VeryDarkMan Criticized for Dangote Shares Claims

Martins Vincent Otse, known as VeryDarkMan, received criticism on social media platform X after he shared documents regarding an individual's purchase of 1,200 units of Dangote Flour Mills shares for ₦18,000 in 2007. He claimed the shares were bought at ₦15 per unit and highlighted dividend payments of ₦324 and ₦216 received in 2009, and ₦108 in 2012.

VeryDarkMan urged viewers to consider these documents as lessons for the ongoing Dangote Refinery initial public offering (IPO). However, many users questioned the relevance of this historical investment to the current IPO, with comments pointing out that the 2007–2008 global financial crisis negatively impacted the stock market.

Critics accused VeryDarkMan of discouraging investment and questioned his qualifications to provide financial advice. Users emphasized that investors are aware of the risks associated with stock investments and criticized VeryDarkMan for focusing solely on Dangote.