NickUwaifo:
Please I really need professional advice on this matter. My sisters husband borrowed N1m from my dad for a so called business that has failed. First of all we didn't know he had already made my sister borrow 500k from her office union stuff because he told her not to tell us and he will pay.

I think when matters got bad for him in the business he decided to meet my dad and borrowed another N1m from him begging him not to tell his wife (my sister about it).

It is over a year now and he has refused to return the money to my dad who is an old man on pension and when he had no choice but to tell my sister, she became really upset because she is also in dept because of him. He kept saying that he has a trailer he imported and was looking for a buyer so that he can pay back the money but my sister has now confirmed that he doesn't have anything like that.

Please help with your advice on how my dad can recover his money back.

NickUwaifo:
Please I really need professional advice on this matter. My sisters husband borrowed N1m from my dad for a so called business that has failed. First of all we didn't know he had already made my sister borrow 500k from her office union stuff because he told her not to tell us and he will pay.

I think when matters got bad for him in the business he decided to meet my dad and borrowed another N1m from him begging him not to tell his wife (my sister about it).

It is over a year now and he has refused to return the money to my dad who is an old man on pension and when he had no choice but to tell my sister, she became really upset because she is also in dept because of him. He kept saying that he has a trailer he imported and was looking for a buyer so that he can pay back the money but my sister has now confirmed that he doesn't have anything like that.

Please help with your advice on how my dad can recover his money back.

Winneygirl:
I suspect that the husband is not working. As in, he doesn't have a steady stream of income. Does he?

sisisioge:


Well, see this as the eye opener for future occurrences... This particular debt is a bad debt. Don't expect to get it back.


Whew! What an in-law!

zheroes:
what if he fell into the hands of scammers or its a genuinely failed business, whether they prostrate from now till december 25th the money will not come out, before expecting a commitment from anyone you need to know what their income is like, from what I see that guy doesn't really have a business but felt he could take a risk with their money, it went bad and its gone, the best they can do is there will be no second chance. They don't need any drama!!!!

OlajumokeBread:

In your dreams

Where do you expect him to get that money from ?? Rob a bank and get a whopping a 1 million naira ??

Wake up from your dreams, you're not getting that money back
This is not money borrowed to a bachelor, this is money borrowed to a family man who have a huge responsibilities on his shoulders


When my relatives comes to me with that "Can you borrow me 100k" i just give it to them without expecting them to pay me back

There's a difference between being owned by an outsider than being owned by your relatives, you can't punch your relatives in the throat for owing you but you can strangle an outsider for owing you

Say bye bye to your money

makelove2m:
The issue here is tricky, if not handled carefully, marriage will be in danger................. so call the man in question, have one on one chat to ascertain the true position, if it holds truth that he may have bought something that he is yet to dispose, then, help him sale that, if not seek further to know if there are other things in his disposal that can be sold to get that money back, ............trade with caution to ensure you don't put your sister marriage in a bind....................... dialogue is better.............. Make it sign document that he borrow money from your father first......if you lack trust with him

makelove2m:
The issue here is tricky, if not handled carefully, marriage will be in danger................. so call the man in question, have one on one chat to ascertain the true position, if it holds truth that he may have bought something that he is yet to dispose, then, help him sale that, if not seek further to know if there are other things in his disposal that can be sold to get that money back, ............trade with caution to ensure you don't put your sister marriage in a bind....................... dialogue is better.............. Make it sign document that he borrow money from your father first......if you lack trust with him

NickUwaifo:
Please I really need professional advice on this matter. My sisters husband borrowed N1m from my dad for a so called business that has failed. First of all we didn't know he had already made my sister borrow 500k from her office union stuff because he told her not to tell us and he will pay.

I think when matters got bad for him in the business he decided to meet my dad and borrowed another N1m from him begging him not to tell his wife (my sister about it).

It is over a year now and he has refused to return the money to my dad who is an old man on pension and when he had no choice but to tell my sister, she became really upset because she is also in dept because of him. He kept saying that he has a trailer he imported and was looking for a buyer so that he can pay back the money but my sister has now confirmed that he doesn't have anything like that.

Please help with your advice on how my dad can recover his money back.

Barigaboy:

Family transactions usually fail. U guys can get d money back if u can write a script and act it. The script will be writing and acted by u, your father, sister n any other person that knows about the money. Just tell him u guys borrowed the money from bank n u use your house as a collateral n the bank r already calling and treating u about collecting d land house or land if its to take u to postrate for him n u guys would also act as if u r angry with your sister. In such a way that u will let her no at last that if they can't get d money they would both be arrested. So simple

2sexynet:
not working isn't the problem here. Business is job, a work, a well demanding one that what most people think or what you would term "regular job". Most business owners are work more than a regular job owner.

The problem with the husband is that he failed because

1. someone is doing it and making money.

2. It "looks" profitable

3. He has no passion for the business but money.

4. He invested huge chunk of the money without prior knowledge.

5. He didn't do much feasibility studies

6. His approach is very faulty.

RadicallyBlunt:
You're in best position to take action. Your sister's hands are tied Bcus she will be seen as rude by her hubby and his family if she acts. So call for a meeting with a reasonable member(s) of ur in laws family. Report d case to them and tell ur sister to keep shut about d matter. Even if her hubby accuses her of telling his family, let her not utter a word. Her silence would mean disapproval of his actions.

There's almost no way you won't have enemity in this case Bcus in laws hardly understand the truth. But d reasonable ones shd make him be ashamed of borrowing from a pensioner. After his family is aware, ur sister shd prepare for some frictions from him in d home (aggression transfer). During ur negotiation u'll give them a time range and threaten to involve d police, theyll beg for some more time and u shd give them so that by the time u take action it won't look as if u didn't even consider them as a family.

Or better still. Involve a man in ur family like a snr brother if u have Bcus they may disregard u a woman facing them on a matter like this. Before u take action, hear from ur dad and ensure he's aware of what u are about to do. Else he may say who asked you to fight for me... Did I complain to you? You know elderly fathers the way they are

So God help you. Good luck!

EfemenaXY:
Oh, wow!

Words fail me. @ op, I think getting the money back depends on the man's personality.

If he's a decent person with a conscience and a self respecting man who's genuinely hit hard times, he will pay off his debts albeit slowly.

Your retired dad must have (in his wisdom) seen something in your brother in law in the first place to loan him so much despite the recession.

What I don't like though is the secrecy. That sounds off alarm bells that he may be dodgy.

Cc: Ifyalways, Onegai, Sambarry.

BIGGMAMA:


Cococandy

magicminister:
The moment you start messing with my money and my trust, that is when you stop being my friend, in-law or whatever.
Its obvious that he lied to your sister and your dad.
He did not use that money for any business. You guys were scammed!
Point Blank!
Call a meeting with his family and if he fails to provide the money, please involve the police!
Your sister might end up losing her job, your dad has already lost a good junk of his pension!!
There is no two ways about it; this guy will be a disgrace and a liability to your family.


This is what happens when women are too desperate to settle down and end up settling with idiots!

cococandy:
Hi

BIGGMAMA:



I would love to read your input Nne because you are very intelligent.

cococandy:


Aww thanks.

I have nothing to say actually. Short of making him work off the money in some way, I don't see how else he can recover it without things getting ugly. I've seen such bad debt before and I know only iron fist make serial debtors pay back. That could ruin their relationship.

Raina80:
If he has borrowed money from your family its likely he also owes money to other people.
1) Your sister is also the problem she knew but chose not to discourage him from asking for money from your father the moment dishonesty exists amongst families exists it affects how we interact with each other. When you say he is refusing to pay is it a case of can't pay or won't pay?
2) Youd father has to talk to him face to face if not seek mediation from his family. Your sibling is indebt because of him and what happens if she lost her job?

NickUwaifo:
Please I really need professional advice on this matter. My sisters husband borrowed N1m from my dad for a so called business that has failed. First of all we didn't know he had already made my sister borrow 500k from her office union stuff because he told her not to tell us and he will pay.

I think when matters got bad for him in the business he decided to meet my dad and borrowed another N1m from him begging him not to tell his wife (my sister about it).

It is over a year now and he has refused to return the money to my dad who is an old man on pension and when he had no choice but to tell my sister, she became really upset because she is also in dept because of him. He kept saying that he has a trailer he imported and was looking for a buyer so that he can pay back the money but my sister has now confirmed that he doesn't have anything like that.

Please help with your advice on how my dad can recover his money back.

delishpot:


Guy, the man Don chop the money. He has played his wife's family and chopped it. Even if them borrow that money from Hitler himself, they would just have to endure turture and pray he let's them go to slave camp in one piece. That man no get shishi. Unless the wife can smell ground and find out what or where he used the money. If he built a secret home then they can sieze it but I suspect that man has used the money to marry another WIFE. Op make sure you give me feedback on that suspicion Make una smell ground well.