A Nigerian man has lamented online after his investment of N50,000 is now valued at less than N5,000 in 2022.
The man, identified as Donald, shared his story on microblogging platform, Twitter, that he bought N50,000 worth of shares in Union bank back in 2005.
He said he used funds from the Chevron scholarship he won back then as an undergraduate to invest in the now-defunct bank.
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According to him, Titan bank has now taken over Union bank, and he’s been given a Mandatory Takeover Form (MTO) to fill.
He was sad that the value of his investment has dropped to below N5,000 in worth.
He regrets his investment
Donald regretted his action, saying he could have used that money to enjoy life back then.
His advice is for people to enjoy their money, or else capitalism or their next of kin would be the ones to enjoy their labour.
He said, “Do you know how many nights I could have shut Jives down in Nsukka with ₦50k in 2005??? This pot of beans life. Chop your money! If capitalism no chop am, next of kin go chop am. Chop am use floss.”
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Man Wins N265 Million After Investors Tasted His Rice
Meanwhile, a man smiled to the bank after he wowed investors with his skills in cooking jollof rice.
The Cameroonian man, identified as Giles Tchianga, registered for a popular Canadian show, Dragon Den, where investors give funds to qualified and vetted businesses.
He asked the investors to support his business with N26.5 million ($60,000) in exchange for a 10% share, but interestingly, he got more than he requested.
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