don't wish to be in Dangote shoes right now. He's going nowhere! The odds are truly against him.

Imagine the scenario Obi wins in 2023, & gives license to Investors for limestone exploration, cement Production & license for mini, medium highly efficient Refinery that is more feasible than the behemoth he's building in Lagos. Which he's most likely to do, so jobs would flow, Dangote only known Legit cash-cow would be deregulated & guess what? His poor management skills will be all more glaring! Int'l Lenders might take the company altogether!

Imagine the scenario Tinubu wins, Otedola would certainly get a chance to bounce back to Downstream Sector & Dangote might not enjoy continued patronage. Otedola a more astute business manager would easily rally hedge funds to his side & put up a medium Refinery in quick Pace in Ogun State.
By then Dangote liabilities would be too much for his decripit cement business or yet to take off Defining business!

Either way, Dangote is bleeped, ducked & trashed!

His horrible mistake: Building a large, Refinery due to the believe that he's going to be the only one selling refined petroleum in Nigeria! He's in for a rude shock as the odds currently favor Obi as President in 2023. 10 new players will join him in the puddle!

The most senseless post I have ever read on Nairaland…Lots of trash spewed in one single post. SMH…

Truth234:
What led to this issue was the fact that he had to construct most of what they needed. He built a port specifically for the refinery after they discovered Nigerian ports can't take delivery of most of the huge equipment they need.

Those were not budgeted for. He also constructed several roads. One is over 131 km. Also, this explains why he sold 20% to Federal Government. Dangote needs this additional N300 billion to complete the project.

The port and access roads were part of the original budget and costs. Stop spewing trash abeg. Must you comment on what you know nothing about?

JoeNL22:
That is why they(FG) need to give them tax reliefs and tax holidays, after that!, FG should act as an investor and not a lender. When this is done. It will motivate people to invest in building refineries all over the country. The government will just tell them to have a certain amount of money before they start a refinery. Just like the banks are demanded to have 25 billion before they can be given full operational license to operate as a financial institution in Nigeria.

The solution is right in front of them. But they won't act on it. Because some bastards are benefiting from the way Nigeria is operating.

Stop yearning dust. These refinery projects including Dangote received Pioneer tax status for their projects. You go just open mouth waaaaaa….

quentin06:
The refineries at Portharcourt, Warri are rendered useless so that Dangote refinery can shine, despite billions sunk in it , it is still useless to date, such amount could have rehabilitated the existing refineries and built news ones.

And they cry about high cost of subsidy when they dont want the local refineries to work.

What a shame of a country? Only one useless body imports fuel, only one person should have a refinery.

Exactly. It would have made more sense to totally renovate the existing refineries than sink all that cash in a greenfield elephant project…

quentin06:
You guys dont ask yourself, where is he going to get the crude to refine petrol, look its not a refinery, but a depot for finish petroleum products.

He actually acquired some oil fields/assets from Chevron and Shell…And also NNPC and its JV partners have agreed to sell to him…

quentin06:
He is not going to refine any crude oil, look at the logistics, a refinery like that should have been situated closer to its source of raw materials.

Its just a big tank farm for finished petroleum products which will be imported.

.How does Kaduna refinery all the way in the north get feedstock?

JoeNL22:
Yes I know. What I meant is when the are operational, you give them the tax credit.

How can you post a loss of (37 billion) after receiving such tax credits. It shows the management of Oando does not have an idea of what they are doing, and henceforth they should be sacked.

The bastard people don't have money to spend on capital intensive projects that will benefit the people and build Nigeria, but they(FG) have money to be giving themselves huge amounts of money has salary (13 million) for senator alone. I wonder how much the Senate and vice presidents and the president be collecting?.

Then the question is, why are they their in the first place when they can't make things work. Throughly accountability is minus ZERO in Nigeria or rather "ZOOGERIA"

Go and read about how Oando acquired Conoco’s assets just before oil prices fell….If the gamble worked out, you would have been here calling the management geniuses

Tranquility2345:
.How does Kaduna refinery all the way in the north get feedstock?

When has KD refinery worked? Maybe in the 80s , it hasn't worked in the last 20 years, their trucks goto Lagos, pH to buy fuel.
Try to use your brain.

HRMK:
U SHOULD KNOW SINCE ITS THE AILMENT OF YOUR ANCESTORS PASSED DOWN TO GENERATIONS BORN AND UNBORN!I THINK YABA LEFT SHOULD BE ABLE TO TAKE CARE OF YOU!OR YOU GET REFERRED TO ARO ABEOKUTA!A REFINERY WORTH MULTI BILLIONS OF DOLLARS TO BE ESTABLISHED IN WHAT IS NOT BETTER THAN A WAR ZONE!AN slowpoke!ITS AN INSULT TO JOIN ISSUES WITH A NONENTITY LIKE YOU!!

Like I said, argue with facts, present your point with some intelligence, try to at least pretend that you have a brain, it can be smaller than a mustard seed no problem.

When you resort to insult when someone opposes your views then you have a problem.
And try to see your psychiatrist today, bill is on the house.

Tranquility2345:
Go and read about how Oando acquired Conoco’s assets just before oil prices fell….If the gamble worked out, you would have been here calling the management geniuses

Is that the subject of the matter?

So the same brilliance they plan to use to acquire assets from conoco could not be used to avoid those huge losses?. I repeat my statement, "the management should be sacked immediately"

Tranquility2345:
Stop yearning dust. These refinery projects including Dangote received Pioneer tax status for their projects. You go just open mouth waaaaaa….

Go and read my comment again.

It is not only giving them pioneer tax status. The FG has to act an investor And not has a money lender.

They must invest in it like they own it.

The honest truth why Nigeria is where it's today can be found in the bible and I quote. "My people perish because they lack knowledge". We don't have Knowledgeable leaders at all in this country(From national to local). And due to that fact, we are not moving forward. And the country is perishing.

JoeNL22:
Go and read my comment again.

It is not only giving them pioneer tax status. The FG has to act an investor And not has a money lender.

They must invest in it like they own it.

The honest truth why Nigeria is where it's today can be found in the bible and I quote. "My people perish because they lack knowledge". We don't have Knowledgeable leaders at all in this country(From national to local). And due to that fact, we are not moving forward. And the country is perishing.

The annoying thing is after 60 years of independence. We don't have a functional refinery in an oil producing country. It is so sad.

What is the solution?. SIMPLE! The FG should become an investor not a lender. This is what I mean. For example. Glorious oil wants to build a refinery and it will cost them 800 billion naira. (Grade A / World class refinery).
What the FG just need to do is to get involved in the project (commit 50% of the funds as an investor) and build the refinery together. Hence when the refinery is operational and starts making money. We will share it the profits 50-50(based on the % of funds the government drops). The reason why Dangote is finding it hard to complete the project is because he will borrow money(I.e 100 billion) for the project, and he must pay interest of let say 10%(that means he will pay a 110 billion naira to his debtors). After he has exhausted the money(100 billion) for the building of the project. He must repay the 110 billion before they will give him another loan. And the annoying thing is, it might take him a year or 2 yrs before he repays the debit. Therefore the project has been stalled for a full year before it is recommenced again. And it will take the government another 6 months before they can approve another loan(i.e 200 billion). So you see the reason why a journey of 1 year is already turning to a journey of 10 years. And this is the major primary reason why the project is taking so long to complete.
That is why I said the government must act as an investor and not a lender for this project to be completed. One person can't do it alone. If a tree can't make a forest, then why should we expect dangote to build the refinery alone??. The truth is some people (cabals) are making more money than Nigeria right now in the oil industry. And they will not want anything or anyone to change the current system of operations in this country.

Africa’s richest man Aliko Dangote seeks to raise an additional $1.1 billion to complete his refinery project by 2023
May 14th 2022, 2:52:34 pm

According to the report, Dangote has invested all his cash and even borrowed to finance the refinery project.
The report claims that the only way Dangote can raise money is through the sale of bonds by his cement company, Dangote Cement.
A new report claims that Africa’s richest man, Aliko Dangote, does not have the kind of money needed to complete his refinery by 2023.

The report published by Fitch, the world’s biggest global rating agency, alleges that the Nigerian billionaire requires an additional $1.1 billion (900 billion) to complete the refinery but has invested all his cash and even borrowed to finance the refinery project.

According to the report, the Dangote refinery project is still on track to be completed by 2023 and requires an additional USD1.1 billion capex in 2022 to be partly funded by the new bond.

The report adds that Dangote Industries Limited (DIL) is planning to establish a local bond programme amounting to USD750 million to partially finance the completion of its refinery and petrochemical plant. DIL's subsidiaries - Dangote Oil Refining Company Limited (DORC) and Dangote Fertiliser Limited (DFL) - will be co-obligors under the proposed programme.


“Funding for the completion of the refinery project is expected to be partly covered by proceeds of the new bond. If the transaction is not successful, or should completion costs overrun or market conditions in the cement or urea sector deteriorate materially, we do not believe that DIL's existing creditors would have further lending capacity. We believe that further asset sales, either in cement or stakes in the projects, would be the more likely options to address funding of the refinery.”

Fitch also noted that Dangote Industries suffers from weak corporate governance, adding that it’s a risk for Dangote, who already has a lot of power over operations, to remain the largest shareholder and CEO of the project.

In the report, Fitch said, “DIL has a complex group structure with a large amount of related-party transactions, with a negative effect on operational and financial transparency. We also view the dominance of Aliko Dangote, as CEO and the main shareholder, in operations as an additional risk.”

Fitch concluded its report by saying that the refinery project is expected to sustain strong margins and yield solid cash generation, adding diversification to DIL's profile and allowing rapid deleveraging.

“Once operational, we expect this project to contribute around USD1 billion to EBITDA annually when ramped up from 2024,” it added.
VICTOR OLUWOLE
JOIN BUSINESS INSIDER AFRICA

9jaRealist:
Which Fitch abegi?!
The same Fitch that rated this Bond offering “AA”?!

Abegi quit pulling fiction out of your behind…
And see Fitch’s rating here: https://www.businessamlive.com/fitch-rates-dangote-industries-n300bn-series-1-bond-aa-with-stable-outlook/
>

If Dangote try 1/100 of what he does in Nig in say South Africa, he will get 500years wearing orange suits lol.... But this is Nigeria where some people have mucus for brain!

Int'l Lenders will eventually own that Refinery, mark my words! His Cash cow is no more! By then, I hope hunger have decimate some urchins here though!

Transcriber:
trash talk
Indians do all what you said
Yet they work people to their deaths with 30k salary

Fuccck off with your stupid grammar

Bigkoko:
If Dangote try 1/100 of what he does in Nig in say South Africa, he will get 500years wearing orange suits lol.... But this is Nigeria where some people have mucus for brain!

Int'l Lenders will eventually own that Refinery, mark my words! His Cash cow is no more! By then, I hope hunger have decimate some urchins here though!

that idiot was trying to fool me with verbosity
Dangote is obviously not clean