Dr. Tayo Oyedeji
@tayooye
This week: Plant some seeds.

Fools live for today. They eat all they make and make just enough to eat.

Wise people live for tomorrow. They plant some seeds to guarantee tomorrow’s harvest.

Be wise, plant some seeds.

#ThisWeek

Some important seeds:

1. Prayer/meditation.
2. Saving/Investing.
3. Reading/education.
4. Spending time with your kids/family instead of friends.
5. Helping your kids with their school work.
6. Giving to those in need.
7. Eating healthy/exercising.

This week, plant some seeds.

Every week, I focus on something small but impactful and share it here in hope that it will help or inspire someone.

Follow me to receive these weekly nuggets.

Have a great week ahead.

emmanuelewumi:


It does not matter, most auditing firms prefer renting their offices, just like some Treasury Bill investors who are tenants but have money that can buy houses invested in TB

As big as MTN is making profit after tax of over N200 billion in a year, they are tenants in the property where there head office is located

Oando was also a tenant in their former head office on Ajose Adeogun

NOT KPMG, they own that building. It is not rented or owned by UPDC REIT.

DaBogu:
NOT KPMG, they own that building. It is not rented or owned by UPDC REIT.

What makes KPMG different?

Akintola Delloite uses a rented building on Ozumba Mbadiwe

I have forgotten the name of another big auditing firm who is a tenant at UBA head office

Enst and Young

DaBogu:
NOT KPMG, they own that building. It is not rented or owned by UPDC REIT.

don't mind some of this people . the will come inline and be claiming they know so much. don't u see how some just they call money up and down. d ignorant ones will be confused in DT line. imagine someone saying he will buy a house 40m and rent and sell later. some of these folks who he hide under nairaland monikers no even have anything just to dey blow mouth in this faceless forum

emmanuelewumi:


What makes KPMG different?

Akintola Delloite uses a rented building on Ozumba Mbadiwe

I have forgotten the name of another big auditing firm who is a tenant at UBA head office

dangote rents marble gouse too...

Partners in the big 4 auditing firms prefer sharing their profits pocketing hundreds of millions of Naira thatn to tie money down on a property in the name of the firm. Their assets are mainly intellectual, goodwill and reputation of the firm

ahiboilandgas:
dangote rents marble gouse too...

And he uses the whole Building

emmanuelewumi:


And he uses the whole Building

one senior lawyer was using some part before.....

Pascopele:
:owhat?

Building was sold and apartment rented

Pascopele:
:owhat?

Very correct.


FSDH merchant bank head office at Niger House is also rented, the landlord is UACN.

Barrytone:


Exxonmobil is a tenant at mobil house

You are very current.

KPMG is different because they own that building on Abayode Cole and they are typical Nigerian Business men

emmanuelewumi:


What makes KPMG different?

Akintola Delloite uses a rented building on Ozumba Mbadiwe

I have forgotten the name of another big auditing firm who is a tenant at UBA head office

Enst and Young

delawal:

don't mind some of this people . the will come inline and be claiming they know so much. don't u see how some just they call money up and down. d ignorant ones will be confused in DT line. imagine someone saying he will buy a house 40m and rent and sell later. some of these folks who he hide under nairaland monikers no even have anything just to dey blow mouth in this faceless forum

Independent mind

emmanuelewumi:
Partners in the big 4 auditing firms prefer sharing their profits pocketing hundreds of millions of Naira thatn to tie money down on a property in the name of the firm. Their assets are mainly intellectual, goodwill and reputation of the firm

No sir, they own THAT building and are NOT TENANTS, they actually do it(Profit Sharing) NOT the bolded e.g KPMG Partners are not entitled to salary but profit sharing. A partner in KPMG goes with profit of 100m+ plus unit performance incentive and MUST stay on the Island. October 1 every year wardrobe allownace is give in the tune of 20m+. Vacation, travel allowance, and many more

One of the reasons why Lebanese in Nigeria keep making money as if they own Nigeria is because of the power of pulling resources together...the Chinese people are better at it.

With all the millions and expectations on this platform, I expect many guys here to come together and formed a company that will metamorphosed into a bigger organisation in few years time. Ahi,once told us how him and his guys built a 150million worth of filling station in Nigeria.

U guys are worth more than this,with the coming together of just ten persons pulling the sum of say 20million each or less,can set up a mega business that will rake in more than 500million in fives year. To add to this,some fuel stations now combine gas station eatery and shops in the same vicinity and many more.

Rather than having all ur cash stuffed in one venture where rates are going down,u can as well initiate this crowd funding business ideas and before u know it,a partnership is born.

emmanuelewumi:


What makes KPMG different?

Akintola Delloite uses a rented building on Ozumba Mbadiwe

I have forgotten the name of another big auditing firm who is a tenant at UBA head office

Enst and Young

Delloite has a building on Ikorodu road they left there and moved to the Island.

DaBogu:
No sir, they own THAT building and are NOT TENANTS, they actually do it(Profit Sharing) NOT the bolded e.g KPMG Partners are not entitled to salary but profit sharing. A partner in KPMG goes with profit of 100m+ plus unit performance incentive and MUST stay on the Island. October 1 every year wardrobe allownace is give in the tune of 20m+. Vacation, travel allowance, and many more

No need going up and down on the issue, do you have the annual report of UPDC REIT that shows the property in their portfolio?

Send your WhatsApp number to me. I will forward it to you.

Poanan:


Delloite has a building on Ikorodu road they left there and moved to the Island.

Pa Akintola owned the property let it out to Sterling Bank and Delloite

Apparently, it was sold to KPMG by UPDC REIT if the information in this link is correct.
https://www.nairaland.com/1239769/analysis-results-companies-nigerian-stock/6#17866257

DaBogu:
No sir, they own THAT building and are NOT TENANTS, they actually do it(Profit Sharing) NOT the bolded e.g KPMG Partners are not entitled to salary but profit sharing. A partner in KPMG goes with profit of 100m+ plus unit performance incentive and MUST stay on the Island. October 1 every year wardrobe allownace is give in the tune of 20m+. Vacation, travel allowance, and many more

Great idea. But, Nigeria has a peculiar problem of trust. You can't count the number of people that have had their hands burnt from such ventures

ibechris:
One of the reasons why Lebanese in Nigeria keep making money as if they own Nigeria is because of the power of pulling resources together...the Chinese people are better at it.

With all the millions and expectations on this platform, I expect many guys here to come together and formed a company that will metamorphosed into a bigger organisation in few years time. Ahi,once told us how him and his guys built a 150million worth of filling station in Nigeria.

U guys are worth more than this,with the coming together of just ten persons pulling the sum of say 20million each or less,can set up a mega business that will rake in more than 500million in fives year. To add to this,some fuel stations now combine gas station eatery and shops in the same vicinity and many more.

Rather than having all ur cash stuffed in one venture where rates are going down,u can as well initiate this crowd funding business ideas and before u know it,a partnership is born.

delawal:

don't mind some of this people . the will come inline and be claiming they know so much. don't u see how some just they call money up and down. d ignorant ones will be confused in DT line. imagine someone saying he will buy a house 40m and rent and sell later. some of these folks who he hide under nairaland monikers no even have anything just to dey blow mouth in this faceless forum

Stop this bad belle in 2020 lol

They dont own it... See the picture below... It is boldly stated at the front of the building....

DaBogu:
NOT KPMG, they own that building. It is not rented or owned by UPDC REIT.

pluto09:



Stock investment is not for everyone.
Your decision to stay away from Nigeria stock might be a good one.
However, that you lost money in the stock market does not mean that the stock market is bad. People who understand the game are making good money in the Nigeria stock market market while some others are loosing money. That is the major difference between stock and Tb.

Many billionaires have their wealth reduced in 2019.


https://nairametrics.com/2020/01/06/how-billionaires-performed-on-the-nse-in-2019-who-gained-and-who-lost/

emmanuelewumi:


No need going up and down on the issue, do you have the annual report of UPDC REIT that shows the property in their portfolio?

Send your WhatsApp number to me. I will forward it to you.

I’ll like to have your WhatsApp number

DaBogu:
No sir, they own THAT building and are NOT TENANTS, they actually do it(Profit Sharing) NOT the bolded e.g KPMG Partners are not entitled to salary but profit sharing. A partner in KPMG goes with profit of 100m+ plus unit performance incentive and MUST stay on the Island. October 1 every year wardrobe allownace is give in the tune of 20m+. Vacation, travel allowance, and many more

Current annual report of UPDC REIT Page 7, you will see the list of property in their portfolio, type of tenants, vacancy rate, type of tenancy and yield on the property.

The third property on the list Victoria Mall Plaza Phase 2 Aboyade Cole St Victoria Island.

Tenant: An international auditing and consulting firm.

Tenancy: Annual tenancy


Vacancy rate: 0%

Yield on the property: 7%

9jatriot:
Great idea. But, Nigeria has a peculiar problem of trust. You can't count the number of people that have had their hands burnt from such ventures

I don't disagree with u,but Ahi,did it and the question should have been,how did he achieve it?
And another is,u guys will write an agreement which will cover every details,down to inheritance,transfer and many more. My brother am just advising oh.
For me,I know it is very possible just with a renewed mindset.

I recall he did it with other rivals in the same industry. Maybe that played a role because everyone knew the business in and out and so no one could advance a way to outsmart the other.
Moreover, they all have their individual assets and name to protect.

Where it not for trust, TB will not be oversubscribed. I still think people could have managed with the poor infrastructure in the country if they could find someone or people to trust in areas where they are not able to physically be present.

Many people in diaspora have their savings spent by people who they trusted to do things or run their business for them, at least with TB or bonds, you will not hear stories that touch.

ibechris:



I don't disagree with u,but Ahi,did it and the question should have been,how did he achieve it?
And another is,u guys will write an agreement which will cover every details,down to inheritance,transfer and many more. My brother am just advising oh.
For me,I know it is very possible just with a renewed mindset.

9jatriot:
Apparently, it was sold to KPMG by UPDC REIT if the information in this link is correct.
https://www.nairaland.com/1239769/analysis-results-companies-nigerian-stock/6#17866257

Where was it mentioned that it was sold?

A sign board sir is not a confirmation that they own it. It simply means that they have their office there.

seunpinky:
They dont own it... See the picture below... It is boldly stated at the front of the building....

chigo4u:

I’ll like to have your WhatsApp number

Please send a private message

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Like I said, if the link is correct. It is actually an interest to sell. See attached image.

emmanuelewumi:


Where was it mentioned that it was sold?