Burob:
E be like say you never take your medicine today?

casualobserver:


I gave you verifiable facts and figure including sources. You still come here spewing road side Motorpark tales. I thought you would have some shame and tell us how Elumelu owns 30% of Apple and your source. You are the one making a claim…prove it.

I reply because others are reading, I am sure those with a brain know who is credible and who is just spewing fables and beer parkour tales of a time gone by. Clearly you get your info from Alex reports and all those hype blogs proclaiming everybody billionaire.

As I said Elumelu is a good example of what happenned to the Ibrus and the destruction of wealth by the devaluation of the naira for Nigerian families whose businesses are based on the Nigerian economy and earn in naira. In 2015 Forbes ranked Elumelu as Worth $700m (he had fallen from his 2014 ranking) but by 2016 he had dropped off Forbes radar..meaning they were no longer interested in ranking him. What happenned in 2015? Exactly naira started to fall. Elumelu has little else aside from UBA and Transcorp. if you know anything else you are free to share. The naira has gone from $150/160 in 2015 to $1000 as at yesterday. His wealth is based on UBA and transcorp?heirs holdings. I have al;ready provided the links. his holding in transcorp and UBA were worth $135m as at yesterday...this is fact not rumour, not noise, not wild assertions. Same fate befell the Ibrus and many other families!!! Divide Tony's $700m by his $135M of today and you get approximately 6. Divide the $1000:1 of today by the $160:1 of 2015 and you get approximately 6. That is the effect of currency devaluation! The good thing is at least in the case of Elumelu, his wealth in 2015 and 2023 is documented and verifiable...only a retard will deny facts. You are seeing what happenned to the Ibrus playing out with ELumelu, you refuse to beleive both because you are hanging on to a time that once was. however, that was then and this is now. As at today neither are billionaires, neither are as rich as they once were, they may rise again tomorrow but not as at today. The lesson here is the effect of the brutal erosion of wealth by Naira depreciation, so stop getting excited because your property or stocks went up in Naira. N1m is less than $1000 dollars, 9 years ago it was $6,000…..in 1984 the Ibrus N1m was worth $1.6m, today it is worth less than $1000, not enough to buy an economy ticket to London. You may find this hard to beleive but what happenned between the 1985 and early 94 was worse than the devaluation of 2015-2023. Naira went from being stronger than the dollar ($1:N0.6) to ($1:N20) so if anything the impact on the Ibrus would have beeen worse than what we can see with evidence happening to Elumelu right before our eyes.


https://www.forbes.com/profile/tony-elumelu/?sh=5d04b0b118cb

I know you are retarded and will not see how you can lose your wealth with devaluation but I hope those with brains can see what happenned to the Ibrus and why I say if they were Billionaires at some point in the 80s (which i doubt) they are certainly not today.

This time I will ignore as I can literally feel my IQ dropping the more I engage you.

Hedonisco:

Unfortunately I can't say much about that. The devil is always in the details.

KunleMax:
No vex. You wey don take your medicine. Tell us how much you feel say be their networth.

KunleMax:
You are always shouting I don't have time to discuss people's wealth every four market days but you will be here always writing epistles upon epistles like apostle Paul. No be you talk on Sunday say the topic don die and say you no get time for am? The ignore no dey work for your side again?

I knew you were mad when you said you know "some" Ibrus, not one oh, But some Ibrus who can't pay school fees. When Kalu countered you, you ran and "edited" it to you know some Ibrus "struggling financially", and went ahead to say you don't mean to attack the Ibrus. It was at that point I know say your craze don pass craze. Na Uselu psychiatry remain.

You dey shout Devaluation devaluation!! Their investments and properties abroad Devaluation affect am too? Ode!!

You are a pathological liar and uncouth. I went through the whole thread from page 1 and saw that you always threw insults anytime someone came at you with a superior argument. It was from there this thread degenerated to insults. Even when I tried to engage you reasonably and maturely, you came off rude.

Walai I go snub your papa if I be kalu. You don't deserve an engagement. Stupid boy!!

casualobserver:


Stop mentioning my name to deliberately gain my attention. Especially if you don’t want me to out you as unexposed simpletons and hillbillies.

Burob:
I tell you say I dey work for Forbes or Bloomberg?

Bizibi:
abeg calm down.....which year jowizaza graduate from the private University in the east that you are comparing....abeg make I no laugh.

Hedonisco:
I hear some people saying the entire dynasty may be worth at least $500m. Fair enough. Net worth. Not money in the bank.

You do know or have heard that some fraud boys run schemes of multiple millions of dollars. Some of these boys have $10m cash stashed in bitcoin. We heard of woodberry at least.

If the whole Ibru clan's complicated network of assets may be worth $500m, then how many children are in the extended Ibru clan, and how much cash do you think OBARO personally has access to? That's my point.

As of today, in terms of liquidity, he will be run out of town by one nonentity who was a child running around naked in probably one ghetto in Agege in 2002 when Obaro was already Obaro.

Hedonisco:


Lol. I know it is not a comprehension problem. It is an impatience problem.

Read my post again slowly and understand my unambiguous point: Jowizaza is richer and more liquid than OBARO Ibru and many of the Ibru kids, one on one. And again I repeat currently, Jowi will run OBARO out of town when it boils down to the money doings that OBARO was infamous for in his prime.

If you're doubting that or relating it to Jowizaza's dad's so-called wealth, then you'll are deluded. This even has nothing to do with Jowi's father or his potential inheritance when he dies. I'm talking about essentially Self-made Jowizaza.

KunleMax:
Now I get why FSBoperator sounded this way earlier but ChidiKalu thought he was being tribalistic.

Nigerians (especially the Igbos) over hype shit...na social fame & loud doings Dem understand. People truly don't understand WEALTH.

ChidiKalu:
He's the one I am talking about and I know he's really wealthy. I agree with you on him being the most prominent indigenous player in the palm oil sector btw. He heads the sector and has done so for years.

PS: The casualobserver guy who claimed to be knowledgeable about the palm oil sector had never heard of him or the most powerful palm oil cabal in the country (which he heads). But he thinks he knows the Ibrus and their business operations. Laughing my ass off!!!

ChidiKalu:
Attached below are PZ Wilmar's files on palm oil supply by major players in the palm industry across years.

For everywhere you find Wilmar, Presco or Okomu, Aden Rivers would always be represented.

But a certain idiot who claimed to have professional knowledge of the palm oil sector ignorantly insisted that Aden Rivers is not a major player. And According to him, he's done consulting work in the palm oil sector, yet he's never heard of POFON until this thread. Two faced liar.

PS: JB farms is not even on the list. Ibrus have long been into palm oil bussiness since the 60s/70s, and have been producing for decades. JB only started acquiring major lands recently for palm oil bussiness, and he's also done marvelously well. Most of the major palm oil firms on this list were founded before the 80s.

Moh247:


No they don't

They own alot of investment back then like Oceanic bank, but lost over 1 billion euros to fine of corruption with their asset frozen in Nigeria UK and UAE

KunleMax:
Now I get why FSBoperator sounded this way earlier but ChidiKalu thought he was being tribalistic.

Nigerians (especially the Igbos) over hype shit...na social fame & loud doings Dem understand. People truly don't understand WEALTH.

ChidiKalu:
Yes, The Ibru family is extremely wealthy and connected. I think the family "collectively" is wealthier than Dangote. They've got investments/assets in almost every important sector of the economy. The Ibru port complex alone is a multi-billion money spinner.

PS: The Adelekes are non-factor here. They don't have it like that. It's OBO that gave them that wealth PR. There are wealthier Yoruba families.

Hedonisco:


Abeg make I laugh. Even some top level yahoo boys would dust his azz in that same Dubai.

Generally I don't need to mention some heavy names but trust me, 'ordinary' Jowi, Captain Okunbor's heir, and many more will run Obaro out of own.

Bizibi:
jowizaza Come on,this is ibru oooh,abeg calm down.

Ahmeduana:

You don't know the Ibru family, you are only narrating from there later day events, ask around who owns continental fisheries, they owns lot of 5 ⭐ hotels, most lands in Apapa belongs to Ibrus dynasty, and almost all the family members are millionaires or billionaires, they also owns Guardian news paper.

FSBoperator:


Abeg loud it for Anambra okiete billionaires .

Hedonisco:


Even Tunde Folawiyo alone is wealthier than the Adelekes. But he is dead silent.

That said, it is ridiculous to say that the Ibrus are wealthier than Dangote. Not anywhere close to close. Forget old name. In fact, a lot of the new kids on the block with access to new money schemes (related or unrelated to government funds) would casually put the Ibrus to shame when it is a matter of cash. Even their previously conspicuously extravagant children (Obaro and Co) have been forced into hiding because they simply lack contemporary liquidity and can no longer compete!

Hedonisco:


Abeg make I laugh. Even some top level yahoo boys would dust his azz in that same Dubai.

Generally I don't need to mention some heavy names but trust me, 'ordinary' Jowi, Captain Okunbor's heir, and many more will run Obaro out of own.

Hedonisco:


Lol. I know it is not a comprehension problem. It is an impatience problem.

Read my post again slowly and understand my unambiguous point: Jowizaza is richer and more liquid than OBARO Ibru and many of the Ibru kids, one on one. And again I repeat currently, Jowi will run OBARO out of town when it boils down to the money doings that OBARO was infamous for in his prime.

If you're doubting that or relating it to Jowizaza's dad's so-called wealth, then you'll are deluded. This even has nothing to do with Jowi's father or his potential inheritance when he dies. I'm talking about essentially Self-made Jowizaza.

ChidiKalu:


https://drive.google.com/file/d/15h1T7yl1trTN9Pb_02gVZDFRYp75NUAT/view?usp=drivesdk

https://drive.google.com/file/d/160xPzvzJSxKPgcz_SNA4HgVuvNqZfStA/view?usp=drivesdk

https://drive.google.com/file/d/15S0CwXoPqKic8rBEQ1jOGbdDhHXvhoAX/view?usp=drivesdk

OGterry:
Haha. This is god-level evidence.

Cos I can't comprehend how someone can be chairman of an association meant for the biggest boys in the palm oil industry, but you say such a person is a "small boy". The disrespect though!!

He drew a false parallel with Fayose being chairman of the governors forum despite Ekiti not being the biggest/richest state. But the Fact is; Ekiti is a state, and Fayose is a governor, so he meets the criteria for being a member of that forum. If Ekiti wasn't a state, and Fayose wasn't a governor, there's no way he would be elected chairman of the Nigerian governors forum. A local govt chairman cannot be a member of the governors forum, much less being made chairman of the Nigerian governors forum.

So for Aden rivers to be a member of POFON and has it's CEO heading the organisation, it explicitly means that aden rivers meets the organisation's criteria, and therefore is a major player in the palm oil industry & has one of the largest plantations in Nigeria. Nobody is saying it is the biggest.

I don't understand how this is even an argument. This is a no brainer.

Ahmeduana:

You don't know the Ibru family, you are only narrating from there later day events, ask around who owns continental fisheries, they owns lot of 5 ⭐ hotels, most lands in Apapa belongs to Ibrus dynasty, and almost all the family members are millionaires or billionaires, they also owns Guardian news paper.

ChidiKalu:
Yes. But both the Ibru and Dantata families have maintained generational wealth. The Folawiyos have also maintained it.

Hedonisco:


Abeg make I laugh. Even some top level yahoo boys would dust his azz in that same Dubai.

Generally I don't need to mention some heavy names but trust me, 'ordinary' Jowi, Captain Okunbor's heir, and many more will run Obaro out of own.

OGterry:
How much is Jowi Zaza's father worth sef? What major businesses do they own? Abi you are rating Jowi zaza by the shiny IG life?

What does Jowizaza do? Tell us...

Bizibi:
jowizaza Come on,this is ibru oooh,abeg calm down.

OGterry:
Alot of new kids on the block will Put the Ibrus to shame when it's a matter of cash? Big cap!! Dead the cap, man!!

This isn't even about old name. They still have new businesseses & investments. What are you even saying!!

And apart from Obaro, which Ibru kid was conspicuously extravagant?

OGterry:
Alot of new kids on the block will Put the Ibrus to shame when it's a matter of cash? Big cap!! Dead the cap, man!!

This isn't even about old name. They still have new businesseses & investments. What are you even saying!!

And apart from Obaro, which Ibru kid was conspicuously extravagant?