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Bode George already explained how Wigwe made all that money. Rent-seeking. Billionaires without inventions or factories. It's not just Wigwe. All of them. You can trace all their wealth to rent-seeking These are the people worshipped by those who say they want New Nigeria.
477,485 Aufrufe • vor 6 Monaten •via X (Twitter)
33 Kommentare

Wealth without productivity is just a transfer of poverty. If your billions can be traced back to a government contract or a banking loophole rather than a factory or a global product, you are part of the problem. We worship the success but ignore the source.

The two options we have are a Chinese style system with a powerful benevolent socialist government or a benevolent dictator surrounded by like-minded people. This democracy business we run will take 200 years to get nowhere.

I hate it when corrupt politicians leave office and start crying about the things they failed to fix while in office. They aren’t repentant, they’re just angry they no longer have access and they know Nigerians suffer from short-term memory.

This right here. Is one of the major differences between us and the west. They steal and bring it in, in 9ja they steal and give it to the west. If this is true how can you be the 7th highest property owner in UK and you are from poverty capital of the world

You see why these so called wealthy criminals can never say truth to power?because they benefit more from the corruption going on in the country.some of them got an oil well at no cost,banking license at will and a lot of many benefits from the corrupt system and government.

Do you all know the magnitude of this things said, every one of them is guilty of it. Nigerians are not angry enough i promise you

We know you are thieves. Invest the damn money into industrializing Nigeria.

Nigerian money making defies market principles & logic. Dangote, Otedola etc are all beneficiaries of this stupendously corrupt system. There is no way Dangote becomes worlds richest black man in the same breath Nigeria becomes poverty capital of the world. Their is a disconnect

For those who don't know the meaning of Rent-Seeking It means "exploiting the system instead of creating real value that improves people's lives in the system."

@DavidHundeyin The Nigerian banking sector is the most corrupt in the country.

I bought four thousands unit of access bank shares in 2008/9 first initial public offers in Nigeria as soon as we bought that shares fell below market price it never grew it was deliberate by this crooks so you can’t sell waited for yrs I’m not sure where I left my certificate

Have u forgotten how politicians were wailing when he died? Na dem properties be that.

Organised crime brr, you'd be suprised to know the amount of factories in Nigeria compared to banks and religious houses.

Later, people will still write, "REST IN PEACE". My RIP only goes to the deserving. Even if a million writes " RIP", our GOD is never unjust. PIECES is an understatement of what will happen to you if you are amongst the people stealing the commonwealth of Nigeria.

If these is not the definition of wickedness what else? looting and laundering cash by disguising as a bank owner. no wonder the other guy too is endorsing Tinubu.

@DavidHundeyin Herbert co-founded a bank and through sheer hard work and grace of God, they expanded their branch network abroad. He also held shares in a reputable construction company. His legitimate earnings from these businesses can easily acquire this number of properties.

You see someone in Nigeria worth billions some even in dollars yet nothing but hunger, poverty and wretchedness all around them. Anyone who has run a business knows the process involved in scaling up legitimately. A lot of people in your supply chain get wealthy too not just you

It could be that he was actually killed and they made it look like an accident cos of this his properties discoveries

Corruption is embedded in the structural constituent of Nigeria and it has been legitimized such that what happens every electoral cycle is the forceful monopolization of corruption by these lots.

Classic case of wealth without enterprise

106 properties in London? That's not hard work—it's rent-seeking on steroids. Made billions from Nigeria's forex arbitrage, invested zero in local industry. Now the UK benefits from our stolen wealth. Sad reality.

@DavidHundeyin I went to pitch a JV to a successful’ oil mogul. In the course of our conversation about how I didn’t want to Japa because people like Mr. Dangote can defy these odds. The man laughed so hard, almost mockingly; then he asked- your leaders are so rich, wey all their factories? ✌🏿

Wigwe father inlaw is a billionaire from Anambra, formal chartered accountant both nnpc and Shell during ibb regime. Wigwe wife chizoba own crunberg construction company so all na billionaire family.

The banking sector globally is always one of if not the biggest industry in any country. So we still don't understand that if you operate a bank in Nigeria you will be stupendously rich without needing to defraud anybody. You don't need a factory.

@DavidHundeyin Very informative and helpful to realize the harm these individuals caused this nation so much unmutedly.

All our money stacked abroad. Foolish lots.

we have a long way to go... lmao

@DavidHundeyin It'really so sad that mist of these so called wealthy Nigerian are exploiting the masses and become rich at their expense. The spit on the graves of the masses yet they pray for such persons to "Rest In Peace" when they pass. How!?? 🤷♂️

Money laundering with the aboki cabals is keeping bank afloat with arbitrage

@KayMandla Correct, but this is a pot calling Kettle black. How did Oga Bode make his own billions. Wettin he invent.

Sorry country. Wealth without productivity

That's why the MF didn't die well. All of them will go in a painful way!

Nigeria is in for a long ride
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