Kingsway International Christian Centre (KICC) Global President, Pastor Matthew Ashimolowo has opened his book of lamentations.

He said: “Anybody who does not invest in Lagos now will regret in 10years time, because some of us regretted not responding to LAGOS on time, I came to Lagos as a young pastor when a plot of land in Opebi was N500, and AllenAvenue was N1000 for a plot. Allen was a bush. Ikeja areas were bush. Opebi was a bush. A plot of land in Isolo was N500.”

“The same Opebi which I wouldn’t buy for N500 in 1979/80, and now went in 2004 and bought the plot for N10m, and built four flats and a small house at the back, and stayed there for a few years. I now sold the whole place for N120 or N150m in 2018, my own investment there was N55m.”

“The Nigerian banks, I am here today, am 72, and can say what I like, if you take me to court, you are wasting your money because I intend to talk about investments, and why you should do real estate, and not all these buying shares in banks because I lost about N200m in Nigerian banks.”

“N200m worth of shares and they didn’t sell it N30m; if I had used the money to buy land, I don’t even need to cut the grass. And I am not even talking about wonder banks, I am talking of the ones that are in existence today, and every time their shares go down, their MDs and founders go up, How come?”