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Business / Re: How Dangote Sold Bank For N1.2 Billion, Shut Down Companies Over Gov't Policies by Racoon(m): 4:26pm On Aug 29
LegendHero:
Lol, Dangote first sold his stake in that bank in 2002 before it eventually folded up few years later.How does that concern Tinubu? This election loss is gradually turning you guys to something else. She no get high blood pressure at all young age.
Agreed! Meanwhile is the Nigerian economy doing great under Tinubu the CSU certificate forger and drug baron? Yes or no?

1 Like 3 Shares

Business / Re: How Dangote Sold Bank For N1.2 Billion, Shut Down Companies Over Gov't Policies by Racoon(m): 4:22pm On Aug 29
Naijaepic:
But, from what was reported in that article it was an event that happened before obasanjo sic (2003 - 2007). Hence, he mentioned when obasanjo asked him to come and invest, he declined.
How does Tinubulation got anything to do with that? Dangote was lamenting on past businesses that went south, and Tinubu policy was the causes?
Acknowledged! However companies are still folding up while potential investors are avoiding Nigeria like a plague due to Tinubu's economic catastrophic policies including policy somersault which are still affecting the economy.

4 Likes 2 Shares

Politics / Re: Nigeria Now In A National Emergency, Government Ineffective - Peter Obi by Racoon(m): 3:44pm On Aug 29
Two kinds of people propagated the myth of Tinubu’s governing capacity.

-1). Know-No-Betters. These are those who have never see let alone lived in a properly functioning city and therefore have no frame of comparison when they were told Tinubu would build Nigeria as he built Lagos.


They could be beguiled by the travesty of Lagos, a city where property value costs a fortune but cannot even boast of something as basic as potable water because that is the height of their experience. When you can self-soothe with the visuals of utopia, dystopia becomes livable.

-2). Dishonest-Know-Betters—the people whose lives and livelihoods depend on peddling lies, distortions, sentiments, and blatantly voiced falsehoods. They have experienced functional societies so they know what we have is subpar but they still tell you it is sufficient.

Nigeria’s future does not concern them because they have built a safe house elsewhere where they and their children will forever be untainted by the rottenness of the country.


Tinubu: The Man, The Myth And The Mediocrity 
https://www.google.com/url?sa=t&source=web&rct=j&opi=89978449&url=https://punchng.com/one-year-of-tinubu-the-man-the-myth-and-the-mediocrity/&ved=2ahUKEwj53evhjZuIAxWWzgIHHcaQB2cQFnoECBAQAQ&usg=AOvVaw0RtX936MVvVelrTtjUt2aX

5 Likes 2 Shares

Politics / Re: Nigeria Now In A National Emergency, Government Ineffective - Peter Obi by Racoon(m): 3:43pm On Aug 29
Solemn truth!

3 Likes

Politics / Re: I Can’t Be Deported,’ Canadian-nigerian Woman Threatening Yoruba, Benin People by Racoon(m): 3:39pm On Aug 29
This is the kind of beast the Nigerian system has produced
Politics / Re: No Timeline For The Implementation Of The Orasanya Report - Gbajabiamila by Racoon(m): 2:19pm On Aug 29
So why all the effizzy of implementing the report by the druggie government?
Business / Re: How Dangote Sold Bank For N1.2 Billion, Shut Down Companies Over Gov't Policies by Racoon(m): 12:46pm On Aug 29
Dangote claimed that even when former President Obasanjo then encouraged him to make investments in the textile sector, he had to decline the suggestion because of his prior experiences.
Not after enjoying unlimited forex from successive government thereby expanding your business empire.

40 Likes 2 Shares

Business / Re: How Dangote Sold Bank For N1.2 Billion, Shut Down Companies Over Gov't Policies by Racoon(m): 12:42pm On Aug 29
Tinubu’s tribulation agbadorian economics is affecting everyone now. In-house and foreign macro-industries or establishments are just folding up with gusto because of a economy bastardized by an illiterate but certificate forging drug baron whose only claim is entitlement to a presidency he knows nothing about. Dangote and all these elites like Tony Emelelu Femi Otedola all saw this disaster and gave it support. Now the rich are also crying.

59 Likes 3 Shares

Business / How Dangote Sold Bank For N1.2 Billion, Shut Down Companies Over Gov't Policies by Racoon(m): 12:41pm On Aug 29
-Nigerian billionaire Aliko Dangote said that by entering the textile industry, his company lost billions of naira in investment

-The billionaire businessman also said he was forced to sell his bank, Liberty Merchant Bank, for N1.2 billion

-He said the government failed to offer any protection through policy decisions, which resulted in the closure of the two factories

Behind every success story, there is always that struggle which is not so known to many. Such is the case of some billionaires like Aliko Dangote, who had records of failed businesses before finally becoming Africa’s number one billionaire.

Dangote shared personal experience during his keynote speech at the 2024 Manufacturers Association of Nigeria (MAN) summit in Abuja, according to an Independent.ng report. He claimed his company lost billions of naira in investment due to his entry into the textile sector.

Dangote talked about his challenges in the rapidly expanding Nigerian textile industry and why his two plants had to close.
Following the 1960s textile boom, the chairman of the Dangote Group said his company invested billions of naira in the sector.

However, the two plants were shut down because the government did not protect policy decisions. Dangote stated that he was forced to sell Liberty Merchant Bank for N1.2 billion to cover the pensions and gratuities owed to Nigeria's textile mill employees.

“When textile businesses were booming, we set up our textile mills called Dangote General Textile Mills in Kano. Then, we massively invested billions at that time

“We also went and bought the foreign shareholder of Nigeria Textile Mill, which was a textile mill set up for the Western Region by Chief Obafemi Awolowo. That was 1960. At the end of the day, there was no government protection. We had to shut both the two factories."


The billionaire claimed that the Nigeria Textile Mill presented the most obstacle because most of its employees had been there for 25 to 30 years, making it challenging to pay their pensions and gratuities.

Dangote said: “Luckily for us, somebody now came and said he wanted to buy our bank, Liberty Merchant Bank. By the time we sold Liberty, I cashed out N1.2 billion. After cashing out N1.2 billion, the industry consumed N985 million to pay pensions and gratuities just to get out of the business. That is how we now got out of the business. We burnt our fingers."


Dangote claimed that even when former President Obasanjo then encouraged him to make investments in the textile sector, he had to decline the suggestion because of his prior experiences.
https://www.legit.ng/business-economy/money/1610614-dangote-sells-bank-n12-billion-shuts-companies-government-policies/

7 Likes

Politics / Re: Reps Write Canadian Government Over Woman That Threatened To Poison Nigerians by Racoon(m): 12:15pm On Aug 29
LegendHero:
What did lagospedia did wrong? He only said Igbo should leave the SW. How does that related to poisoning people?..
You think you are making sense right? Perhaps you are behind that stupid handle. And where did the fool derived the constitutional power to order an ethnic group to leave a part of the Federation when the forced Union has not been dissolved yet?

Meanwhile, were it been Igbos that said likewise would your likes have looked @ it the same way? Why are you like this? Remi Tinubu threatened Igbos? Oba of Lagos threatened Igbos. MC Oluomo threatened Igbos. And here you are down playing rubbish?
Politics / Re: Reps Write Canadian Government Over Woman That Threatened To Poison Nigerians by Racoon(m): 12:13pm On Aug 29
loveth360:
How did what the woman said different from what your Oba of Lagos is when he threatened to throw Igbos inside lagoon.What of below Yoruba guy that said Yoruba should killed all Igbos in south west 👇👇👇
As with their nature, hypocrisy and double standards is their trademark. Tinubu advent in power really exposed a lots of things.

2 Likes

Politics / Re: Reps Write Canadian Government Over Woman That Threatened To Poison Nigerians by Racoon(m): 12:11pm On Aug 29
TUTU147:
I am a proud igbo man,I don't support rubbish let her face the music.You can't threaten to kill people just because you don't like them or their behavior.....
Same here sir.
Politics / Re: Reps Write Canadian Government Over Woman That Threatened To Poison Nigerians by Racoon(m): 12:07pm On Aug 29
Meanwhile, many others have been making overt and covert threats against Igbos under the Nigerian federation,but non including the HOR doing this patriotic act has ever deemed it fit to arrest MC Oluomo, Oba Riliwan here in Lagos or establish diplomatic relationship to arrest those outside the shore of this nation abi? Hypocrisy! Everyone got receipts.

1 Like 2 Shares

Politics / Re: NLC President, Joe Ajaero Honours Police Invitation (Photos) by Racoon(m): 12:05pm On Aug 29
Tokskob2008:
Those names you mentioned are saints
Hypocrisy they worry him and his drug baron of a demigod

14 Likes

Politics / Re: Tinubu To Present Whistleblowing Policy To NASS by Racoon(m): 11:59am On Aug 29
Cant imagine one would be living in the same country where fraudulent people are the one initiating and implementing policies on trust, integrity and corruption fight.
Politics / Re: Commissioner Of Police, Waheed Ayilara Dies Of Prostate Cancer by Racoon(m): 11:07am On Aug 29
Orinechi:
Died of complications! This is the impact of sorting to become a medical doctor. Only God will save us from the hands of incompetent doctors that we have now. Sorting has finished us
Surgical complications still happens with the best surgeon in the world man.

27 Likes

Politics / Re: Commissioner Of Police, Waheed Ayilara Dies Of Prostate Cancer by Racoon(m): 11:06am On Aug 29
RIP to him. Let the life he lived and relationship with his maker speaks for him. Adiue!
Politics / Re: "Let's Kill All The Igbos," - An Anti-igbo Tweet That Raised No Dust! by Racoon(m): 10:56am On Aug 29
stanluiz:
You people keep talking about this January 1966 coup. Is becoming boring. Is the Nigeria the only country that has experience coup and civil wars ?

You said 1966 January destroy Nigeria. But what about the subsequent July 1966, Feb 1975, Dec 1984, Aug 1985, April 1990 and Nov 1993 coups? Why are you not talking about those ones ? Abi, those coups didn't Destroy or did it turn Nigeria to Dubai ?

You tribalise 1966 January coup but didn't tribalism the following coups that follows abi ? Is it because no igbo man was involved in those coups. Una hypocrisy is too much! Even the devil go shock.
Well said! Two wrongs does not make a right. It only set up a viscious cycle of revenge and counter violence
Politics / Re: "Let's Kill All The Igbos," - An Anti-igbo Tweet That Raised No Dust! by Racoon(m): 10:52am On Aug 29
dumahi:
There are worse things than this being done and said against the Igbos but no one cares. Igbos too don't care. But, let one Igbo misyarn, it gets branded an Igbo conspiracy and make national headline.
This is a solemn fact! Even the Nigerian police started doing damage control for an open threat MC Oluomo made against Igbos here in Lagos. How can this country move forward with this mentality .

3 Likes

Politics / Re: "Let's Kill All The Igbos," - An Anti-igbo Tweet That Raised No Dust! by Racoon(m): 10:49am On Aug 29
Let all man his or her different ways una say no. Let's dwell together in peace, una say the only peace is when an Igbo is subjugated and dehumanised.

1 Like

Politics / Re: NLC President, Joe Ajaero Honours Police Invitation (Photos) by Racoon(m): 10:45am On Aug 29
seunmsg:
Why make this noisy show over an ordinary police invitation? I don’t know what the police is investigating him for but looking at how he has conducted himself so far so good, he’s not behaving like his hands are clean.
When is the same police men going to invite Asari Dakubo( seen carrying cache of ammunition not in possession of the Nigerian military), MC Oluomo and those Bandits making videos on TikTok Mr man?

70 Likes 7 Shares

Politics / Re: Tinubu Presidency Spends N366million On Bulletproof Tyres In Three Days by Racoon(m): 10:41am On Aug 29
Everyday it is from one ridiculous corruption thing or another under Mr CSU certificate forger cum heroin trafficking criminal

1 Like 1 Share

Programming / Re: Become A Software Developer, This Ember Months by Racoon(m): 10:31am On Aug 29
Interesting!
Politics / Re: Kano Airport Cleaner Returns $10,000 Found In Aircraft by Racoon(m): 10:31am On Aug 29
What an exemplary act especially in these days of economic meltdown and moral depravity. This young man will go places.
Politics / Re: Number Of Armed Robbery Cases In Nigeria by Racoon(m): 9:42am On Aug 29
It is still glaring which region is suffering from insecurity yet they are obsessed with the South East as if it is the only insecured region.

2 Likes

Politics / Re: Ohanaeze Condemns Video Threatening Yoruba, Benin People With Poison by Racoon(m): 8:46am On Aug 29
Politics / Re: Reno Omokri Continue To Demystify Peter Obi And Showing Him As A Tribal Leader by Racoon(m): 7:19am On Aug 29
Reno Omokri simply has an obessesive compulsive disorder (OCD) about Peter Obi.

2 Likes

Crime / Re: Sokoto Residents Storm Forests To Confront Bandits by Racoon(m): 7:17am On Aug 29
Evidence of a failed state.
Crime / Re: Nigerian Pilot, Olukayode Ojo Faces Prison For Falsifying Documents In US by Racoon(m): 5:57am On Aug 29
Imagine this is in an inherently unforgiving field of nature like aviation where even when you do the tight thing, disaster still happens. Tinubu has long set a precedent for him.

18 Likes

Politics / Re: Enugu Marks 33 Years, Set To Celebrate 115th Anniversary Of Coal City by Racoon(m): 5:57am On Aug 29
Mindlog:
My retirement destination.
Well said nwannem!

5 Likes

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