₦airaland Forum

I thought along this line.

Seems the bonus will be delayed until after the RI...

Streetinvestor2:
IOndo will go above #50 next week.It is just street sense. The price was being kept low for accumulations that has been happening.
When is our second batch of bonus for the yr coming

Wait doe corporate disclosure to confirm the details.

I want to believe that the price will be moved closer [or above] ₦50 before/during RI commencement...

Harddiskng:
I was just thinking now to myself - who TF runs Oando, isn’t time for genius to step aside.

Like WTF.

In addition to diluting my ownership, they want me take up their right issue that is for some reason cleverly priced above current market price. TF!

This notice is not pushing oando price past N50, the insider that want it for themselves would buy it by themselves i guess. Smh

aj8:
Common Sense Target for NB is N74.08-89.04.

Using H1
(8.28+2.85) x 2 x4 =89.04

Using Q2
(1.42+3.21) x4 x 4 = 74.08

Range = 74.08-89.04

https://doclib.ngxgroup.com/Financial_NewsDocs/46016_NIGERIAN_BREWERIES_PLC.-EARNINGS_RELEASE_FULL_YEAR_2025_CORPORATE_ACTIONS_FEBRUARY_2026.pdf



Nigerian Breweries made significant price appreciation within the above estimate. Expect some drop in price on the FY
Common Sense value still good for (3.19 + 12.07) x 5 = 76.30

I don’t see it dropping below (3.19+12.07) x 4 = 61.04

Range adjusted to 61.04 -76.30

Will load more if it approaches 61 though I doubt it would drop to 61 based on the current momentum.

Likely to aim for interim dividend in 2026 which could lift it into 90s.

emmanuelewumi:
21 years stock price history of Presco. That was even after a 1 for 1 bonus in 2008

Meaning 1 million units bought for about N12 million, increased to 2 million units.

Currently valued at over N3.4 billion

I wish to ask: are there other companies like Presco and Okomu whose returns over the years have been so stellar and consistent?

The Illusion of "Your Network Is Your Net Worth"
In Nigeria and many other societies, young people have been heavily influenced—if not outright indoctrinated—by religious organizations, social media influencers, and motivational speakers who relentlessly promote the slogan: "Your network is your net worth." This catchy phrase implies that one's financial success hinges primarily on the people they know. I respectfully disagree. Far too often, these networks are structured in ways that systematically erode both intrinsic (personal fulfillment) and extrinsic (financial) net worth through subtle forms of social taxation and exploitation.

In a previous article published on Nairaland,

https://www.nairaland.com/8614359/illusion-social-harmony-abuja

"The Illusion of Social Harmony in Abuja," I examined how the pursuit of belonging in elite social circles frequently undermines true financial independence. The same dynamic appears across many networking systems: the primary bond is not mutual benefit or shared opportunity, but rather an unfulfilled craving for belonging and a deep-seated fear of isolation.

Consider the classic example of golf clubs and country clubs, which frequently target middle-class professionals with membership fees designed to generate steady cash flow for the club's operations. Members derive a temporary sense of fulfillment and status simply from affiliation—believing they are rubbing shoulders with high-net-worth individuals. In reality, this "access" rarely translates into meaningful economic advancement. Instead, members often channel significant portions of their income into club dues, high-end dining, events, and socializing. Over time, many deplete their savings, accumulate credit card debt at exorbitant interest rates, and find themselves financially worse off—all in service of an illusion of proximity to wealth.

A parallel pattern exists in many religious organizations. Members are organized into cells, which aggregate into house fellowships, satellite churches, parishes, zones, and regions. This hierarchical structure fosters a powerful sense of community and purpose. Yet it often comes at a steep cost: regular tithes, offerings, special levies, and donations that divert disposable income away from personal wealth-building. Participants sustain the network's growth and infrastructure, frequently at the expense of their own financial stability, all in the name of spiritual belonging and communal identity.

In the digital age, technology has amplified this illusion through virtual communities—faceless forums, social media groups, and influencer ecosystems—where ordinary individuals appear to achieve extraordinary feats. While wisdom, strategic content distribution, and thoughtful engagement can indeed transform modest portfolios into substantial wealth (sometimes reaching eight or even nine figures), such outcomes are exceptions driven by discipline, due diligence, and value creation—not mere participation in a network.

True net worth is not a byproduct of affiliation or proximity to others' success. It emerges from patient, consistent wealth-building grounded in knowledge, understanding of capital markets, and disciplined investment. Generational wealth transfers—such as those occurring from baby boomers to younger generations—reward those who prioritize financial literacy, compounding returns, and independent decision-making over the seductive pull of social validation.

In conclusion, while strategic, value-aligned relationships can certainly accelerate progress, the uncritical embrace of "Your network is your net worth" often leads to exploitation rather than empowerment. Young Nigerians—and indeed anyone navigating modern social and professional landscapes—must approach networks with discernment. Prioritize self-mastery, financial education, and deliberate wealth accumulation over the fleeting comfort of belonging to the "right" crowd. Only then can one build genuine, lasting net worth rather than perpetuate its illusion.

Mankind2024:
The Illusion of "Your Network Is Your Net Worth"
In Nigeria and many other societies, young people have been heavily influenced—if not outright indoctrinated—by religious organizations, social media influencers, and motivational speakers who relentlessly promote the slogan: "Your network is your net worth." This catchy phrase implies that one's financial success hinges primarily on the people they know. I respectfully disagree. Far too often, these networks are structured in ways that systematically erode both intrinsic (personal fulfillment) and extrinsic (financial) net worth through subtle forms of social taxation and exploitation.

In a previous article published on Nairaland,

https://www.nairaland.com/8614359/illusion-social-harmony-abuja

"The Illusion of Social Harmony in Abuja," I examined how the pursuit of belonging in elite social circles frequently undermines true financial independence. The same dynamic appears across many networking systems: the primary bond is not mutual benefit or shared opportunity, but rather an unfulfilled craving for belonging and a deep-seated fear of isolation.

Consider the classic example of golf clubs and country clubs, which frequently target middle-class professionals with membership fees designed to generate steady cash flow for the club's operations. Members derive a temporary sense of fulfillment and status simply from affiliation—believing they are rubbing shoulders with high-net-worth individuals. In reality, this "access" rarely translates into meaningful economic advancement. Instead, members often channel significant portions of their income into club dues, high-end dining, events, and socializing. Over time, many deplete their savings, accumulate credit card debt at exorbitant interest rates, and find themselves financially worse off—all in service of an illusion of proximity to wealth.

A parallel pattern exists in many religious organizations. Members are organized into cells, which aggregate into house fellowships, satellite churches, parishes, zones, and regions. This hierarchical structure fosters a powerful sense of community and purpose. Yet it often comes at a steep cost: regular tithes, offerings, special levies, and donations that divert disposable income away from personal wealth-building. Participants sustain the network's growth and infrastructure, frequently at the expense of their own financial stability, all in the name of spiritual belonging and communal identity.

In the digital age, technology has amplified this illusion through virtual communities—faceless forums, social media groups, and influencer ecosystems—where ordinary individuals appear to achieve extraordinary feats. While wisdom, strategic content distribution, and thoughtful engagement can indeed transform modest portfolios into substantial wealth (sometimes reaching eight or even nine figures), such outcomes are exceptions driven by discipline, due diligence, and value creation—not mere participation in a network.

True net worth is not a byproduct of affiliation or proximity to others' success. It emerges from patient, consistent wealth-building grounded in knowledge, understanding of capital markets, and disciplined investment. Generational wealth transfers—such as those occurring from baby boomers to younger generations—reward those who prioritize financial literacy, compounding returns, and independent decision-making over the seductive pull of social validation.

In conclusion, while strategic, value-aligned relationships can certainly accelerate progress, the uncritical embrace of "Your network is your net worth" often leads to exploitation rather than empowerment. Young Nigerians—and indeed anyone navigating modern social and professional landscapes—must approach networks with discernment. Prioritize self-mastery, financial education, and deliberate wealth accumulation over the fleeting comfort of belonging to the "right" crowd. Only then can one build genuine, lasting net worth rather than perpetuate its illusion.

When one is still trying to build his capital base and get wealthy (make first 500m capital base), social life should not be a priority because it promotes wrong values like instant gratification, lifestyle inflation, short term thinking, spending to show off.

The funny thing is that you may be spending your capital to belong with men spending their ROI. A man should be comfortable being alone at the get wealthy phase of life to increase saving and investment rate. You don't need any unnecessary expense. Most of the rich gathering is about spending to show you belong. If they drink wine of 2m naira in their gathering that becomes your standard. Their value comes from cost . You are better off alone except you are chasing contract from them.

Cash Flow is King

They have POSITIONED themselves already

Sunrisepebble:
If you don’t buy it, Wale and his friends will have no problem taking up the rights

Mankind2024:
The Illusion of "Your Network Is Your Net Worth"
In Nigeria and many other societies, young people have been heavily influenced—if not outright indoctrinated—by religious organizations, social media influencers, and motivational speakers who relentlessly promote the slogan: "Your network is your net worth." This catchy phrase implies that one's financial success hinges primarily on the people they know. I respectfully disagree. Far too often, these networks are structured in ways that systematically erode both intrinsic (personal fulfillment) and extrinsic (financial) net worth through subtle forms of social taxation and exploitation.

In a previous article published on Nairaland,

https://www.nairaland.com/8614359/illusion-social-harmony-abuja

"The Illusion of Social Harmony in Abuja," I examined how the pursuit of belonging in elite social circles frequently undermines true financial independence. The same dynamic appears across many networking systems: the primary bond is not mutual benefit or shared opportunity, but rather an unfulfilled craving for belonging and a deep-seated fear of isolation.

Consider the classic example of golf clubs and country clubs, which frequently target middle-class professionals with membership fees designed to generate steady cash flow for the club's operations. Members derive a temporary sense of fulfillment and status simply from affiliation—believing they are rubbing shoulders with high-net-worth individuals. In reality, this "access" rarely translates into meaningful economic advancement. Instead, members often channel significant portions of their income into club dues, high-end dining, events, and socializing. Over time, many deplete their savings, accumulate credit card debt at exorbitant interest rates, and find themselves financially worse off—all in service of an illusion of proximity to wealth.

A parallel pattern exists in many religious organizations. Members are organized into cells, which aggregate into house fellowships, satellite churches, parishes, zones, and regions. This hierarchical structure fosters a powerful sense of community and purpose. Yet it often comes at a steep cost: regular tithes, offerings, special levies, and donations that divert disposable income away from personal wealth-building. Participants sustain the network's growth and infrastructure, frequently at the expense of their own financial stability, all in the name of spiritual belonging and communal identity.

In the digital age, technology has amplified this illusion through virtual communities—faceless forums, social media groups, and influencer ecosystems—where ordinary individuals appear to achieve extraordinary feats. While wisdom, strategic content distribution, and thoughtful engagement can indeed transform modest portfolios into substantial wealth (sometimes reaching eight or even nine figures), such outcomes are exceptions driven by discipline, due diligence, and value creation—not mere participation in a network.

True net worth is not a byproduct of affiliation or proximity to others' success. It emerges from patient, consistent wealth-building grounded in knowledge, understanding of capital markets, and disciplined investment. Generational wealth transfers—such as those occurring from baby boomers to younger generations—reward those who prioritize financial literacy, compounding returns, and independent decision-making over the seductive pull of social validation.

In conclusion, while strategic, value-aligned relationships can certainly accelerate progress, the uncritical embrace of "Your network is your net worth" often leads to exploitation rather than empowerment. Young Nigerians—and indeed anyone navigating modern social and professional landscapes—must approach networks with discernment. Prioritize self-mastery, financial education, and deliberate wealth accumulation over the fleeting comfort of belonging to the "right" crowd. Only then can one build genuine, lasting net worth rather than perpetuate its illusion.

In my opinion, the statement “Your Network Is Your Net Worth” is true, but it depends on how you view it. Networking does not always mean associating with rich people or joining elite social clubs. It means surrounding yourself with people who influence your mindset, habits, and opportunities. You are the average of the five people you associate with, so the quality of your circle shapes your growth.

Take this forum for example: the network and ideas shared here have, in many ways, shaped our investment models, and we have benefited from it. I remember the days of Cashcraft when we simply handed money to stockbrokers with little or no knowledge—at least in my case. But through networking on this forum, I have gained better understanding, confidence, and direction.

I have also seen people receive life-changing opportunities because of the people and places they associate with. In the same way, this network has increased my financial capacity and people-management skills. So while your network may not always give you money directly, it often gives you access, wisdom, and relationships that lead to real growth and lasting success.

Mankind2024:
The Illusion of "Your Network Is Your Net Worth"
In Nigeria and many other societies, young people have been heavily influenced—if not outright indoctrinated—by religious organizations, social media influencers, and motivational speakers who relentlessly promote the slogan: "Your network is your net worth." This catchy phrase implies that one's financial success hinges primarily on the people they know. I respectfully disagree. Far too often, these networks are structured in ways that systematically erode both intrinsic (personal fulfillment) and extrinsic (financial) net worth through subtle forms of social taxation and exploitation.

In a previous article published on Nairaland,

https://www.nairaland.com/8614359/illusion-social-harmony-abuja

"The Illusion of Social Harmony in Abuja," I examined how the pursuit of belonging in elite social circles frequently undermines true financial independence. The same dynamic appears across many networking systems: the primary bond is not mutual benefit or shared opportunity, but rather an unfulfilled craving for belonging and a deep-seated fear of isolation.

Consider the classic example of golf clubs and country clubs, which frequently target middle-class professionals with membership fees designed to generate steady cash flow for the club's operations. Members derive a temporary sense of fulfillment and status simply from affiliation—believing they are rubbing shoulders with high-net-worth individuals. In reality, this "access" rarely translates into meaningful economic advancement. Instead, members often channel significant portions of their income into club dues, high-end dining, events, and socializing. Over time, many deplete their savings, accumulate credit card debt at exorbitant interest rates, and find themselves financially worse off—all in service of an illusion of proximity to wealth.

A parallel pattern exists in many religious organizations. Members are organized into cells, which aggregate into house fellowships, satellite churches, parishes, zones, and regions. This hierarchical structure fosters a powerful sense of community and purpose. Yet it often comes at a steep cost: regular tithes, offerings, special levies, and donations that divert disposable income away from personal wealth-building. Participants sustain the network's growth and infrastructure, frequently at the expense of their own financial stability, all in the name of spiritual belonging and communal identity.

In the digital age, technology has amplified this illusion through virtual communities—faceless forums, social media groups, and influencer ecosystems—where ordinary individuals appear to achieve extraordinary feats. While wisdom, strategic content distribution, and thoughtful engagement can indeed transform modest portfolios into substantial wealth (sometimes reaching eight or even nine figures), such outcomes are exceptions driven by discipline, due diligence, and value creation—not mere participation in a network.

True net worth is not a byproduct of affiliation or proximity to others' success. It emerges from patient, consistent wealth-building grounded in knowledge, understanding of capital markets, and disciplined investment. Generational wealth transfers—such as those occurring from baby boomers to younger generations—reward those who prioritize financial literacy, compounding returns, and independent decision-making over the seductive pull of social validation.

In conclusion, while strategic, value-aligned relationships can certainly accelerate progress, the uncritical embrace of "Your network is your net worth" often leads to exploitation rather than empowerment. Young Nigerians—and indeed anyone navigating modern social and professional landscapes—must approach networks with discernment. Prioritize self-mastery, financial education, and deliberate wealth accumulation over the fleeting comfort of belonging to the "right" crowd. Only then can one build genuine, lasting net worth rather than perpetuate its illusion.

Pure turd. Networking only works if you are into politics or a very top job like CEO of a insurance firm or bank top exec.


Most things just boils down to skills. Once you got skills and put yourself out there, you are def bound to meet different folks there.

emmanuelewumi:
Cash Flow is King

My grand mother heirloom if sold is worth than my entire networth .

Sunrisepebble:
If you don’t buy it, Wale and his friends will have no problem taking up the rights

Every adage has several interpretations.

Your network is your net worth holds true and is not always about money.

Personally, i believe that every viable network should be mutually beneficial. If one part brings money/wealth to the table, the other party should bring value/skill to the table. It's while we are together at the table that parties can develop.

It reminds me of the “Win-Win” paradigm idea in The 7 Habits of Highly Effective People by Stephen Covey.

Real relationships/networks (business or otherwise) thrive when both sides are committed to mutual growth rather than extraction...

Thank you for your thoughtful response and for sharing your perspective—it's always valuable to hear real-world experiences that add nuance to the discussion.

I completely agree with you on one key point: genuine, value-driven networking can be transformative. Surrounding yourself with people who positively shape your mindset, habits, knowledge, and opportunities is powerful. The idea that "you are the average of the five people you spend the most time with" holds truth when those relationships are built on mutual growth, shared learning, and authentic exchange—exactly like the positive aspects you've described from forums such as Nairaland's investment sections. Forums like these often provide free access to collective wisdom, diverse viewpoints, and practical insights that empower individuals to make better independent decisions. In those cases, the "network" enhances personal agency and financial literacy without extracting a heavy toll.

However, the core of my article focuses on a very different category of networks: those that impose a premium social taxation (in the form of membership fees, recurring dues, annual dues, mandatory donations, levies, high-end spending obligations, or tithes framed as "seeds" on participants who willingly join under the illusion of associating with or gaining proximity to the truly wealthy or elite. These are not organic, knowledge-sharing communities but structured systems designed (intentionally or not) to generate sustained cash flow for the network itself—often at the direct expense of the member's net worth.

Examples I highlighted include:
- Country/golf clubs that charge substantial entry and annual fees, then encourage lavish spending in their bars/restaurants to "fit in," leading many middle-class members into debt while the promised "high-net-worth connections" rarely materialize into tangible opportunities.
- Certain religious organizations with multi-tiered structures (cells → fellowships → satellites → parishes → zones → regions) that rely heavily on financial contributions from members to sustain and expand the hierarchy, diverting income that could otherwise build personal wealth—all justified by the emotional reward of belonging and spiritual community.

In these setups, the attraction is often the promise of elevated status or indirect access to success, but the reality is a form of social taxation that drains resources without proportional returns. The participant ends up poorer (financially) while feeling richer (socially/emotionally) in the short term—an illusion that the article critiques.

Your experience with investment forums sounds like the healthier end of the spectrum: zero-barrier entry, knowledge-sharing, and empowerment through information rather than extraction through fees or obligations. That's precisely the kind of network worth cultivating—one that builds intrinsic capability and independence, not one that taxes you for the privilege of association.

The slogan "Your network is your net worth" becomes problematic when it's weaponized to lure people into exploitative structures under the guise of "networking for success." True net worth grows from patience, consistency, financial education, and disciplined capital allocation—not from paying premiums to feel connected to those who already have it.

I'd love to hear more about specific ways the forum has helped shape your approach—perhaps examples of ideas or strategies that led to real gains. That kind of grounded sharing aligns perfectly with building lasting wealth without the illusions.

Appreciate the dialogue!

Erniemax101:
In my opinion, the statement “Your Network Is Your Net Worth” is true, but it depends on how you view it. Networking does not always mean associating with rich people or joining elite social clubs. It means surrounding yourself with people who influence your mindset, habits, and opportunities. You are the average of the five people you associate with, so the quality of your circle shapes your growth.

Take this forum for example: the network and ideas shared here have, in many ways, shaped our investment models, and we have benefited from it. I remember the days of Cashcraft when we simply handed money to stockbrokers with little or no knowledge—at least in my case. But through networking on this forum, I have gained better understanding, confidence, and direction.

I have also seen people receive life-changing opportunities because of the people and places they associate with. In the same way, this network has increased my financial capacity and people-management skills. So while your network may not always give you money directly, it often gives you access, wisdom, and relationships that lead to real growth and lasting success.

Happy Val people ❣️❤️ share love around you.



😹Someone should gift me stocks for Val😚🥰😘

Sunrisepebble:
My portfolio gained 8 zeros this week

You shall get to 9 zeros real quick.

Mankind2024:
Thank you for your thoughtful response and for sharing your perspective—it's always valuable to hear real-world experiences that add nuance to the discussion.

I completely agree with you on one key point: genuine, value-driven networking can be transformative. Surrounding yourself with people who positively shape your mindset, habits, knowledge, and opportunities is powerful. The idea that "you are the average of the five people you spend the most time with" holds truth when those relationships are built on mutual growth, shared learning, and authentic exchange—exactly like the positive aspects you've described from forums such as Nairaland's investment sections. Forums like these often provide free access to collective wisdom, diverse viewpoints, and practical insights that empower individuals to make better independent decisions. In those cases, the "network" enhances personal agency and financial literacy without extracting a heavy toll.

However, the core of my article focuses on a very different category of networks: those that impose a premium social taxation (in the form of membership fees, recurring dues, annual dues, mandatory donations, levies, high-end spending obligations, or tithes framed as "seeds" on participants who willingly join under the illusion of associating with or gaining proximity to the truly wealthy or elite. These are not organic, knowledge-sharing communities but structured systems designed (intentionally or not) to generate sustained cash flow for the network itself—often at the direct expense of the member's net worth.

Examples I highlighted include:
- Country/golf clubs that charge substantial entry and annual fees, then encourage lavish spending in their bars/restaurants to "fit in," leading many middle-class members into debt while the promised "high-net-worth connections" rarely materialize into tangible opportunities.
- Certain religious organizations with multi-tiered structures (cells → fellowships → satellites → parishes → zones → regions) that rely heavily on financial contributions from members to sustain and expand the hierarchy, diverting income that could otherwise build personal wealth—all justified by the emotional reward of belonging and spiritual community.

In these setups, the attraction is often the promise of elevated status or indirect access to success, but the reality is a form of social taxation that drains resources without proportional returns. The participant ends up poorer (financially) while feeling richer (socially/emotionally) in the short term—an illusion that the article critiques.

Your experience with investment forums sounds like the healthier end of the spectrum: zero-barrier entry, knowledge-sharing, and empowerment through information rather than extraction through fees or obligations. That's precisely the kind of network worth cultivating—one that builds intrinsic capability and independence, not one that taxes you for the privilege of association.

The slogan "Your network is your net worth" becomes problematic when it's weaponized to lure people into exploitative structures under the guise of "networking for success." True net worth grows from patience, consistency, financial education, and disciplined capital allocation—not from paying premiums to feel connected to those who already have it.

I'd love to hear more about specific ways the forum has helped shape your approach—perhaps examples of ideas or strategies that led to real gains. That kind of grounded sharing aligns perfectly with building lasting wealth without the illusions.

Appreciate the dialogue!

I agree with your point about how some agencies and platforms weaponize networking and how people sometimes follow blindly without thinking things through. That danger is real, especially when “networking” is used as bait to extract money instead of build knowledge. Personally, I’m still a work in progress, and I’m grateful for the benefits I’ve received from this forum. One thing I’ve learned here is that people are not always as twisted as we imagine in our heads. There are people with a lot of money who are genuinely humble, willing to share, and ready to help. That humility is something I truly respect. At the same time, I’ve also noticed that some people just want quick money or fast turnarounds, which can lead to bad decisions or gains. And because this is still a faceless forum, not everything you read is true or reliable.
That’s why I believe it’s important to stay grounded, stay disciplined, and remain true to your OWN investment plan. This platform has helped me grow not just financially, but also in how I relate with people and evaluate information. So while I agree that networking can be misused, I also believe that when approached with wisdom, patience, and personal responsibility, it can still be a powerful tool for growth.

Thank you for sharing your perspective, it’s a reminder that real wealth is built with knowledge, humility, and consistency, not blind association.

ogawisdom:
When one is still trying to build his capital base and get wealthy (make first 500m capital base), social life should not be a priority because it promotes wrong values like instant gratification, lifestyle inflation, short term thinking, spending to show off.

The funny thing is that you may be spending your capital to belong with men spending their ROI. A man should be comfortable being alone at the get wealthy phase of life to increase saving and investment rate. You don't need any unnecessary expense. Most of the rich gathering is about spending to show you belong. If they drink wine of 2m naira in their gathering that becomes your standard. Their value comes from cost . You are better off alone except you are chasing contract from them.

Exactly.

I was going to spend up to N70m of my capital in Q3 to show off, but I was so motivated to read that @sunrisepebble made over N100m in just one week of good market.

So I'd rather wait till when I can make even if N50m per week.


If someone is among those who doubt such figures, I wonder what benefits you ever get.

For me, I believe it, and i'm changing my decision.

The impact of this significant trimming i'll be doing will be over N200m in 2 years' time.


Thanks @ogawisdom for pointing out the bolded.


Thanks @sunrisepebble for reminding me how awesome our market can reward you if you're patient enough to put in the seeds.


Imagine if you had blown the capital on frivolities.


I'm so excited I didn't miss that post.

The motivation behind the article "The Illusion of 'Your Network Is Your Net Worth'" stems from a real-life cautionary tale that illustrates the fragility of wealth built on superficial affiliations rather than sustainable foundations. Consider the story of Olumide (a pseudonym for privacy and based on accounts shared in Nigerian financial and social circles), a former top executive director at the now-defunct Intercontinental Bank.

At the height of his career, Olumide enjoyed all the trappings of elite success in Lagos society. He held prestigious memberships in exclusive golf clubs and country clubs for many years—venues often touted as gateways to high-net-worth connections and opportunities. His three children attended one of Ikoyi's most exclusive private schools, and his wife, Yetunde, lived a life of visible opulence: designer wardrobes, luxury travel, and social events that reinforced their status among Nigeria's perceived "big boys and girls."

His network appeared top-tier—rubbing shoulders with fellow executives, politicians, and business figures at club events, golf outings, and high-end gatherings. The mantra "your network is your net worth" seemed validated in every way.

Then came the unexpected shock. In 2009, under then-CBN Governor Lamido Sanusi, Intercontinental Bank was deemed distressed amid Nigeria's banking sector reforms. Its license was effectively revoked, and the bank was acquired by Access Bank in a forced merger completed around 2011–2012. As part of the cleanup and restructuring, many of Intercontinental's former directors and executives—including Olumide—were terminated or sidelined.

Suddenly, the "premium" he had paid for years in club dues, membership fees, event sponsorships, and lavish spending to maintain appearances counted for nothing. The golf club and country club memberships—once symbols of enduring status—were swiftly terminated due to unpaid fees and inability to sustain the lifestyle. The promised "network" of influential friends evaporated when his financial standing collapsed; no one stepped in with bailout opportunities, job referrals, or meaningful support.

The fallout was devastating on a personal level. Yetunde, unable to endure the sharp downgrade—public schools for the children, reduced social circles, and the end of opulent living—left the marriage. The family unit fractured under the weight of lost illusions.

This story is not unique; it echoes the experiences of many middle- and upper-middle-class Nigerians who pour substantial portions of their income into status-driven networks—elite clubs, certain religious hierarchies, or influencer-led circles—believing proximity to wealth equals security. When economic tides turn (job loss, market crash, policy shifts like the 2009 banking crisis), these networks rarely provide a safety net. Instead, they often accelerate decline through ongoing "social taxation" that depletes savings without building true resilience.

The article's point remains: genuine net worth is forged through personal financial discipline, knowledge of capital markets, consistent investing, and independent capability—not through paying premiums for the fleeting illusion of belonging to elite circles. Olumide's downfall underscores why we must distinguish between exploitative, fee-laden "networks" that extract value and authentic, low-cost communities (like knowledgeable investment forums) that genuinely empower without draining resources.

Stories like this inspired the piece as a wake-up call: prioritize substance over spectacle, and build wealth that withstands shocks rather than networks that crumble when the money dries up.

Erniemax101:
I agree with your point about how some agencies and platforms weaponize networking and how people sometimes follow blindly without thinking things through. That danger is real, especially when “networking” is used as bait to extract money instead of build knowledge. Personally, I’m still a work in progress, and I’m grateful for the benefits I’ve received from this forum. One thing I’ve learned here is that people are not always as twisted as we imagine in our heads. There are people with a lot of money who are genuinely humble, willing to share, and ready to help. That humility is something I truly respect. At the same time, I’ve also noticed that some people just want quick money or fast turnarounds, which can lead to bad decisions or gains. And because this is still a faceless forum, not everything you read is true or reliable.
That’s why I believe it’s important to stay grounded, stay disciplined, and remain true to your OWN investment plan. This platform has helped me grow not just financially, but also in how I relate with people and evaluate information. So while I agree that networking can be misused, I also believe that when approached with wisdom, patience, and personal responsibility, it can still be a powerful tool for growth.

Thank you for sharing your perspective, it’s a reminder that real wealth is built with knowledge, humility, and consistency, not blind association.

Erniemax101:
In my opinion, the statement “Your Network Is Your Net Worth” is true, but it depends on how you view it. Networking does not always mean associating with rich people or joining elite social clubs. It means surrounding yourself with people who influence your mindset, habits, and opportunities. You are the average of the five people you associate with, so the quality of your circle shapes your growth.

Take this forum for example: the network and ideas shared here have, in many ways, shaped our investment models, and we have benefited from it. I remember the days of Cashcraft when we simply handed money to stockbrokers with little or no knowledge—at least in my case. But through networking on this forum, I have gained better understanding, confidence, and direction.

I have also seen people receive life-changing opportunities because of the people and places they associate with. In the same way, this network has increased my financial capacity and people-management skills. So while your network may not always give you money directly, it often gives you access, wisdom, and relationships that lead to real growth and lasting success.

You're right. 💯💯💯
Imagine if I wasn't on this platform, I would honestly think N100m is a significant amount, cos it probably is in my real world circle, especially given my age bracket.

Here you see that it's weekly earnings for those who have taken the time to build solid portfolios, and the motivation is just sweet.


This is also why just using percentages isn't always best as @nosa2 once stated.

Mankind2024:
The motivation behind the article "The Illusion of 'Your Network Is Your Net Worth'" stems from a real-life cautionary tale that illustrates the fragility of wealth built on superficial affiliations rather than sustainable foundations. Consider the story of Olumide (a pseudonym for privacy and based on accounts shared in Nigerian financial and social circles), a former top executive director at the now-defunct Intercontinental Bank.

At the height of his career, Olumide enjoyed all the trappings of elite success in Lagos society. He held prestigious memberships in exclusive golf clubs and country clubs for many years—venues often touted as gateways to high-net-worth connections and opportunities. His three children attended one of Ikoyi's most exclusive private schools, and his wife, Yetunde, lived a life of visible opulence: designer wardrobes, luxury travel, and social events that reinforced their status among Nigeria's perceived "big boys and girls."

His network appeared top-tier—rubbing shoulders with fellow executives, politicians, and business figures at club events, golf outings, and high-end gatherings. The mantra "your network is your net worth" seemed validated in every way.

Then came the unexpected shock. In 2009, under then-CBN Governor Lamido Sanusi, Intercontinental Bank was deemed distressed amid Nigeria's banking sector reforms. Its license was effectively revoked, and the bank was acquired by Access Bank in a forced merger completed around 2011–2012. As part of the cleanup and restructuring, many of Intercontinental's former directors and executives—including Olumide—were terminated or sidelined.

Suddenly, the "premium" he had paid for years in club dues, membership fees, event sponsorships, and lavish spending to maintain appearances counted for nothing. The golf club and country club memberships—once symbols of enduring status—were swiftly terminated due to unpaid fees and inability to sustain the lifestyle. The promised "network" of influential friends evaporated when his financial standing collapsed; no one stepped in with bailout opportunities, job referrals, or meaningful support.

The fallout was devastating on a personal level. Yetunde, unable to endure the sharp downgrade—public schools for the children, reduced social circles, and the end of opulent living—left the marriage. The family unit fractured under the weight of lost illusions.

This story is not unique; it echoes the experiences of many middle- and upper-middle-class Nigerians who pour substantial portions of their income into status-driven networks—elite clubs, certain religious hierarchies, or influencer-led circles—believing proximity to wealth equals security. When economic tides turn (job loss, market crash, policy shifts like the 2009 banking crisis), these networks rarely provide a safety net. Instead, they often accelerate decline through ongoing "social taxation" that depletes savings without building true resilience.

The article's point remains: genuine net worth is forged through personal financial discipline, knowledge of capital markets, consistent investing, and independent capability—not through paying premiums for the fleeting illusion of belonging to elite circles. Olumide's downfall underscores why we must distinguish between exploitative, fee-laden "networks" that extract value and authentic, low-cost communities (like knowledgeable investment forums) that genuinely empower without draining resources.

Stories like this inspired the piece as a wake-up call: prioritize substance over spectacle, and build wealth that withstands shocks rather than networks that crumble when the money dries up.

My point exactly, wealth is built with knowledge, humility, and consistency, not blind association.

Thanks @mankind2024 for tilting the conversation in this direction this beautiful Saturday morning.

Thanks too @pa Emma, even though you've already mastered all these, thanks for sharing with us who are upcoming.

Agba has abandoned the market to go do Valentine.

Sunrisepebble:
I hope not. But it’s only 2 names here I want to cut down on and keep cash to deploy if there’s a pullback. My average cost is quite low on them. Vitafoam and MTN.
Vitafoam I don’t really see that much upside based on the current earnings trajectory.

Oga @sunrisepebble I hail o. I am a keen follower of your post but I just pray that what happened afterwards when you said NAHCO doesn't have much upside also happen again to VITAFOAM. How many stock with over N3 single quarter EPS in the industry with a potential to double the EPS in q2 trade at N100. Oga @Emmanuelewumi abeg help us torchlight this Vitafoam matter with your great fundamentals guru analysis before sunrise carry me go where I no know.

awesomeJ:
Agba has abandoned the market to go do Valentine.

@awesomej, I hope you succeed in this your agenda to let Oga @agalowomeri abandon his over cautious stand on NGX. Surprisingly Agba was the one that was drumming it into everyone's ear during the 2023 election that the emergence of PBAT will usher in a bull never seen before on NGX. Unfortunately he jumped out of his GTB at N37 (100%) gain not knowing that the bull he predicted just stated.

Kaczynski:
My grand mother heirloom if sold is worth than my entire networth .

Richkid

lasisi:
@awesomej, I hope you succeed in this your agenda to let Oga @agalowomeri abandon his over cautious stand on NGX. Surprisingly Agba was the one that was drumming it into everyone's ear during the 2023 election that the emergence of PBAT will usher in a bull never seen before on NGX. Unfortunately he jumped out of his GTB at N37 (100%) gain not knowing that the bull he predicted just stated.

Well at least you remembered my 7 year boom "prophecy" Na Loco spirit come enter me

awesomeJ:
Agba has abandoned the market to go do Valentine.

Yoruba demon just dey wake

Investment is bespoke o. Please don’t follow me. I buy and sell based off what “I” think the company is worth and the results. Whatever it does after that I’m not too concerned. It’s my own strategy. Vitafoam I started buying as low as N20, it’s now N136, that is 580% and I’m getting plenty of units when the bonus is credited also.

lasisi:
Oga @sunrisepebble I hail o. I am a keen follower of your post but I just pray that what happened afterwards when you said NAHCO doesn't have much upside also happen again to VITAFOAM. How many stock with over N3 single quarter EPS in the industry with a potential to double the EPS in q2 trade at N100. Oga @Emmanuelewumi abeg help us torchlight this Vitafoam matter with your great fundamentals guru analysis before sunrise carry me go where I no know.

awesomeJ:
You're right. 💯💯💯
Imagine if I wasn't on this platform, I would honestly think N100m is a significant amount, cos it probably is in my real world circle, especially given my age bracket.

Here you see that it's weekly earnings for those who have taken the time to build solid portfolios, and the motivation is just sweet.


This is also why just using percentages isn't always best as @nosa2 once stated.

What if the 8 zeros is your interest on fixed deposit? Would you be happier?

awesomeJ:
You're right. 💯💯💯
Imagine if I wasn't on this platform, I would honestly think N100m is a significant amount, cos it probably is in my real world circle, especially given my age bracket.

Here you see that it's weekly earnings for those who have taken the time to build solid portfolios, and the motivation is just sweet.


This is also why just using percentages isn't always best as @nosa2 once stated.

100m is still a significant amount , am sure less than 10 % of the population have that in there accounts

There are just levels , as with all things

https://open.spotify.com/episode/0JLCHZ391MibID1410Mpsc

Thoughts on Seplat, Aradel, MTN Nigeria and GTCO following a record trading week on the NGX.