Very smart man. I like him a lot.
This sort of thing can happen in the abroad. A smart and savvy investor can get great deals and grow something from them, irrespective of any connections or family name.
I got a flat long ago in Maitama (Abuja) for a good price, but was forced to pay 10 years of NEPA bills incurred before I bought the property. The agency couldn't care less that they had the name and contact details of the previous bill-payer. They threatened to cut off my electricity if I personally didn't pay. Years after I left, I sold the property after a so-called good, religious real estate brother whose school I assisted voluntarily, told me lies that there was no tenant forthcoming for 2 years yet I had to keep forking out money for yearly renovations. My yield was trapped in a Nigerian bank for months as the government blocked me from moving the funds out, saying I had to provide tax clearance statements of my former school employer before I could proceed further. Why was my employer's tax payment evidence related to my ability as a expat to take my personal money home? Money I brought from Australia to invest? I hit a stalemate as I could not get these private documents from an employer I had stopped working for years before. Then, a "friend" suggested I invest in her rice supply business and she would be earning me a dividend plus my capital back anytime I finally got the tax documents to get the right to make an external bank transfer. She sent me spreadsheets of how the funds were growing every 2 weeks. Then after some months, she claimed that she was supplied wet trailer loads of rice and had demanded a refund, which she was waiting for. I heard promise after promise that she would get my capital back to me and she was fighting alongside other vendors in a class action, etc. Long story short, it amounted to zilch. I trusted her totally and punished myself for even the slightest doubts about her story...
That's how my property money disappeared into the thin air of deception and yet another friendship scam. I met her again many years later boarding a flight to Dubai, a city I heard she flies to regularly, for shopping. Now she runs a Foundation. I still have not had even one Kobo returned to me. Go figure.
I don't keep Nigerian friends anymore and only invest in other countries where things and people are more honest and straightforward.
This is Odunayo Eweniyi (@OdunEweniyi).
At 26, her startup had already helped Nigerians save $15 million.
This is how one tweet changed the future of savings and investment in West Africa:
FPL Gurus Cash Prize Mini League
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Only half a billion people in the entire world earn over $20k per year. The bourgeois.
2 billion people earn between $3k and $20k.
But majority of the worlds population earn less than $3k.
The question might seem trivial, but give it a moment’s thought:
Why does Venice 🇮🇹 float?
What does it rest on?
And, most importantly, why doesn’t it sink?
A Thread🧵 to explain it to you