One guy like that

Work and Pray

[OLI @Oli_Ekun]

THIS IS THE ARSENAL I KNOW & LOVE. GOD, I GIVE YOU ALL THE GLORY 🥹❤️

[36kinniun media👑 🦁 🕊 @fattylincorn_01]

See what is coming from Chinese farmers on Our Local Farmers in Lagos, Ogun and Oyo State.

Watch👇

[👑S.A.L.A.K.O🕊 @UnkleAyo]

~ On China and the Nigerian market.

[Wale Gates @walegates]

Give him a national bravery award cos this is absolute madness.
His boss needs to make him part owner to that tanker.

[One guy like that @FunFreeak]

@HotSexyMamaElla @0ldirtyfrench Tell him abeg… poverty very bad thing

[One guy like that @FunFreeak]

@drejose40 Stupid car

[One guy like that @FunFreeak]

@drejose40

[carter🌚 @carter8f]

“As an African player, we couldn’t stop playing because a fan or player said something racist 💔. How would I tell my parents, who were all depending on me to succeed? It wasn’t an excuse. We had no social media to speak up, so we would just laugh it off.” 😭

—Jay Jay Okocha

[David Garcia @IJaSport]

PRINCIPLES OF PLAY

“One thing is tactical systems, another thing is principles of play. Principles of play have to be permanent.” - Jose Mourinho

Example of a Principle:

“All the good teams they defend compact... It’s just a basic principle; you have to defend compact.”

[One guy like that @FunFreeak]

@drejose40

[X0 @Buschcorner]

Chief Akindele is a good example. He didn't just continue compounding everything in Nigerian operating businesses, he moved capital into foreign companies, foreign assets and real estate. Those investments created a pool of wealth outside the Nigerian economic system.

[One guy like that @FunFreeak]

@drejose40

[Osaretin Victor Asemota @asemota]

I was talking with my wife yesterday morning about family and legacy and how things can go completely wrong when you don't think big enough. I was looking at that massive house the Nigerian rich guy built in the 70s and wondering what would have happened if he lived simpler and invested that money in other assets. The thing is, we will never know. He lived his best life and was happy.

In the 80s, a relative spent $900m to build a wood-processing factory in Benin City, largely funded by cash generated from their wood-export business—with very little financing. I don't think that factory is functional today. I only learned yesterday for the first time that he had passed away. His first son left the family business early and broke out on his own. He never really made as much money as his father did. His father was the biggest Edo timber baron.

I still remember visiting them every Christmas with my Dad, and I recall the hold the man had on local politics and the lumber and rubber industry. All of that is gone now; he and my dad have both passed away. Just like wealth, influence is ephemeral.

They made the right move to start processing locally for export after exporting raw lumber and rubber for a while, but things didn't eventually pan out. One particular mistake I think they made was not investing enough in the talent pipeline and depending solely on outsiders. The factory had a lot of technical issues, and their boiler for the wood dryer blew up once.

When it came to capital, they also didn't invest enough in other industries like banking, which was ramping up in Nigeria in the 90s to hedge their bets. Many rich people invested in the young bankers, and it paid off.

Also, unlike Chief Ibru and others, they didn't invest in other countries and in other currencies to hedge against currency risks. In their Benin home in the 90s, my cousins used to boast that they had a “safe of last resort” that held the cash equivalent in Naira of $20 million at the time. If all else failed, the family had that cash to build up from.

Banks were failing in Nigeria at the time, so I understood that ultimately flawed logic. The man was not literate, so he made those kinds of blunders. His son, however, had a PhD, but he left to run his own business.

In contrast to my relatives, when Oceanic Bank was being set up. Chief Ibru wired only a million pounds in to pay for the license. He had diversified wisely. His wife and kids eventually ran the bank, but it is now defunct. So, maybe they both still suffered the same fate.

All of this happened to very wealthy Nigerian families that I know very well within my lifetime. Did I learn lessons from them? I don't know yet. I have been reviewing all I have done in the last two decades, and I don't have $20m cash in a safe and can't yet wire £1m to start a bank.

Chief Ibru told me point blank what to do over 20 years ago. If I had invested in fisheries, as he advised and as the late Emmanuel Ijewere corroborated, would my life have been different? Maybe. Instead, I didn't listen, and I invested in tech startups.

Those startups have created wealth on paper but largely unrealized. One thing is for sure: even when they are realized, I won't be overinvesting in the same asset class again. I don't want to make the mistake of having $20m cash in a safe. This is exactly what digital assets were for me with FTX. I was wiped out. Startup investments aren't that different from crypto or stocks, and they are riskier.

If I survive it all this time around, I will listen to Chief Ibru and sell fish, but maybe in a different “asset-light " way. It is important to read the signs. Learn from the good and avoid the bad. Always be learning.

[One guy like that @FunFreeak]

@drejose40

[Africa First @AfricaFirsts]

In 1988, Arsène Wenger discovered George Weah while he was playing for Tonnerre Yaoundé in Cameroon 🇨🇲 and arranged his £12,000 transfer to Monaco.

At the time, Paul Biya was the president of Cameroon.

Years later, George Weah became the president of Liberia 🇱🇷, left office, while Paul Biya is still the president of Cameroon.

[One guy like that @FunFreeak]

@drejose40

[Wale Gates @walegates]

This is impressive, Ai was used to make a naija gospel song using the comments of the lady dancing in church for the lyrics and it’s good.

You should also be worried, Artistes should be.

[One guy like that @FunFreeak]

@drejose40

[𝑻𝑯𝑬 𝑮𝑬𝑵𝑬𝑹𝑨𝑳 𝑺𝑵𝑶𝑾 🇨🇮 @GeneralSnow_]

😭Nigeria Mahn

[One guy like that @FunFreeak]

@drejose40

[Daily Times Nigeria @DailyTimesNGR]

Police in Plateau State have arrested a cleric, a Nigerian Air Force personnel and a Nigerian Navy personnel over an alleged plot to kidnap a businessman in Jos. The suspects were arrested during an intelligence-led operation as investigations continue.

[Sir Chief Honorable Odionwere Lawrence @EkunweL]

I don't know mehn, did trees and grasses offend us or something?

[One guy like that @FunFreeak]

@drejose40

[Chi_Annabel❤️ @Anabel_Chi326]

Touring the palace of a late Igbo billionaire king who lived a life of luxury and prestige. Look at what was built in his village mansion in the 1970s swimming pool, cars, and borehole.

#history #culture #people #tundeednut

[One guy like that @FunFreeak]

@drejose40

[OurFaveOnlineDoc 🇬🇧 🇳🇬 @OurFavOnlineDoc]

“Why don’t you want to follow the price on the app?” — European blogger Tom questions a Nigerian Uber driver who requested an additional 150% charge from him.

[cinesthetic. @TheCinesthetic]

Lord Cutler Beckett’s death in PIRATES OF THE CARIBBEAN: AT WORLD’S END (2007) is one of blockbuster cinema’s great villain exits.

[One guy like that @FunFreeak]

@markbeidleman @ManUtdMEN 🤣🤣🤣

[One guy like that @FunFreeak]

@drejose40 @ElueCharles

[Eastern Pulse @easternpulse1]

Watch where Street touts are insisting that a GLE driver give them money before he drives.