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Your Family Used To Be Rich Now They’re Poor How? - Family (4) - Nairaland

Nairaland ForumNairaland GeneralFamilyYour Family Used To Be Rich Now They’re Poor How? (16871 Views)

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Re: Your Family Used To Be Rich Now They’re Poor How? by plessis: 6:52pm On Jan 13, 2025
Religion. Popsy was brainwashed to sell his assets and donated it all to a church.
Re: Your Family Used To Be Rich Now They’re Poor How? by lagonovo: 6:58pm On Jan 13, 2025
Ok, appreciate your maturity with the conversation. The end goal is better knowledge through accurate information. Nairaland folks tend to teach even the most civilized some bad habits. My apologies for that jibe which will be deleted.

dettolgel:
Not being able to name common areas does not invalid my position. Your initial line of argument that "just be aware that hearsays could be embellished for good story" prove more effective in driving home your point than the last sentence.
Re: Your Family Used To Be Rich Now They’re Poor How? by meobizy(m): 8:08pm On Jan 13, 2025
The breadwinner died. Nigerian men do not like teaching anyone else the secret to their wealth.
Re: Your Family Used To Be Rich Now They’re Poor How? by CodeTemplarr: 8:42pm On Jan 13, 2025
meobizy:
The breadwinner died. Nigerian men do not like teaching anyone else the secret to their wealth.
yet you hv all these cyber-entreprenuers doing giveaway of how they "hammered" on Nairaland.
Re: Your Family Used To Be Rich Now They’re Poor How? by rezzy: 9:07pm On Jan 13, 2025
We were rich, my dad had 4 cars, we lived alone in our own house, he has other 3 houses in cities and 2 in our home town

Suddenly, the devil remembered him through wicked family members.

He put all his family people as co founder of his business, his mom, uncles, cousins and the rest.

He traveled, and our house got burnt down and he never came back for 3 good years.

That was how we became poor. Till tomorrow, i don't know what happened to his wealth o

We are all grown up and married now.
Re: Your Family Used To Be Rich Now They’re Poor How? by Father4all: 9:19pm On Jan 13, 2025
Tinubu happened to them
Re: Your Family Used To Be Rich Now They’re Poor How? by flemblem(m): 10:03pm On Jan 13, 2025
UpTown001:
Lack of foresight. Thank God for grace.
Until it happens to you! You go drop ENGLISH !

Fear what you don’t know; they say .

Re: Your Family Used To Be Rich Now They’re Poor How? by Zealoy(m): 10:49pm On Jan 13, 2025
Seeing some people living in deplorable conditions or adject poverty scares me alot and it makes me want to do double my hustle, honestly cuz am always scared something might go wrong tomorrow and i might end up finding myself in such a horrible situation
Re: Your Family Used To Be Rich Now They’re Poor How? by olaodun: 2:25am On Jan 14, 2025
polygamy and lack of good succession plan for family businesses , lack of innovation , creativity and foresight as we seen in many companies that went underground due to lack of innovation
Re: Your Family Used To Be Rich Now They’re Poor How? by dettolgel: 7:55am On Jan 14, 2025
lagonovo:
Ok, appreciate your maturity with the conversation. The end goal is better knowledge through accurate information. Nairaland folks tend to teach even the most civilized some bad habits. My apologies for that jibe which will be deleted.
Thanks bro for your understanding.
Re: Your Family Used To Be Rich Now They’re Poor How? by Ibehchizzy: 8:28am On Jan 14, 2025
I used to be a millionaire in eight figures in the Covid era
Life happened
Re: Your Family Used To Be Rich Now They’re Poor How? by tobby20: 11:04am On Jan 14, 2025
rezzy:
We were rich, my dad had 4 cars, we lived alone in our own house, he has other 3 houses in cities and 2 in our home town

Suddenly, the devil remembered him through wicked family members.

He put all his family people as co founder of his business, his mom, uncles, cousins and the rest.

He traveled, and our house got burnt down and he never came back for 3 good years.

That was how we became poor. Till tomorrow, i don't know what happened to his wealth o

We are all grown up and married now.
You dont know how to narrate story
You just painted your dad like a ritualist .
Re: Your Family Used To Be Rich Now They’re Poor How? by femi4: 2:28pm On Jan 14, 2025
DuBLINGreenb:
If your family was well off in the 1980’s, 1990’s, 2000’s and even 2010’s but today your family is struggling,
Please tell us what happened, what changed, where did things go wrong? What can we learn?
APC happened to them
Re: Your Family Used To Be Rich Now They’re Poor How? by rezzy: 5:26pm On Jan 14, 2025
tobby20:
You dont know how to narrate story
You just painted your dad like a ritualist .
😂😂😂😂😂,

I didn't want the story to be long o jare

He isn't o
Re: Your Family Used To Be Rich Now They’re Poor How? by Honeydenz(f): 6:33pm On Jan 14, 2025
HenryWilliams:
From Wealthy to well off.
Family owned fleet of trailers back in the 80s transporting products for Lever Brothers, Flour Mills etc across Nigeria. Very lucrative.
Very prosperous, UK, Jand every summer. Best schools ..the works. The whole wahala started when Pops delved into politics in the Abacha era with DPN contesting. After that fiasco ended, he turned to PDP in Lagos..was considered a moneybag..was drained financially..truck business wasn't booming as before..sold.his trucks to nurse political ambition..all those sleazy people just sucked him dry..
Well know..kids are all grown up ..married and doing good individually and collectively.
Not Wealthy but well off.
Same thing that happened to Abiola
Politics is too risky for any serious minded businessman to dive into.
Re: Your Family Used To Be Rich Now They’re Poor How? by Honeydenz(f): 7:07pm On Jan 14, 2025
Cutezt:
Story of my life.

Was only born when the riches were slowly vanishing.

Granddad was the comptroller of customs in the late 1960s, my parents were living the life, flying planes like going to the market, The former Plateau state governor, Jang was even his right-hand man, tho his junior, but womanizing became his downfall.

In his various trips and transfers, he met new women everywhere, and as a man with bar, e no hard am lay these women. My grandma was the only wife as of then, before you know what happened, he impregnated another woman from my state who was in the customs service too, then he brought her home and married her, making 2 wives. Grandma was still fine with it, but the man went out and impregnated a Yoruba woman who was an air hostess in Lagos. The woman was troublesome and was a jazz woman, so he did not marry her or bring her home, he got another accommodation for her and started a business for her. You'd think he would stop here, but nahh, he got the Yoruba woman pregnant 4 more times, making 5 kids from her, then he impregnated another young woman from my place again, did not bring her home, but had 3 children with her too.

Everything was still fine, he had money to settle all the bills, one day, he was promoted, his colleague was jealous and poisoned his drink, that's how the man died o. the colleague did not last long and confessed on his death bed too.

The good thing was that my grad ma already had 6 kids for him before he started all his womanizing, to date, there are still kids he has outside that we do not know of, we recently learned of one in Abeokuta, man was grown with his youngest daughter over 19 years old.
During that time, my grandma was wise enough to set up herself and build 4 houses and a hotel, this was what sustained her after his death, cos his money soon vanished after everyone took their share, it was messy, and he did not leave any will.

In a bid to harmonize the house, my grandma brought all the wives into the family house, the second wife warned her against it but she refused. The Yoruba woman's children soon grew and became a terror to the house, stealing, and fighting always in the house. I remembered how the second son broke the windshield of my grandma's car on multiple occasions once there was a problem in the house. He pulled down the railings of our staircase and so many other terrible things. By then, all my grandma's male kids had left the house to other parts of the country to hustle, the only one at home who dealt with them later got ill and died sometime around 2006, the other male child is a reverend father, e no like trouble, my dad had since left the house too. las las sha, the money vanished, and everybody faced their hustle.
The whole thing made my grandma always sing it into my ears to never marry 2. grin grin

Till date, the family name still rings a bell in the state and everyone who knew my parents, uncles, and aunties back then always spoke about how they used to ball, they were the trending kids in the state, and the proof was that they too had kids outside that nobody knew, even them sef no know, at least 4 grown up people showed up claiming to be grandchildren of the family. The funny thing is that they all looked like the parents they claimed as theirs, and my uncles never denied having an affair with their mothers but refused to accept the child as the family's.

PS, we are still very much in touch with many wealthy people in the state including the King, and even Jang himself, but since my grandma died, the contact reduced drastically.
Omon see better ajebo in sight
Reason I love nairaland, u get to meet and interact with people from different background, I too wouldn't think twice before I jump at your grand dad's arms, a whole controller general of custom! Which other rank was he promoted to before his jealous colleague poisoned his drink? Tot that was the highest rant in custom? Anyway, have been applying for the lowest rant in customs since I finished school without success, let alone a getting a cadet slot. God will give men Grace and Give them yet another thing that will destroy them, life is a mystery. his third leg was his ruin, such a pity!
Re: Your Family Used To Be Rich Now They’re Poor How? by Cutezt(m): 7:13pm On Jan 14, 2025
Honeydenz:
Omon see better ajebo in sight
Reason I love nairaland, u get to meet and interact with people from different background, I too wouldn't think twice before I jump at your grand dad's arms, a whole controller general of custom! Which other rank was he promoted to before his jealous colleague poisoned his drink? Tot that was the highest rant in custom? Anyway, have been applying for the lowest rant in customs since I finished school without success, let alone a getting a cadet slot. God will give men Grace and Give them yet another thing that will destroy them, life is a mystery. his third leg was his ruin, such a pity!
The comptroller position was where he was promoted to. The colleague was also around the same rank with him before the promotion. If you know Jos, you'll know the Gbong Gwom, he was comptroller too in the late 2000's, he was a far junior to my grand dad that time. He used to frequent our house when he was still a custom officer before he was made king.
Re: Your Family Used To Be Rich Now They’re Poor How? by Cutezt(m): 7:15pm On Jan 14, 2025
DuBLINGreenb:
You guys should do all these 23&me, my ancestry and other dna tests so you can all know yourselves. Some will make false claims and some legitimate ones will not even make claims because they don’t know. So the best thing is to do these at home DNA tests it’s around $70 - $180 per kit.

Thanks for your detailed story, these are part of the reasons I made this topic. The story is intriguing and it is real life people will not believe are happening because it sounds like super story or Fuji house of commotion but it is real and all those fictional movies and tv dramas are inspired by real life. Thanks once again for sharing.
Chairman no need for that o sir, anyone who lays claim to the family name now is wasting his time cos there is nothing to gain from it anymore.
Only good old stories.
Re: Your Family Used To Be Rich Now They’re Poor How? by VTJN(m): 4:28am On Jan 15, 2025
Image123:
We all have our collective part to play in moving us forward.
how? Are we incharge of our commonwealth? Are we incharge of our national budget? Wetin you dey cap?
Re: Your Family Used To Be Rich Now They’re Poor How? by meobizy(m): 12:59am On Jan 17, 2025
CodeTemplarr:
yet you hv all these cyber-entreprenuers doing giveaway of how they "hammered" on Nairaland.
Believe the ekukes here at your own peril.
Re: Your Family Used To Be Rich Now They’re Poor How? by RealityKings1: 1:33am On Jan 17, 2025
Lonestar124:
Someone my father wanted to help and take him to Brazil put cocaine in his bag, he was arrested in Brazil, he sold almost all his properties in Nigeria to bail himself..
That's what your dad told you.
But it could be your dad didn't want to disappoint you guys and made up that excuse.

Men make a lot of sacrifices for their family and when they are discovered, they don't want to be seen as a disappointment
Re: Your Family Used To Be Rich Now They’re Poor How? by CodeTemplarr: 10:17am On Apr 08, 2025
... keeping peoples screwdrivers n tools in shrine but expecting them to keep working is a wise thing to some fools here obbiously. Withholding their salary also or monitoring spirit a decade later. Lo
Re: Your Family Used To Be Rich Now They’re Poor How? by rickleye: 1:10pm On Apr 08, 2025
haybhi1:
Lol... Economy. Poor decisions. Poor investments. Some people's businesses are not sustainable and they didn't evolve.

Someone people made one hit money and couldn't utilize it. Scams/fraud/419 was rife in those days and some people thrived on it. Now people are wiser and hardly fall for the same scam.

And so on.
Exactly if you are rich like Abiola - his mistake was not hiring a management firm to mange the affairs. Leaving just a will and having Kola misappropriate funds was terrible.
Most people in the west with terrible wealth would have lawyers ( executors ) and management firms to manage the estate. But I guess he had faith in Kola.
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