When you get a quarter you put it in the piggy bank. The piggy bank is on a shelf in your closet. Your mom knows this and she checks on it every once in a while, so she knows when you put more money in or spend it.

Now one day, you might decide "I don't want mom to look at my money." So you go over to Johnny's house with an extra piggy bank that you're going to keep in his room. You write your name on it and put it in his closet. Johnny's mom is always very busy, so she never has time to check on his piggy bank. So you can keep yours there and it will stay a secret.

Now all the kids in the neighborhood think this is a good idea, and everyone goes to Johnny's house with extra piggy banks. Now Johnny's closet is full of piggy banks from everyone in the neighborhood.

One day, Johnny's mom comes home and sees all the piggy banks. She gets very mad and calls everyone's parents to let them know.

Now not everyone did this for a bad reason. Eric's older brother always steals from his piggy bank, so he just wanted a better hiding spot. Timmy wanted to save up to buy his mom a birthday present without her knowing. Sammy just did it because he thought it was fun. But many kids did do it for a bad reason. Jacob was stealing people's lunch money and didn't want his parents to figure it out. Michael was stealing money from his mom's purse. Fat Bobby's parents put him on a diet, and didn't want them to figure out when he was buying candy.

Now in real life, many very important people were just caught hiding their piggy banks at Johnny's house in Panama. Today their moms all found out. Pretty soon, we'll know more about which of these important people were doing it for bad reasons and which were doing it for good reasons. But almost everyone is in trouble regardless, because it's against the rules to keep secrets no matter what. 

https://www.reddit.com/r/explainlikeimfive/comments/4d8rta/eli5_the_panama_papers/d1owxn5


Panama Papers Vs Saraki : Read https://www.nairaland.com/3028446/panamapapers-hidden-family-assets-saraki

T

The simplest explanation no doubt.






But not all Nigerian children understands what piggy bank is.

Now this is what I call simplified. I can't wait to know what the Nigerian kids hid in their piggy banks, and why.

Corruption and fraud worldwide.

Any Nigerian found culpable should be sentenced to death by hanging, including Bukola Saraki.

Cc: Zimoni

Simplified

we are watching as the drama unfolds.....
. . . Corruption has eaten deep down the root of Nigeria .

Nice one Op. You will make a good lecturer!!

nice one.
just that there is 99.9% chance that the Nigerians amongst them did such for bad reason because you will hardly see non politically expose persons amongst them.

Who is preparing to leave their house to go to nursery this morning?

Why would they put their money on a pusssy bank?
Reason: Stealing, looting & corruption!!!

wait, lemme google the meaning of piggy bag . is some stuffs about pig....just thinking

Nice1,blame buhari for this

[s]

Firefire:
Corruption and fraud worldwide.

Any Nigerian found culpable should be sentenced to death by hanging, including Bukola Saraki.

Cc: Zimoni

[/s]

Corruption you legitimize and defended like your life depended on it? Abeg leave trash for lawma.

jiaa, even President Buhari buhari will understand this explanation. Op u try.

Op replace piggy bank with kolo

Op, send me ur CV so i cn employ you as a kindergarten teacher.

nice breakdown.

feldido:
The simplest explanation no doubt.

But not all Nigerian children understands what piggy bank is.

We call Piggy Bank "Kolo" in Yorubaland.

Firefire:
Corruption and fraud worldwide.

Any Nigerian found culpable should be sentenced to death by hanging, including Bukola Saraki.

Cc: Zimoni

I believe there are other Nigerians on the list not only BukOle OleSaraki.

They are all going to Prison.

Sai Babaaaaaaaaaaaaaaaa

I have been observing the Panama papers saga and expected a website like Nairaland to constantly update us. However there has been little mention about it. This just shows how low Nairaland has fallen. The mods have become gossipers interested in facile and lascivious posts. Seun has jettisoned quality for increase in number of users.

Panama Papers dey trend worldwide now - Nairaland never mention it for front page!

Maybe bc seun ma get piggy bank for panama!

feldido:
The simplest explanation no doubt.





But not all Nigerian children understands what piggy bank is.

But them know Osusu?

It's now left to the parents to either forgive and forget, forgive and take over or punish to deter others from doing such.

There is a thin line between lieing and non-disclosure.

Mumumugu still doesn't understand

omowolewa:
It's now left to the parents to either forgive and forget, forgive and take over or punish to deter others from doing such.

There is a thin line between lieing and non-disclosure.

Non disclosure means you are not going to pay tax for that money hidden, which is almost equivalent as lying.

Thanks for this explanation and this should be on frontpage.

sainty2k3:
wait, lemme google the meaning of piggy bag . is some stuffs about pig....just thinking

in fela's voice we dey call am kolo for ajegunle english.
piggy back is the same as ''kolo'' a small box with a tiny hole where u fold money in

Piggy bank can be in different shapes and forms. Can be make with different materials. Call kolo in yoruba language.

1) clay mould

2) tin and paper

3) wood

Thumbs up O.P

h

Noted!!!

Kids like airforce1 and haywire07 will understand better.