Tuesday, 17 October 2017

PAEDIA EXPRESS FOUNDER'S SHOES GOES ON SALE FOR $100,000 IN LAGOS



PAEDIA EXPRESS FOUNDER'S SHOES GOES ON SALE FOR $100,000 IN LAGOS




The Founder of Paedia Express  Multimedia Group ,Lagos,Nigeria,Mr Abdulmumini ireyi Adeku
has put a shoe believed to be at least 10 years old and which he has used continually since 2010 after collecting it as a gift for sales as an online public auction goes on live via his Facebook fan page with teh auction being conducted by the Paedia Express Consulting.
The Shoe , a  pair of brown leather broaches boot was given to him by a colleague in the production ,sales and circulation department of Financial Standard Newspapers ,where he earned a living as Editor ,Digital Edition in 2010.
The shoes are expected to be available for the purpose of public auction for between six to 12months  maximum.
Mr Adeku says due to his brand's shoe string nature and its strict policy at never visiting any bank for a loan he will have to embark on the public auction for the purpose of raising liquid cash which will then be plough into his business and also supporting Paedia Express Trust charity works en route to  his brand being floated in the Nigerian Stock Exchange.
Mr Adeku's other prized personal assets,among which includes a rare Switzerland made wrist watch ,a Holy Bible and a book on the Life and Times of the Prophet Mohammed [P.B.U.H],all given to him as gifts on account of service to mankind through the art and science of Journalism will however not go on auction.
Though business man ,Abdulmumini ireyi Adeku is wealthy by all standard as he is currently valued at a whooping 18 billion British Pounds Sterling ,but is a versed to the idea of taking and leaving on bank loans and will rather use a public auction model to raise cash for his brand while cashing in on his brand profile and positioning.
Mr Adeku's personal fortunes are tied  in shares and likely stocks in the future  and not in liquid cash.
This is the first time in eight years of continuous trading Mr Adeku will be going live via a public auction after starting business in 2005 with a modest N100 000 or thereabout from gifts from Erelu Mojishola Obada ,Former Deputy Governor of Oshun State and a desk top computer given out to him by Dr Phil Osagie, Head Consultant, J.S.P. Corporate Communications ,Lagos,Nigeria

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