Seun Osewa turned down 150 million naira offer for Nairaland
Far back 2010, some investors offered to buy Nairaland, Africa’s largest online forum, from its founder, Seun Osewa, for one million dollars (about N150m). The Ota-based media-shy entrepreneur, according to Techloy, Nigeria’s most influential technology news portal, turned down the offer. Seun has told those that care to listen that the online forum will not go for anything less than N25 billion. Guess he wants to float a bank (lol). Whether he will be tempted with juicy but less than asking price, remains to be seen.
I think it’s a good decision by Seun, as Nairaland has the potential to turn in 50 million per annum in revenue and N150 milllion in just three years.
Nigeria land currently has the potential to turn it N50 Million per month but I think it’s one of the most under monetized forum in the world.
I support his decision. The future of the site is bright. I am a member of the forum which I think is one of the best in Africa. Ride on.
Well, I wouldn’t blame Oga Seun. Nairaland has become a tangible asset that will cast the limelight on its owner any day. Being Africa’s largest forum, I feel the asking price for should be reasonable and jaw-breaking.
You have got a nice site, JarusHub! I would humbly request you check out my growing forum, sir. Your comments will be appreciated. Thanks
There is some serious skullduggery afoot. Some rich politically connected groups are trying to FORCE Oga Seun to sell his website, in order that they may hijack the discussion forum to further their own specific political agenda, as Nigeria 2015 presidential elections draw near. Stay the course, Oga Seun. No ‘gree dem hikack ya life work, and turn am to election slogan factory. We dey ya back. No shaking.
https://www.jarushub.com/seun-osewa-turns-down-150-million-naira-offer-for-nairaland/