abbey621:
Noble concept but the worst is yet to come. This is going to be 2008 all over again and financial industry and housing will never be the smae again. They said history repeats itself twice, once as a tragedy and next as a comedy. Same mofos that refused to learn from 2008 have now found themselves in the same mess in 2020, esusu or no esusu, the worst is yet to come! Kudos to my African entrepreneurs, you can continue making money in any situation....This is the true African spirit!

What happened in 2008?

Thanks to legendhero for this post

This guy Wemimo used to be a Nairalander

I think his id was abbeywems or something

tamdun:

I think esusu is Igbo, in Yorubaland we call it ajo

No sir. Esusu is a Yoruba words. It is different from ajo. When certain members agree to give a certain amount to single person from them in a period of time and he also return the gesture until it goes round, it is called esusu. This is why Yoruba will say ---- ak'esu mada. But when you only deposits inside your safe, or to a thrift collector and only retrieve exactly your amount from baba alajo when it's due, then it is called ajo.

Hope u get me sir.

IamAngelica:
What happened in 2008?

Majority of the big companies filed for bankruptcy, everybody with big houses and mortgages abandoned their houses and went back to apartments, millions lost their jobs because companies downsized or folded and Wall street had to be bailed out. Obama had to borrow over 6 Trillion dollars in order to save America.

nisai:
No sir. Esusu is a Yoruba words. It is different from ajo. When certain members agree to give a certain amount to single person from them in a period of time and he also return the gesture until it goes round, it is called esusu. This is why Yoruba will say ---- ak'esu mada. But when you only deposits inside your safe, or to a thrift collector and only retrieve exactly your amount from baba alajo when it's due, then it is called ajo.

Hope u get me sir.

I do, thanks a lot

@legendHero, bro, good job... I urge you and Scholes0 to always create more topics about the exploits of Yorubas both home and abroad. I don't know if you guys are active on Twitter, we need a new voice to tell our stories, it seems the Yorubas on Twitter are trying too much to be diplomatic and liberal and allow every shitty and rubbish things folks say about us to pass just like that, we need people with strong rebuttal powers to lash out to these, you know who, who always like to say trash about us. Thanks.

@Barbilius

Understood. Never been a fan of Twitter tbh although I’ve been on that platform since 2011.

Lol awon liberal Yoruba plenty for Twitter. Those ones are just catching cruise online and they don’t actually tend to care much about responding in kind to any online assault.

But Understood.

abbey621:


Majority of the big companies filed for bankruptcy, everybody with big houses and mortgages abandoned their houses and went back to apartments, millions lost their jobs because companies downsized or folded and Wall street had to be bailed out. Obama had to borrow over 6 Trillion dollars in order to save America.

Oh that makes sense. Have you seen the movie Hustlers? The movie was based on what happened back then even though the movie was equally about strippers. Thank you

abbey621:


Majority of the big companies filed for bankruptcy, everybody with big houses and mortgages abandoned their houses and went back to apartments, millions lost their jobs because companies downsized or folded and Wall street had to be bailed out. Obama had to borrow over 6 Trillion dollars in order to save America.

Oh that makes sense. Have you seen the movie Hustlers? The movie was based on what happened back then even though the movie was equally about strippers. Thank you

Greatness my brother from FGCL.

nisai:
No sir. Esusu is a Yoruba words. It is different from ajo. When certain members agree to give a certain amount to single person from them in a period of time and he also return the gesture until it goes round, it is called esusu. This is why Yoruba will say ---- ak'esu mada. But when you only deposits inside your safe, or to a thrift collector and only retrieve exactly your amount from baba alajo when it's due, then it is called ajo.

Hope u get me sir.

Baba Yoruba. You have done well sir. Thank you for the clarification. I know this before now because I lived with my grandma for over 30 years, but several people here do not, so thank you for the enlightenment.

simpleseyi:


Baba Yoruba. You have done well sir. Thank you for the clarification. I know this before now because I lived with my grandma for over 30 years, but several people here do not, so thank you for the enlightenment.

Lol. Thanks. I am flattered.

tamdun:

I think esusu is Igbo, in Yorubaland we call it ajo

You're right. Thanks for the correction.

delpee:


You're right. Thanks for the correction.

Esusu is a Yoruba word.

Ajo and Esusu are two different things and they are both Yoruba word.

The below is a more better explanation.

nisai:
No sir. Esusu is a Yoruba words. It is different from ajo. When certain members agree to give a certain amount to single person from them in a period of time and he also return the gesture until it goes round, it is called esusu. This is why Yoruba will say ---- ak'esu mada. But when you only deposits inside your safe, or to a thrift collector and only retrieve exactly your amount from baba alajo when it's due, then it is called ajo.

Hope u get me sir.

LegendHero:


Esusu is a Yoruba word.

Ajo and Esusu are two different things and they are both Yoruba word.

The below is a more better explanation.

Wow! Thanks