"At 19 I Borrowed N19M From My Uncle to Go Into Diesel Business": Mr Eazi Shares Risky Move, Outcome
- Nigerian business mogul and singer Mr Eazi has shared a struggle he had to face at a young age with fans
- The emPawa Africa boss was on a UK podcast recently and he shared a business decision he made at the age of 19
- How the newlywed navigated the difficult situation and what happened ignited mixed reactions online
Nigerian online users have reacted to a new video from Mr Eazi, where he discussed some of his life choices on a podcast.
The Nigerian business mogul, who recently married billionaire's daughter, Temi Otedola, revealed how he borrowed the sum of 19 million from his uncle.
Source: Instagram
According to him, the plan was to invest in a diesel business, but three months after he invested, things went south, and he lost it all.
In Mr Eazi's words:
"At 19 I borrowed ₦19 million from my uncle to go into Diesel business, three months later the business crashed and I lost the whole ₦19 million."
Watch the video below:
Recall, Mr Eazi's secondary school yearbook and the motivational message attached to his picture recently trended online.
The singer's yearbook also featured some of his classmates, who also trended on X, formerly Twitter
Reactions trailed as Nigerians compared Mr Eazi's classmates' success with his as they searched for their social media pages.
Reactions as Mr Eazi shares N19M business story
Read some reactions below;
@pgblao said:
"People are only focusing on the fact that he got the loan, you guys are not going to look at the fact that for someone to give you such loan he must have trusted you to some extent to take such a risk on you at that age. The guts and efforts you have to put in to convince them to use their savings to take such risk? Many of you have relatives who can afford to take some risk on you but you can’t be trusted cause you’re not consistent with anything also you may not appreciate what they can afford so they just don’t waste their time."
@booda_waseeu said:
"What I learned from this is that failure is part of growing. Every setback is a seed for future wisdom. Sometimes losing is the tuition fee we pay for the lessons that set us up for bigger wins."
@Araboriota78332 said:
"At 19 most people are still asking parents for pocket money. Even though the business failed, the experience Mr. Eazi gained was worth more than the ₦19m. No wonder he built himself into a global brand later."
@stmajoraa said:
"However laughs at this does not understand what business men face in Nigeria. To do business in Nigeria is very risky."
Source: Instagram
@justroselyn__ said:
"God help to be a rich Aunty. Make me sef dash my nephew 50m to start a business. As all of una dy complain of una Uncles I hope you remember that you are the new Uncles and Aunties o,"
@uchebakaadi said:
"Zagadat! uncle borrowed 19 years old 19M how much was that in USD then. Eazi borrowing from in law book of Fabu whose father also borrowed him. Ajibade senior or Uncle does not ring a bell IF uncle could give such loan. He must b unknown Billionaire. Hw much Pa Eazi Senior hold?"
@just_lawson__ said:
"If my uncle borrow me 2k, na everyday e go Dey call me."
@MANCODE__ said:
"Just because someone’s roadmap worked for them doesn’t mean it’s a GPS for your life. At 19, Mr. Eazi borrowed ₦19M and hit a crash,.some routes are scenic, some are potholes."
Mr Eazi’s reply leaves Peller quite confused
Earlier, Legit.ng reported that Nigerian online streamer and TikTok star, Habeeb Hamzat, widely known as Peller shared an update with fans.
Peller, who is known for linking up via live streams with celebrities, told fans that he reached out to Mr Eazi for the same.
However, he got a response that left him confused, as he sought the help of his fans to interpret it for him.
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Proofreading by Funmilayo Aremu, copy editor at Legit.ng.
Source: Legit.ng
