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GUO@75: How I Became A Millionaire At 21 - Business (5) - Nairaland

Nairaland ForumNairaland GeneralBusinessGUO@75: How I Became A Millionaire At 21 (39486 Views)

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Re: GUO@75: How I Became A Millionaire At 21 by aikyg(m): 11:55am On Jun 07, 2024
Starzo:
So you created over 20 bank accounts to steal


This yahoo matter don tay
Read it again. He said that when people were depositing the old currency notes that the Igbos had, so they can exchange them for the new currency notes, he noticed that the bank officials were not counting the money. So if an Igbo person brings ten thousand pound of the old money to open an account, the bank will open the account with 20 pounds instead 10 thousand. The bank will eventually pay the account holder only 20 pounds of the new money.

What he did was legal. He opened 20 bank accounts and distributed his entire life savings across the 20 accounts. He ended up getting only 20 pounds from each account, as against his entire life savings.

This is one evil metted out to the Igbo. However, like Phoenix, they rose to become the most successful and most enterprising ethnic group in Africa.
Re: GUO@75: How I Became A Millionaire At 21 by finallybusy: 12:00pm On Jun 07, 2024
I didn’t read. Good for him anyway.
Re: GUO@75: How I Became A Millionaire At 21 by madridguy(m): 12:13pm On Jun 07, 2024
Interesting grin grin

Unlimitedwords:
This continued, and by the time the Nigerian government announced they would pay each person 20 pounds, I noticed that the bank officials were not properly counting the money people were bringing in. I realized they might just give a flat rate to everyone, so I worked with my brothers to open 28 different accounts and collected the 20 naira per account.
Re: GUO@75: How I Became A Millionaire At 21 by searchlight: 12:28pm On Jun 07, 2024
Every wealthy man has one way or the other that he cheated but GUO was smart shaaa. Happy birthday day man. What about that your brother that helped you to open 28 accounts? Did you get rich alongside him or you left him in abject poverty?
Re: GUO@75: How I Became A Millionaire At 21 by Hammylawali: 12:29pm On Jun 07, 2024
Starzo:
So you created over 20 bank accounts to steal


This yahoo matter don tay
I read that part twice, so I can understand the crime he committed and painted on our faces.
Re: GUO@75: How I Became A Millionaire At 21 by Nobody: 12:40pm On Jun 07, 2024
This guy, cyprain ekwensi and chinua achebe have same facial looks are they brothers?
Re: GUO@75: How I Became A Millionaire At 21 by Psoul(m): 12:53pm On Jun 07, 2024
Unlimitedwords:
GUO@75: How I Became a Millionaire at 21



https://www.youtube.com/watch?v=umAd-692DnM?si=A1pZGjIvyKNNdm7P

After the Nigerian Civil War ended in 1970, people were scrambling to rebuild their lives. Fortunately, I had left my village just three days after the war ended and came down to Onitsha, where God immediately started blessing me.

As I arrived in Onitsha in my father's 404 saloon car, surveying the damage the war had caused, I was about to leave the market near the Fegge police station when some people approached me. They asked if I could take them to Enugu. I told them I hadn't been outside Onitsha since the end of the war, but I would do it for 1 pound per person. They agreed, and eight of them jumped into my Peugeot 404. I made 8 pounds in one trip, and without hesitation, I drove them to Enugu.

At Ogbete in Enugu, another group asked if I was going back to Onitsha, and I collected another 8 pounds, making a total of 16 pounds. At that time, there were hardly any vehicles on the road, as people were still hiding in their villages. I was amazed at the amount of money I had made and decided to go back to my village in Adazi-Ani to inform my parents about what I had seen and experienced in Onitsha.

My parents were worried that I had left without telling them, and they even tried to punish me. However, once I explained what had happened, they calmed down. My mother was more concerned about my safety than the money I had made. I assured them that nothing would happen to me and that I would be returning to Onitsha early the next morning to start a new business.

The money I had made from the trips, I gave to my parents without keeping any for myself. From 6 am the next day, I was running back and forth between Onitsha and Enugu, making good money.

This continued, and by the time the Nigerian government announced they would pay each person 20 pounds, I noticed that the bank officials were not properly counting the money people were bringing in. I realized they might just give a flat rate to everyone, so I worked with my brothers to open 28 different accounts and collected the 20 naira per account.

With the money I had accumulated, I started trading and bought Volkswagen vans, which were popular in the 1970s. I would go to factories, looking for distributorship, and by 1971, 1972, and 1973, I had made enough money through both trading and transportation. From there, I started travelling to China, Japan, and Hong Kong to import goods, and my business kept growing, ultimately making me a millionaire by the age of 21.
The Nigeria government decided to cheat the Igbos after the war. A smart Info man found a way to recoup a little from the much the government decided to steal from him.

He and his father had much more that what he collected from the extra account he created.
Re: GUO@75: How I Became A Millionaire At 21 by bigpicture001: 1:12pm On Jun 07, 2024
Greenfaces:
May God help us
You opened 20 different accounts to take 20 naira each. Trust me 20 different people didn't get that 20 naira because of your decision and they were poor. How do you pay them now for all they lost in life
Mumu, u do not understand him....den only 20pounds were given to anyone who had dated much or above in the bank..so him.having alot of money which is about to b useless to him...he found 28 person which a bank account or even any hope of having money in the account if opened for them...he opened with their identity, lodged in his money which in turn was made worthless and then 20pounds was paid back to owners of the accts as a compensation...

So because he owns the funds they withdrew for him ndhe settled the a Lil token then continued his life
Re: GUO@75: How I Became A Millionaire At 21 by koning: 1:16pm On Jun 07, 2024
Starzo:
So you created over 20 bank accounts to steal


This yahoo matter don tay
He simply used his sharp Igbo sense to recover some of his money. Awolowo was given out 20 pounds only to every Biafran. What if he had more than 5000 pounds in his account then.

Blame it on AWO.
Re: GUO@75: How I Became A Millionaire At 21 by emmykk(m): 1:25pm On Jun 07, 2024
IkeIgboNiile:
Thank you for telling your real story not the cock and bull stories many Nigerian billionaires are used to telling.
If we consider what the war took from them,it is not yahoo yahoo
Re: GUO@75: How I Became A Millionaire At 21 by AngelicBeing: 1:29pm On Jun 07, 2024
aikyg:
Read it again. He said that when people were depositing the old currency notes that the Igbos had, so they can exchange them for the new currency notes, he noticed that the bank officials were not counting the money. So if an Igbo person brings ten thousand pound of the old money to open an account, the bank will open the account with 20 pounds instead 10 thousand. The bank will eventually pay the account holder only 20 pounds of the new money.

What he did was legal. He opened 20 bank accounts and distributed his entire life savings across the 20 accounts. He ended up getting only 20 pounds from each account, as against his entire life savings.

This is one evil metted out to the Igbo. However, like Phoenix, they rose to become the most successful and most enterprising ethnic group in Africa.
smiley
Re: GUO@75: How I Became A Millionaire At 21 by Greenfaces: 1:31pm On Jun 07, 2024
bigpicture001:
Mumu, u do not understand him....den only 20pounds were given to anyone who had dated much or above in the bank..so him.having alot of money which is about to b useless to him...he found 28 person which a bank account or even any hope of having money in the account if opened for them...he opened with their identity, lodged in his money which in turn was made worthless and then 20pounds was paid back to owners of the accts as a compensation...

So because he owns the funds they withdrew for him ndhe settled the a Lil token then continued his life
You're a failure
Re: GUO@75: How I Became A Millionaire At 21 by Chigold101(m): 2:34pm On Jun 07, 2024
Greenfaces:
May God help us
You opened 20 different accounts to take 20 naira each. Trust me 20 different people didn't get that 20 naira because of your decision and they were poor. How do you pay them now for all they lost in life
The writer of this story is mischievous.
He couldn't have created empty account.
He created multiple accounts which kept money in all them. Because he felt if he keeps all his money in one account, they will give him only ₦20 for all the money.

The writer left story hanging
Re: GUO@75: How I Became A Millionaire At 21 by Emyogalanya: 2:41pm On Jun 07, 2024
Not one mention of lagos in the whole story? I thought they said the whole Igbo's ran to lagos after the war? Smart Igbo man with 28 accounts. Nice one my inlaw but the Vigilantee you Invited nearly killed my daughter with their vehicle near st peter last year. We ended up at your rise hospital. Thank god ct Scan came out well
Re: GUO@75: How I Became A Millionaire At 21 by yeshuasfootstep(m): 2:46pm On Jun 07, 2024
G U O my brother, though the system was unjust by depriving people of their real money worth even after mouthing 'no victor, no vanquished'.

You must understand that two wrongs cannot make a right, so that aspect of opening multiple accounts is wrong, and I hope you see it so and teach the youths so.

That you mentioned it, shows you're honest and trustworthy which explains why you built a very solid system.

Keep winning.
Re: GUO@75: How I Became A Millionaire At 21 by Dminister(m): 2:55pm On Jun 07, 2024
In this world just be smart I swear wealth will be your friend.
Re: GUO@75: How I Became A Millionaire At 21 by IkeIgboNiile(m): 3:01pm On Jun 07, 2024
emmykk

If we consider what the war took from them,it is not yahoo yahoo

Yes you're right.
Re: GUO@75: How I Became A Millionaire At 21 by sacajawea(m): 3:03pm On Jun 07, 2024
azpekuliar:
You miss the point. At least he is honest enough to tell us how he raised capital through crooked means. I will take that over the one that said he started a bank with N20m, how did you raise the N20m oga? cheesy grin
Are you Igbo?
Re: GUO@75: How I Became A Millionaire At 21 by azpekuliar: 3:24pm On Jun 07, 2024
sacajawea:
Are you Igbo?
I am not.
Re: GUO@75: How I Became A Millionaire At 21 by Front0lane: 3:38pm On Jun 07, 2024
Personally they shouldn't have been paid a dime. All those with their pass book got paid all their money only those that can prove how much was in their account were paid the 20 Pound which should never have been the case. Once you are unable to provide the passbook you should forfeit the funds in the acct automatically since there was no prove ascertaining you had any money in the account n I can authoritatively tell you all the Igbos back then put together had no single Kobo in their account against your foolish claim of them having more than the 20 pounds.

Nowhere in the history of human kind as money been paid to anyone because you lost evidence to prove you own an account or can not prove how much you had in such account. I have read extensively n I know for a fact igbos that could not proof they had any money in their account did not deserve that 20 pounds given to them.


Henix:
Not all worth millions but majority of them worth far more than the wicked policy of paying them 20 pounds flat, including this very man that just stated in his story that he was making 16 pounds per day by using his car to convey passengers from Onitsha to Enugu immediately after the civil war ended.

He opened 28 accounts but I'm sure he still got far below what he worth as of then, for someone who was making 16 pounds per day.

Moreover, there is hardly a billionaire who doesn't 1 or 2 dirty dealing that skyrocketed him
Re: GUO@75: How I Became A Millionaire At 21 by Front0lane: 3:45pm On Jun 07, 2024
Like Peter Pandora Obi right ?!

Henix:
Moreover, there is hardly a billionaire who doesn't 1 or 2 dirty dealing that skyrocketed him
Re: GUO@75: How I Became A Millionaire At 21 by paulchucks: 4:36pm On Jun 07, 2024
All these people calling him a yahoo boy don't you know that he is not and that theyou Nigerian govt is the real yahoo boy that no matter how much he deposited in those 20 accounts even if it 1000pounds will only receive 20pounds he is try to cut his loss and they don't give you free is exchange
Re: GUO@75: How I Became A Millionaire At 21 by Juju70(m): 5:11pm On Jun 07, 2024
azpekuliar:
That is how to tell a success story not I started Zenith bank in 1990 with N20m from the sky Jim Ovia type story.
Nor mind jim cok n bull story
Re: GUO@75: How I Became A Millionaire At 21 by prophetfire: 8:04pm On Jun 07, 2024
SpatialKing:
This is Joewezeza dad right
No. Joweezaza's dad is Jezco oil.
They're all contemporaries anyway.
Re: GUO@75: How I Became A Millionaire At 21 by Halo22: 9:29pm On Jun 07, 2024
Happy birthday Onwa Adaziani...... Ezigbo Nwafo Igbo.
Re: GUO@75: How I Became A Millionaire At 21 by femmy2010(m): 2:44am On Jun 08, 2024
Starzo:
So you created over 20 bank accounts to steal


This yahoo matter don tay
First sincere rag to riches stories I would read in my life.
Re: GUO@75: How I Became A Millionaire At 21 by lailo: 7:21am On Jun 08, 2024
So many people are already congratulating the fraudster. No wonder our country is what it is today undecided
Besides, this is not a grass to grace story. This is purely a spoilt rich man pikin who was into yahoo then, and took advantage of the failed system to enrich himself at the detriment of poor populace.
Re: GUO@75: How I Became A Millionaire At 21 by MGDIMA4: 7:44am On Jun 08, 2024
cunny88:
You can imagine the audacity, openly admitting to a crime, because he knows how shitty the country is
It's a pity


That's also yahoo yahoo naa
Re: GUO@75: How I Became A Millionaire At 21 by cibekow: 8:00am On Jun 08, 2024
True story of a billionaire
Re: GUO@75: How I Became A Millionaire At 21 by rinzaugustine: 2:58am On Jun 09, 2024
luskysylver:
HE HAS BEEN CONSISTENT WITH THIS STORY ALL THE YEARS. SO THERE IS AN ELEMENT OF TRUTH IN IT
Exactly, he has been telling the story without changing it since the 80s, even his wife would tell her friends the same story back them so I don’t see any lie there
Re: GUO@75: How I Became A Millionaire At 21 by rinzaugustine: 3:13am On Jun 09, 2024
43Ronin:
Before the war, there were millions of igbo people in the civil service. In fact there was shortage of staff up north due to no education that igbos had to fill those areas so the northern Civil service could operate. Giving igbos only 20 naira means their salaries, pensions, gratuities and properties all over Nigeria were stolen. It was the theft that made people like awolowo and even Nigeria become rich. But look at the regions that stole the wealth, they are worse off than the igbo region. High poverty, out-of-school children, unemployment, high rare of beggars, low per capita income etc. You know why? Because thieves can never share their loot for the good of the people
exactly!
Re: GUO@75: How I Became A Millionaire At 21 by careidon: 6:07am On Jun 09, 2024
Haaa Nairaland with interesting reasoning!
There's too much bias being read to what was written up here to say/imply lots of what was not mentioned.
went from N580 to 1m in a few years gbam! (selling to people with only N20 trying to rebuild their lives after a war. Where was the purchasing power from if he only traded in the East?) without judging or assuming outside what's written here, it is rational to say the story is not complete still - just a balanced observation.
Again from what's up here, the guy admitted he played a fast one (he was not getting Naira for Naira, so it doesn't matter if it was zero account or not. The cash he puts in the opened accounts was money he & nobody wanted or could use again is the point) no need for arguments.
He was also opportunistic, over-billing war ravaged folks for the 1pound because of higher demand than supply.

There was a war (that always come with loses), Biafran currency was introduced - the same liquidated after the war because there simply was no where to spend or legally exchange it anymore. The nation that issued it was no more! The loss started when their Naira holdings were turned to Biafran currency. No fault of FG or Awolowo or any other person. - folks that kept Naira or even foreign accounts and were still alive resumed their accounts. (Let's be careful when instigating fights and wars. Ask/think what happens if I/we lose)

It was not a case of stealing their money as folks are twisting the history. The SW abounds with stories of people that never left (and yes, it was not generally same in the North where properties were looted and burnt. The killings that started it all was in the North rem) and those that came back to their properties, even getting accumulated rents with.

@Cars - btw N3000-4000 in 1974, lots of owners were civil servants thru car loans then. Others got the best motorcycle for 320-420 and bicycles for 18pounds. Nigeria was good and You don't have to be super rich like folks are pushing narratives here.

In all, he worked hard. He travelled out. He came back and played hard in the transport sector. Congrats on his new age.
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