Bank MDs gain, shares drop, Ashimolowo laments after N200m loss

The Senior Pastor of Kingsway International Christian Centre, Matthew Ashimolowo, has implied in a cryptic statement that managing directors and founders of Nigerian banks benefit when the value of bank shares decreases.

Speaking in a now-viral podcast interview, Pastor Ashimolowo recalled significant financial losses he experienced due to ill-fated investments in Nigerian banks.

Reflecting on these setbacks, Ashimolowo revealed that he lost about N200 million shares in Nigerian banks… READ MORE

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