₦airaland Forum

"20 Million Naira Was Equivalent 5 Million Dollar In 1990"- Jim Ovia Recounts How He Started Zenith Bank (Video)


https://www.youtube.com/watch?v=iJWXG83cH0Q?si=tvy51uxwihD79rzg

Holly Gram How did we get here


Chai!!! EBIN PAWA ooo !!!!


This KUNTRY don tire me. Na only ASHAWO house and my WEED de give me joy


ASHAWO house wey I go yesterday night.


Chai. All the slim slim fine girls don sleep finish..


Na only the fat fat once de outside around that 1am in the night..


Bross i gats carry one fat girl ooo because my PREEK don already STAND like STANDING FAN..

As we enter room and she remove cloth. Chai. NaSo her armpit begin smell


Before I know waiting de Xup she don jack me NACK for bed. Begin NACK NACK me up and down..


I de shout.. nobody gree EPP me!!


Bross this girl nearly shift my PREEK.


As she NACK me finish. All my body begin shake..


My too legs begin gum together with my PREEK


I no fit walker again..


To make the story short..


Na wheel chair dem use carry me comort with the help of some boys outside


LITE UP my WEED in peace


WTF MAN!

When corruption and sabotage started growing

Boogyman557:
Holly Gram How did we get here


Chai!!! EBIN PAWA ooo !!!!


This KUNTRY don tire me. Na only ASHAWO house and my WEED de give me joy


ASHAWO house wey I go yesterday night.


Chai. All the slim slim fine girls don sleep finish..


Na only the fat fat once de outside around that 1am in the night..


Bross i gats carry one fat girl ooo because my PREEK don already STAND like STANDING FAN..

As we enter room and she remove cloth. Chai. NaSo her armpit begin smell


Before I know waiting de Xup she don jack me NACK for bed. Begin NACK NACK me up and down..


I de shout.. nobody gree EPP me!!


Bross this girl nearly shift my PREEK.


As she NACK me finish. All my body begin shake..


My too legs begin gum together with my PREEK


I no fit walker again..


To make the story short..


Na wheel chair dem use carry me comort with the help of some boys outside


LITE UP my WEED in peace


WTF MAN!

You array mumu man..

Hehehe

Boogyman557:
Holly Gram How did we get here


Chai!!! EBIN PAWA ooo !!!!


This KUNTRY don tire me. Na only ASHAWO house and my WEED de give me joy


ASHAWO house wey I go yesterday night.


Chai. All the slim slim fine girls don sleep finish..


Na only the fat fat once de outside around that 1am in the night..


Bross i gats carry one fat girl ooo because my PREEK don already STAND like STANDING FAN..

As we enter room and she remove cloth. Chai. NaSo her armpit begin smell


Before I know waiting de Xup she don jack me NACK for bed. Begin NACK NACK me up and down..


I de shout.. nobody gree EPP me!!


Bross this girl nearly shift my PREEK.


As she NACK me finish. All my body begin shake..


My too legs begin gum together with my PREEK


I no fit walker again..


To make the story short..


Na wheel chair dem use carry me comort with the help of some boys outside


LITE UP my WEED in peace


WTF MAN!

We got here by the speed of sound

Just imagine saving a 20m in a US bank and u commot face for 34 years...

Now ur $5m will be smiling at u in the US bank with some interest... which may be converted to around eight billion one hundred twenty-six million one hundred fifty thousand naira

How far we’ve gone.

Meanwhile ₦20million today cant start you an average business with a good capital base.

Nb
In response to the kid who quoted me that
if i cannot use 20million for business i cannot manage ₦1billion

I dont sell cars but let me use car sales for example.
A direct tokumbo venza cost between 14 to 16 milion naira ,now tell me how many cars you can have in an average outlet with 20million naira?

..and so?

Is $1 yesterday $1 today

Is NGN1 yesterday NGN 1 today

The fact Volkswagen was NGN 300 at some point, does it mean everyone can afford it at that time

I agree, Nira has depreciated over time...it's a sad one...but brining this kind of analogy no cut am.

When NGN 20 M was $ 5 M ...how many people have these money in their account back then..both in Nigeria and USA

Check out

That's roughly #8billion naira now ...
The Question is how did he get the 20million naira ?

Rich man.

I love him already

Hmm

Lordofalmajiri:
That's roughly #8billion naira now ...
The Question is how did he get the 20million naira ?

how?

HIS EVIL, WASTEFUL, CORRUPT, SENSELESS, CARELESS AND WICKED GENERATION (PEOPLE BETWEEN THE AGES OF 55-88 YEARS) DESTROYED THIS COUNTRY.

A lot used to be good about this country.

When they were youths, they enjoyed a lot of benefits that includes good road, free education, electricity, scholarships, good and well paying jobs after graduation etc.

IT GOT TO THEIR TURN TO RULE AND TAKE OVER AND THEY DESTROYED EVERYTHING. NIGERIA CAN'T EVEN BE PROUD OF COMMON ELECTRICITY!

Right before their very shameless and evil eyes, ONE DOLLAR TO 50 KOBO BECAME ONE DOLLAR TO ₦2,000. LATER MOST OF THEM WILL BE BLAMING THE NEW GENERATION OF BEING LAZY AND CORRUPT...


WICKED OLD FOOLS.

Guess this is why every man should be wary of you

Jennyclay:
Rich man.

I love him already

Jennyclay:
Rich man.

I love him already

Eyah poor girl, keep salivating

And some people like Reno keep using the current resent abominable exchange rate to say that Nigeria has the cheapest fuel in Africa. That's because you are dividing their prices by 1500.

Why will your currency by 1500 times less than their own??

Low iq people everywhere

Within 8 months the naira has dropped from 500 to 1500. 3x. All our wealth slashed by ⅓ 1/3 by one single policy. Without any change in productivity or without any one resigning. Everyone is still working. They just lost one third of their wealth by no economic metric. And that is what you are using to justify high prices

I'm coming to this

Na only north and west don rule rule this country ...they never gave an Igbo man a chance and still don't...and they wonder how we got here

adioolayi:
..and so?

Is $1 yesterday $1 today

Is NGN1 yesterday NGN 1 today

The fact Volkswagen was NGN 300 at some point, does it mean everyone can afford it at that time

I agree, Nira has depreciated over time...it's a sad one...but brining this kind of analogy no cut am.

When NGN 20 M was $ 5 M ...how many people have these money in their account back then..both in Nigeria and USA

Sometimes it is better you keep quiet in topics beyond comprehension.

Them go use one girl for here do money

adioolayi:
..and so?

Is $1 yesterday $1 today

Is NGN1 yesterday NGN 1 today

The fact Volkswagen was NGN 300 at some point, does it mean everyone can afford it at that time

I agree, Nira has depreciated over time...it's a sad one...but brining this kind of analogy no cut am.

When NGN 20 M was $ 5 M ...how many people have these money in their account back then..both in Nigeria and USA

The problem is not just the depreciation of the naira but the purchasing power of the naira...

In 2015 the minum wage was 19800 and it could buy almost 4 bags of rice, now even the increased minimum wage cannot buy you 1 bag of rice.

That tells you that the economy was not balanced enough by the present and previous government to face the naira depreciation, in other words the government failed to do their duties...

He should also tell us how he lobbied for Emefailure to become the CBN Governor.

Crooks always pontificating in Nigeria

onthehill:
"20 Million Naira Was Equivalent 5 Million Dollar In 1990"- Jim Ovia Recounts How He Started Zenith Bank (Video)


https://www.youtube.com/watch?v=iJWXG83cH0Q?si=tvy51uxwihD79rzg

if my history serves me correct Zenith Bank was not started by Jim Ovia, it was known as Zenith Merchant Bank in the early 90s. Jim came back from the states and worked in defunct IMB in Victoria Island and then was able to take over Zenith Merchant Bank and renamed it Zenith Bank.

I guess money made from SAP during IBB

Who's going from Abj to Lagos i can join, I'm still stucked here.

Lordofalmajiri:
That's roughly #8billion naira now ...
The Question is how did he get the 20million naira ?

Round - Tripping during that time was not really known by many banks ! He grab that opportunity 😜 to hammer

Beverlyjean:
Na only north and west don rule rule this country ...they never gave an Igbo man a chance and still don't...and they wonder how we got here

Go and get a primary school social studies note before disgracing your parents on a public forum.