The Lord will rule as king for ever!

Mama has scammed the school for ever!

She no do clearance? How get certificate.

Mummy Ramoni

If mama wanna b fair, she owes the school about 2000 naira. I will explain.
In 1968, 1$ was about 0.355 naira, today, a USD is about 410 naira. If you do the maths, it means mama owes about 1825 naira.

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

blizard44:
Was inflation factored in?

If you didn't adjust the value to inflation, you're not as honest as you think ma.

You don yeye the money for them.

She didn't reason it that way but she will get the message already....

Apologies but she is still owing. 1.58k then is different now. I'm sure she's owing over a million naira now if you apply the time value of money.

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

Honesty my foot.
The daughter too sounds uneducated because N1 of 1969 will be equivalent to about N100,000 today.
So if she wanted to be honest,what she should have paid is about N167,000

the equivalent of that money now, will be like what self?

Wickedness in the highest order, if the school had kept the money in the bank since then, would bank pay them that same amount in 2021.

Na Yoruba woman, honestly is in our DNA, unlike those …………

stupidmod3:
the equivalent of that money now, will be like what self?

like two point eight billion naira

IYANGBALI:
like two point eight billion naira

lol seriously

useless old witch . couldn't even make it 2 naira self . chai some people can be wicked sha .

Theboy21:
Nice one mummy, unlike our debtors today that keep changing contacts, road when they see you, but will cry like a crocodile while begging

She actually cheated d school. She should have d value of that money as it is today.

The value of the money is none of her business.
She is not the one that reduced the value of the money. She has paid what she owed, and the school has accepted the payment. End of story. Don't be pained.

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.

Haahah, very interesting to see this honest woman no matter how small the currency is right now but she was till able to pay back

Lol so many dunce here on Nairaland
Mama owed 1naira 58 kobo
There’s no way she would pay that same worth in 2020 or 2021 coz even 5naira is useless and of no value
So she probably paid the N1.58k worth of today’s value

"Sharing the letter with Legit.ng, her daughter, Toyin Egbinola, said that her mother taught them the value of honesty"

Some people are just looking of undue attention. This is a very shameful act. How can u be owing someone N2 since 1969 and u call it honesty?

not nice of here, she should have added interest to the paymet. if you had borrowed someone same amout of money is 1975, will you collect same amount as pay back today?

Deborah98:
That's nice of her...

This is the reason why proprietors and proprietresses chase your wards out of school for owing school fees. They don't want ungrateful stories like this

it should be around 15,800 in today's value. so hope she did her calculation well.

She should pay the current value of the school fees at least.

You waited for the value to depreciate before paying up. What do u expect the principal to do with N1.5k.
For crying out loud, how did u even paid that money cos you can't even get coins these days or you gave her N10 and collect your change or collected sweet with the change.
Pls don't come and be claiming upright here, u ended up scamming the Principal. Period.

All the speech on top 1 naira debt. Years of interest and inflation should have been calculated and added to it. What is the value of paying 1naira now please?

MajesticKris:
Me that is about going back to collect my school fees

She and her children should cover their faces in shame. What kind of embarrassment is this? Is she saying that she couldn't afford to raise that money for that long? If everybody in her set then had owed the school and refused to pay, would the school have survived?
Come to think of it, what we expect her to do is to find out the equivalence of it, if it was school fees for a term then, she should pay what the current school fees is now, and pay with interest and apologies.

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.

Lol,
N1.58k could also be 1,580,000

This is a slap on the face of the school, and that the school accepted it and also wrote an acknowledgement or appreciation letter showed that the school has no glory not to say lost its glory. What an insult? The woman deliberately insult our system but whose fault? All the shame goes to CBN for her falure to maintain our currency value.

Nice one ma. However the present value of 1.58k giving the inflation rates, from 1969 to 2021 is ridiculously high.

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

Mey una no vex oo,but Nigeria don dey use Naira in 1969??

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

Deeper Life sister you're blessed! Owe no man anything except love according to Bible.