Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,150,573 members, 7,809,091 topics. Date: Thursday, 25 April 2024 at 10:50 PM

Nigerian Mum Pays N1.58k School Fees She Owed In 1969, Principal Writes Letter - Education (3) - Nairaland

Nairaland Forum / Nairaland / General / Education / Nigerian Mum Pays N1.58k School Fees She Owed In 1969, Principal Writes Letter (51952 Views)

1969 Moon Landing, Fact Or Hoax(Pictures and Video Attached) / Boy Writes Letter To His Teacher Stating Reasons For Not Doing His Homewor / Solomon Yusuf, Kidnapped UNIMAID Lecturer Writes Letter To Wife, Begs Buhari (2) (3) (4)

(1) (2) (3) (4) (5) (6) (Reply) (Go Down)

Re: Nigerian Mum Pays N1.58k School Fees She Owed In 1969, Principal Writes Letter by Kakamorufu(m): 11:46am On Jun 02, 2021
Hope they calculated inflation into it.

Or else the woman just scammed the school

1 Like

Re: Nigerian Mum Pays N1.58k School Fees She Owed In 1969, Principal Writes Letter by Chuzoetoh(m): 11:46am On Jun 02, 2021
heykims:
Mama scam school dey claim uprightness.
I swear to God, even my new born baby can pay that amount
Re: Nigerian Mum Pays N1.58k School Fees She Owed In 1969, Principal Writes Letter by jditimiya(m): 11:46am On Jun 02, 2021
y question how will they convert it to 2020 amount? And how much will that sum up to in the year 2020.
Re: Nigerian Mum Pays N1.58k School Fees She Owed In 1969, Principal Writes Letter by spencekat(m): 11:47am On Jun 02, 2021
djsjxjfjdisjdjb:
very wicked woman. she could pay the money's worth in 2021. calculate for that freaking inflation.
Exactly!
Re: Nigerian Mum Pays N1.58k School Fees She Owed In 1969, Principal Writes Letter by Nobody: 11:47am On Jun 02, 2021
A truthful mum, but looks like cruise..
Re: Nigerian Mum Pays N1.58k School Fees She Owed In 1969, Principal Writes Letter by stupidmod3: 11:47am On Jun 02, 2021
a good name better than riches, see their mouth.
if she was owing 1million naira would she had paid it.

rubbish

2 Likes

Re: Nigerian Mum Pays N1.58k School Fees She Owed In 1969, Principal Writes Letter by West2019(m): 11:48am On Jun 02, 2021
She most be a Lord choresn woman
Re: Nigerian Mum Pays N1.58k School Fees She Owed In 1969, Principal Writes Letter by Nodogragra4me(m): 11:48am On Jun 02, 2021
IbnBattuta1960:
What's the value of that debt today?
She really no get shame to come out in the public after she don useless the money for the school.


She ought to have revalued that money to date.
How come she never told her children all these y e ads for them to clear off the debt.... Clout things
Re: Nigerian Mum Pays N1.58k School Fees She Owed In 1969, Principal Writes Letter by SapphireBlue: 11:48am On Jun 02, 2021
IbnBattuta1960:
What's the value of that debt today?
She really no get shame to come out in the public after she don useless the money for the school.
Re: Nigerian Mum Pays N1.58k School Fees She Owed In 1969, Principal Writes Letter by NaijaOlosho(f): 11:49am On Jun 02, 2021
The EFCC needs to arrest and investigate her immediately for fraud undecided
Re: Nigerian Mum Pays N1.58k School Fees She Owed In 1969, Principal Writes Letter by Chuzoetoh(m): 11:49am On Jun 02, 2021
Bigredmachine:


Are u high
lolsss that nigga is high I swear, which one is 1.5million kobo
Re: Nigerian Mum Pays N1.58k School Fees She Owed In 1969, Principal Writes Letter by sojfarm: 11:49am On Jun 02, 2021
Lesson of honesty in deed.

I thought i was 158k or 1.58m. So mummy held to the money unti it became useless to anybody. Since 1968.

Does that mean she was unable to 2naira since that time. We should be talking about her giving back to the society now, not showing integrity for owing less than N2.00k for 52 years. Haba!!!!
Re: Nigerian Mum Pays N1.58k School Fees She Owed In 1969, Principal Writes Letter by NaijaOlosho(f): 11:49am On Jun 02, 2021
The EFCC needs to arrest and investigate her immediately for fraud undecided undecided
Re: Nigerian Mum Pays N1.58k School Fees She Owed In 1969, Principal Writes Letter by Lovelyn451(f): 11:49am On Jun 02, 2021
This woman na natural debtor, borrow her money at your own risk, na u get the money but you go dey beg her to give you, even if she has it she'll keep postponing you until you finally dash her the money...lol

1 Like

Re: Nigerian Mum Pays N1.58k School Fees She Owed In 1969, Principal Writes Letter by phorget(m): 11:51am On Jun 02, 2021
What a fuckery!
What kind of nonsense was that?
Her action won't impress me until she pay about 10million Naira back into the school"s account unless she want to tell me that the value of #1.58k is still the same in this buhari era.
Re: Nigerian Mum Pays N1.58k School Fees She Owed In 1969, Principal Writes Letter by Wakanakarue: 11:51am On Jun 02, 2021
If we tell them a today's value them go sell land for ijebuode to pay up grin

Werey dey disguise, uprightness bite you there
Re: Nigerian Mum Pays N1.58k School Fees She Owed In 1969, Principal Writes Letter by obailala(m): 11:51am On Jun 02, 2021
Voy:
- A Nigerian mother, Grace Egbinola, paid the school fees she was owing in 1969 which was the sum of N1 and 58 kobo
- Sharing the letter with Legit.ng, her daughter, Toyin Egbinola, said that her mother taught them the value of honesty
- The woman kept the receipt of her debt for decades before she finally paid it off in 2020


A Nigerian woman, Grace Egbinola, has demonstrated a great virtue as she fulfilled a promise she made many decades ago. In a message sent to Legit.ng by Grace's daughter, Toyin Egbinola, it was revealed that the 73-year-old woman finished from St Loius Secondary school on December 9, 1969. Ever since she got the receipt of her debt in 1975, the woman held onto it with the strong vow that she would repay it someday.

On Monday, December 14, 2020, the woman paid the debt which was the sum of N1.58k. The woman’s child said she is proud that her mum never cheated the system.

A good name is better than gold
Though the woman is not rich, the child stated that she taught her children the value of honesty.


A part of Grace's principal's letter to her reads:

“You are truly a Saint Louis trained person to be keeping a paper that was issued since 1975 and sent your son up to clear a debt that is as little as N1.58k in the year 2020 gives me hope that there are good people in this country who have not become rotting with greed.”

Toyin also said that her mum would really love it if she could reconnect with some of her old secondary school classmates.


Source: https://www.legit.ng/1417921-nigerian-woman-finally-pays-school-fees-around-n2-she-owned-1969-principal-writes-her-letter-from-kano.html
Waiting for a whooping 51 years before paying up a debt you owe, without even adding any interest or considering the time value of money?...

Omo this kain honesty get as e be abeg. cheesy grin
Re: Nigerian Mum Pays N1.58k School Fees She Owed In 1969, Principal Writes Letter by IamGreen1(f): 11:51am On Jun 02, 2021
heykims:
Mama scam school dey claim uprightness.

grin I tire o

1 Like

Re: Nigerian Mum Pays N1.58k School Fees She Owed In 1969, Principal Writes Letter by Saao(m): 11:52am On Jun 02, 2021
Kriss216:
1.58 Million Naira or 1.58 Million Kobo?



Lol
that's the current value. She ought to have paid 1.58m instead of 1.58k
Re: Nigerian Mum Pays N1.58k School Fees She Owed In 1969, Principal Writes Letter by gbolswag(m): 11:52am On Jun 02, 2021
Makes no sense

1 Like

Re: Nigerian Mum Pays N1.58k School Fees She Owed In 1969, Principal Writes Letter by Godbless3(m): 11:53am On Jun 02, 2021
If she owe N1.58K in 1974 and repay the dept in 2021 and to claim about honesty, good value and not cheated the school, then the money should have been converted to what is worth (equivilent in todays currency).
Re: Nigerian Mum Pays N1.58k School Fees She Owed In 1969, Principal Writes Letter by HomoDroid(m): 11:53am On Jun 02, 2021
This example demonstrates why The Bible says our best righteousness is like filthy rags before God.
For Mama to have really fulfilled the law of restitution in kind, she ought to have calculated that money with average savings interest rate and adjusted for inflation by matching the dollar equivalent . Another way to make attempt to pay the rightful equivalent is to consider the equivalent fee being paid at present by Students in that class and then top it up with a sum that serves as compensation for denying them the use of that fund for so lengthy a period.

There is no way she can claim righteousness because she didn't repay at the earliest opportunity. Certainly, she's come in possession of that amount more than a million times over since 1975 when she became aware.

To my mind, the best would have been to quietly institute a project to help the school, rather than attempting to claim righteousness that has departed long ago!
Re: Nigerian Mum Pays N1.58k School Fees She Owed In 1969, Principal Writes Letter by Yankee101: 11:55am On Jun 02, 2021
Nice

Nicer if you:

Pay the present value
Make a contribution
Re: Nigerian Mum Pays N1.58k School Fees She Owed In 1969, Principal Writes Letter by Kennedy00007: 11:56am On Jun 02, 2021
Who go gree burrow me make I pay back in next decade �

1 Like

Re: Nigerian Mum Pays N1.58k School Fees She Owed In 1969, Principal Writes Letter by Anaerobi(m): 11:57am On Jun 02, 2021
My secondary school, I promise to pay you one day
Re: Nigerian Mum Pays N1.58k School Fees She Owed In 1969, Principal Writes Letter by sulorog(m): 11:57am On Jun 02, 2021
She is still own the school money, she should pay the balance money of today inflation.
Re: Nigerian Mum Pays N1.58k School Fees She Owed In 1969, Principal Writes Letter by olayemioshiyemi: 11:58am On Jun 02, 2021
I wonder why some people are crying more than the bereaved. The school has acknowledged her honesty and congratulated her so what else? Or are you telling me the school isn't aware of the value of the money
Re: Nigerian Mum Pays N1.58k School Fees She Owed In 1969, Principal Writes Letter by Minesbetter(m): 11:58am On Jun 02, 2021
Nigeria is long gone cry
Re: Nigerian Mum Pays N1.58k School Fees She Owed In 1969, Principal Writes Letter by yusluvad(m): 11:58am On Jun 02, 2021
Mama don comot gbese for her neck...
Re: Nigerian Mum Pays N1.58k School Fees She Owed In 1969, Principal Writes Letter by elfico(m): 11:58am On Jun 02, 2021
Even if the mama did not or cannot factor inflation, should her children not have told her or helped her factored it in. Even the receipt cannot longer be printed for the N1.58k
Re: Nigerian Mum Pays N1.58k School Fees She Owed In 1969, Principal Writes Letter by mukthar2000(m): 11:59am On Jun 02, 2021
Can someone help me to converte #1.58kobo to no how much presently pls, or the grandma would search for the same #1.58kobo from Almajiri to pay the school, someone should enlighten me pls
Re: Nigerian Mum Pays N1.58k School Fees She Owed In 1969, Principal Writes Letter by solonubinho(m): 12:00pm On Jun 02, 2021
She has not completed the payment. Technically speaking, she failed to consider the effect of inflation for all those years, thereby repaying the sum at a value less than the initial debt in 1969. Mummy, could you please pay up the complete debt, thank you ma.

(1) (2) (3) (4) (5) (6) (Reply)

Unilag Pg 2019 Thread / University Of Abuja Suspends The 24 Students Arrested During Cult Initiation / Picture Of Professor Cyril Ndifon (UNICAL) By Stella Dimokokorkus

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 27
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.