Paddy Adenuga is in the news again. This time his story of how he almost bought Chevron Netherlands has been dissected by popular Economic analyst, Feyi Fawehinmi for Quartz Africa, his article can be summed-up in this except:

“There’s much to commend in Adenuga’s tenacity and willingness to take a big bet. Certainly the Nigerian economy could do with a lot more bold and daring entrepreneurs willing to go against the grain of what is the acceptable way of doing things. The trouble is that his story is none of these at all. It is the same kind of story that has caused so many problems of late in the Nigerian economy.”

He also compared Paddy’s tactics to that of his father billionaire businessman, Mike Adenuga:

“In essence, these loans were taken out and then handed over to the taxpayer when they went bad. Around a third of these loans relate to the oil and gas ‘enclave’ as the chart from AMCON’s website shows.

“Indeed, Adenuga senior was revealed to be a debtor to AMCON, among others, by a newspaper a couple of years ago. The last time AMCON published a list of its top 100 debtors, the top three were all oil and gas companies with close to $1 billion outstanding among them. All of them taken out in the heady days of $100 oil and aggressive assumptions about how much money it was possible to make.”

The Article has not gone down well with Paddy, who tweeted:

the #qzafrica article’s attempt to tie my chevron NL acquisition with AMCON is dangerous, ill-informed, and a case of poor journalism. i’d never use Nigeria’s tax payer money for a private European deal – NEVER! i’m open to criticism – i am just not open to lies and falsehoods.

What do you think, is Feyi Fawehinmi right about Paddy’s business strategies? You can drop your comment below.


souce: http://www.opinions.ng/paddy-adenuga-feyi-fawehinmi-clash-chevron-netherlands-story/

Na Dem sabi

i

Whatever rocks their boats.





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I expected Paddy to ignore all these people talking cos of envy, who wudnt want to ride on their fathers wealth to achieve something greater for themselves. These are pained and envious set of people that dont deserve attention simple.

I follow these guy on twitter and i tell you, he doesnt talk or should i say type like all these rich spoilt brats, he connotes intelligence which is very very rare.

Lies everywhere



Shithole zoo

Hmm

If you are part of the team that doesn't give a hoot about this clash abi na crash.





Come over here.
It is fellowship time.
Let's share the grace.

Im d refree

Clash of titans

Only

As it they hot like fire.

One is trying to build an empire with or without the father's or family's support. I will always give credit to his likes. Alima Dangote and sisters are there too making waves unlike the so many prodigal sons of most billionaires in this country who all they do is party, sleep and wake up on social media pages. And here is one Feyi Fawehinmi trying to pull the guy down with fact that might be right or wrong. Checked his profile though, what do you expect from an analyst? Met with many of the Paddy Adenuga type and boy, they are rare.

I said it.... U for jejely dey anonymous as u were. People will start talking and bringing up stories about u soon and some will insult u..

but ur dad is wanted na

Chi59:
Hmm

Cute teeth from this 1995 babe

It is very simple. Wealth is generated by production and services. We do not produce much in Nigeria as our industries are mostly down. MOST rich Nigerians make their money from the populace.
With a few millions, it is possible to infiltrate government pocket to get billions...e.g oil wells, subsidy payments, LEKKI TOLLGATE collections...

olapluto:
It is very simple. Wealth is generated by production and services. We do not produce much in Nigeria as our industries are mostly down. MOST rich Nigerians make their money from the populace.
With a few millions, it is possible to infiltrate government pocket to get billions...e.g oil wells, subsidy payments, LEKKI TOLLGATE collections...

Everywhere in the world, rich people make money from populace(consumers).
Nobody can ever become rich without selling goods or services to consumers.

.

The Feyi of a guy has limited knowledge about project finance funding. Understanding will always remain superior to knowingness.

CROWNWEALTH019:

Cute teeth from this 1995 babe

thank you

EP everywhere.

Book economists/ analysts.
Paddy, nothing don you jare.

"Silence is the best answer for a f*ol", you dont reply everyone.

desreek9:
I expected Paddy to ignore all these people talking cos of envy, who wudnt want to ride on their fathers wealth to achieve something greater for themselves. These are pained and envious set of people that dont deserve attention simple.

I follow these guy on twitter and i tell you, he doesnt talk or should i say type like all these rich spoilt brats, he connotes intelligence which is very very rare.

I concur with you babe..i also follow him and I applaud his simplicity, humility and intellect.

desreek9:
I expected Paddy to ignore all these people talking cos of envy, who wudnt want to ride on their fathers wealth to achieve something greater for themselves. These are pained and envious set of people that dont deserve attention simple.

I follow these guy on twitter and i tell you, he doesnt talk or should i say type like all these rich spoilt brats, he connotes intelligence which is very very rare.

What if they are right?

BIG TIME CLASHES....

kestolove95:
but ur dad is wanted na

...By you?

desreek9:
I expected Paddy to ignore all these people talking cos of envy, who wudnt want to ride on their fathers wealth to achieve something greater for themselves. These are pained and envious set of people that dont deserve attention simple.

I follow these guy on twitter and i tell you, he doesnt talk or should i say type like all these rich spoilt brats, he connotes intelligence which is very very rare.

There fathers wealth, which wealth. How wealthy is his father who is a top nothcher in AMCOM debit profile. If anybody is owning AMCOM the person is owning me and you.

Sis kindly weigh contributions before you take side

Don't really care

kernel504:


What if they are right?

Sir believe me when i tell u, from my point of view they r not right