Thread by @Ekwulu

“My Daughter Oge Receives $500 (250,000) Monthly Stipend And That Is Enough For Her”
- Nigerian Billionaire And UBA Chairman Tony Elumelu Reveals

Let’s hear him as he explains further:
“My daughter Oge who is my first child and the heiress to my business is in London school of

Economics and she gets $500 (250,000) only from me every month”
“I pay her school fees so the stipend is for her feeding and every thing she wants to do for the month”
“She gets the stipend every month whether she is in Nigeria or London”.
“Just two days ago, I was at home with

her and I asked her if she has received her stipend for this month. She said no so I told her to have patience that she will get it the next day since that day was a public holiday in Nigeria”
“I also encourage her to save out of it and I’m happy that she is doing that”
“I was

telling her the other time to start investing in stocks, her own stocks from the little savings that she makes from the monthly stipend. We are training people, It is tough but we need to do this in order to have a better society” Tony Elumelu concluded.
For proper context, Oge’s

dad Tony Elumelu is worth over $700 Million at the moment according to Forbes and he is the owner of Transcorp hotel in Abuja and other Transcorp hotel franchise in Lagos and Calabar aside from being the chairman of UBA,Transcorp power plant( the owners of Afam power plant and

Ugheli power plant) Transcorp oil and gas( operators of OML 17) Afriland property and United capital PLC
-By Chukwudi Iwuchukwu