tuniski:

Getting govt to your side is part of being top entrepreneur!

Afamed:

Ignore him, to him Ibeto his kinsman is a saint.

GavelSlam:


Not so true.

Some of us had heard of him.

However, it took all by surprise how quickly he became the behemoth he appears to have become.

Some of us adduced it to democracy and opportunity maybe even opportunism.

A good read.

Wondering how much of it is true.

fernandoc:
Somebody will just wake up and start writing rubbish

horsepower101:


It called crony capitalism and is illegal in civilized countries.

wirinet:

The same thing happens in civilised countries. The government only attempts to reduced monopoly by enacting anti trust laws. Microsoft, Facebook and Amazon are always accused of monopoly and had been charged with numerous anti trust behaviours.

Dangote had been dominant in commodities since the early 80s and through all governments since then - civilian military, southerner or Northerner. He must be doing something right. He was not the only Nigerian that had favours, he was the only one that maximize and exploited the advantages. During the last administration, Okonjo iweala was issuing waivers up and down for Cars, Rice, etc. That did not make the benefactors instant billionaires.
Dangote is shrewd, brilliant and disciplined, that cannot be said for 99% of our businessmen.

GavelSlam:


Not so true.

Some of us had heard of him.

However, it took all by surprise how quickly he became the behemoth he appears to have become.

Some of us adduced it to democracy and opportunity maybe even opportunism.

A good read.

Wondering how much of it is true.

wirinet:


Dangote did not quickly become a behemoth, just say people only suddenly started nothing him. Around 1985, my mum wanted to supply coca cola with sugar. They told her Dangote supplies them all their sugar and that they would take from her if she can beat Dangote's price. Now, imagine been the supplier of coca cola for decades. And I am sure he was the sole supplier of sugar for Pepsi and other soft drink companies also. This was way before he went into packing sugar in small retail bags for the public.

NgeneUkwenu:
I have known the two to be fraudlent business men. I cringe, whenever I read billions of dollars ascribed to them by Forbes, especially Femi who by every indication, is very broke at the moment.

horsepower101:


I am not one of those that believes he started from no where. He had his own businesses like so many others before government started giving him special favors. This is what ended up separating him from the rest. Not because he is smarter than the average businessman or any other manufactured attributes.

Cut down on waivers, exemptions in 2019, Customs urges FG

A former Minister of Finance, Dr Ngozi Okonjo-Iweala, had said the Federal Government lost about N170.74bn to waivers and tax concessions granted to various governments and private businesses in different sectors of the economy between 2011 and 2013.
https://www.punchng.com/cut-down-on-waivers-exemptions-in-2019-customs-urges-fg/amp/

Kingkun69:
but they are still getting money you cant be a billionaire and not have some skeletons in the closet every rich person does it only matters how well you hide it

sacajawea:

Shut Up! People made Money without necessarily breaking laws or at the Cost of their Countries

horsepower101:


Yes ibeto is a Saint when compared to these two frauds. Ibeto had obasanjo Government with dangote trying to crush him.

Ibeto survival was based only on the diversity of his business interests. If not he would have been dead a long time ago.

Ibeto is a Saint and a hard working igbo man who doesn’t depend on government to thrive just like igbo businessmen all over Nigeria and the world.

GavelSlam:


Not so true.

Some of us had heard of him.

However, it took all by surprise how quickly he became the behemoth he appears to have become.

Some of us adduced it to democracy and opportunity maybe even opportunism.

A good read.

Wondering how much of it is true.

Papertrail11:


they happn alaye remove emotions dont be afraid to criticse if you find it wierd

sacajawea:

Shut Up! People made Money without necessarily breaking laws or at the Cost of their Countries

wirinet:


Dangote did not quickly become a behemoth, just say people only suddenly started nothing him. Around 1985, my mum wanted to supply coca cola with sugar. They told her Dangote supplies them all their sugar and that they would take from her if she can beat Dangote's price. Now, imagine been the supplier of coca cola for decades. And I am sure he was the sole supplier of sugar for Pepsi and other soft drink companies also. This was way before he went into packing sugar in small retail bags for the public.

wirinet:


This guy is just wasting his talent. He should go into fiction writing, he will compete with J. K. Rawlings.

Dangote that had been dominating the sugar industry since the early 80s. Dangote entered rice around the late 80s. My friend took me to his house in dolphins estate around 1987, telling me Dangote was looking for distributors for his newly imported consignment of rice. All these were before Obasanjo ever became President.

This part of the tale is confusing;


What kind of powder was Dangote dealing with, talcum powered or yam flour before he moved to the US? And did he continued to deal in powder in the US?

The story did not also elaborate on the kind of consignment intercepted by US authorities? Was it powder?
According to the story, Dangote is a fugitive in the US and his brother Sani Gote, who took the fall for him is in prison?

Barryseal:
Quite an indepth read. Sounds too well researched to be mere fabrication. Bookmarked

NgeneUkwenu:
I have known the two to be fraudlent business men. I cringe, whenever I read billions of dollars ascribed to them by Forbes, especially Femi who by every indication, is very broke at the moment.

Asquare84:
What I may find it difficult to believe in the write up is the allegations that dangote is fund of sleeping with peoples wife I have never had about that before

horsepower101:


Ibeto is a Saint and a hard working igbo man who doesn’t depend on government to thrive just like igbo businessmen all over Nigeria and the world.

Asquare84:
What I may find it difficult to believe in the write up is the allegations that dangote is fund of sleeping with peoples wife I have never had about that before

Asquare84:
What I may find it difficult to believe in the write up is the allegations that dangote is fund of sleeping with peoples wife I have never had about that before

Papertrail11:


dude is divocee with tons of women not even 2

prob has girl problems

Godsfavour78:
e b like say your mama money self go don long by now oh

My bro