“What Happened To His ₦18,000?” – VDM Shares Receipts Of Dangote Flour Mills Investor Who Later Received Small Dividends

• VeryDarkMan has shared documents and dividend receipts belonging to a man identified as Sanni Sakariya Abolaji, who reportedly bought 1,200 Dangote Flour Mills shares at ₦15 each in 2007 for ₦18,000.
• The documents shared in the video show dividend payments of ₦324 and ₦216 in 2009 and another ₦108 payment in 2012, prompting discussions about the experience of ordinary investors and the current enthusiasm around the Dangote Refinery IPO.

VeryDarkMan has shared the documents and old dividend receipts of a man identified as Sanni Sakariya Abolaji, who reportedly invested ₦18,000 in Dangote Flour Mills during its 2007 initial public offering.

According to the documents presented by VDM, Abolaji bought 1,200 units of the company’s shares at ₦15 per share.

Dangote Flour Mills had opened its IPO in 2007 at ₦15 per share and was subsequently listed on the Nigerian Stock Exchange in February 2008.

VDM’s video showed documents indicating that the investor received ₦324 and ₦216 in dividend payments in 2009, followed by another payment of ₦108 in 2012.

Some reports said Abolaji later d!ed and his children inherited his investment documents, although details surrounding his estate and the eventual status of the shares were not independently established.

The story has resurfaced amid strong interest in the Dangote Refinery IPO, with VDM using the historical documents to question whether ordinary investors should rely solely on the reputation of the Dangote brand when assessing a public offer.

However, the documents alone do not establish the total return on the investment, since dividend payments are only one component of an equity investment and do not show the eventual market value or any corporate actions affecting the shares.

Social Media Reactions

@Fortunate0_1: W no beta for this VDM nothing he sabi na to just Dey spoil market for people Omo Werey

@duke_dura: Make nothing happen to my share o all this una sabi sabi make una stop am o 😩😩

@its_Miguel04: Since I bought that IPO shares I never get rest of mind. Weird story from left and right. 🤣 I no ft sleep again for night e Dey do me like say my share go disappear

@BuckwildHenry: Vdm keep quiet u don’t know anything about stocks. Na bcos Dangote snubbed you on dat phyna/Dangote truck matter na wetin just dey pain u..me I know. Guy lock up!

@AigbomianS24291: Make nothing happen to my share for that company oh… I’m a shares holder in Dangote IPO

@UzowuruEmmanue5: I like listening to my wife. When she said I should steer clear from that share, I didn’t argue a bit. I have other investments that can give us the kind of dividend we would love to have.

@AlpheusDynasty: I repeat I’m not buying dangote refinery IPO for now. Let it start trading on NGX first.

@AAAOyin: E better make I use my money play bet than buying SHARE in this country so called Nigeria 🇳🇬 🤝

@kacharn1: Guy dey give Vdm video credit. Many of us don’t know his Twitter page

@maypride: I bought that shares too back then till now I no nothing about the whole thing till date 😂😂

@Joan_Iri: Shares showed my mum shege..shares of 22 years no profit. These people are thieves they will later give stories that company was sold so shares value dropped.

@Eno_gie99: The funny part is that if you lose your money in this IPO, you no go even fit fight am or cry out. Because na gamble 🤦🏿

@SulaimanAbbaty: VDM na the weapon fashioned against rich people for this country. I love it 😂