Nigerian man loses N1.8m in a day after making 3 times his capital
- A Nigerian man identified as Adeola Owosho has shared a how his business went south in 2018 and he lost close to N2 million
- Owosho, who said he almost got depressed after losing the money, disclosed he had borrowed N500,000 from his father to start the business
- According to him, after making three times his capital in a few months, he lost it all in a day
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A Nigerian man identified as Adeola Owosho has taken to social media to disclose that he lost N1.8 million while doing business and almost got depressed.
Owosho, who took to his LinkedIn page to make the disclosure, said he borrowed N500,000 from his father to go into a business he started learning while he was in his final year.
He said his father gave him the money from his gratuity which he had just received.
According to him, he made three times his capital in a few months but lost it all in a day, which was on May 29, 2018 adding:
"I used their toilet about 15 times in a few hours because of the panic"
The young man, however, did not disclose the type of business that cost him the money, but promised to talk about it someday.
Source: UGC
He said despite the failure, he kept his head up high and learnt the greatest lessons of his life that will forever guide his path.
Owosho wrote:
"Sometimes it is best to fail early in life. That way you learn vital truths that open your mind."
The young man advised people to pray to fail early.
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In other news, an unemployed security guard from Armadale, Australia, has turned a millionaire overnight after winning AUD 5.8 million.
The man whose name was not mentioned for security reason is said to be in his late 20s. The young man had fallen on hard times due to the coronavirus pandemic.
The man was buying groceries for his three-year-old daughter when he saw the Lotterywest sign and decided to buy a ticket.
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Source: Legit Nigeria