Man Who Served His Oga For Seven Years Settled With Only ₦500,000 - Business - Nairaland
Nairaland Forum › Nairaland General › Business › Man Who Served His Oga For Seven Years Settled With Only ₦500,000 (38808 Views)
| Man Who Served His Oga For Seven Years Settled With Only ₦500,000 by TimeManager(op): 8:39pm On Mar 08, 2025 |
A Nigerian man said when he completed his apprenticeship in 2021, he was given only N500,000 by his Oga.https://www.legit.ng/people/1644085-man-served-oga-years-settled-n500k-dad-falls-sick-hearing-it/ 24 Likes 5 Shares
|
| Re: Man Who Served His Oga For Seven Years Settled With Only ₦500,000 by TimeManager(op): 8:41pm On Mar 08, 2025 |
You can't convince me otherwise, I will still stand on my point that this apprenticeship is slavery. If you check am well, he fit dey do one kind corner-corner doings to help himself. "Making it this big" sounds like a pressure on him with the burden of a dad lying down with stroke partly as a result of how his son's boss treated his son. He has to be responsible for his dad's treatment and also start a business with a meagre 500k. A lot of these boys are into Yahoo, powder business, & other stuff. -Kiss the truth! 141 Likes 18 Shares |
| Re: Man Who Served His Oga For Seven Years Settled With Only ₦500,000 by givedemwotowoto: 8:49pm On Mar 08, 2025*. Modified: 10:25pm On Mar 08, 2025 |
I would say the safest way of settling an apprentice is to be putting a portion of your profits in a separate account for the entire period of the apprenticeship, so that whether your business faces challenges or not, the settlement money is secure. Some people don’t understand this savings/financial system, and when it’s time to settle their apprentices, if their business is facing challenges at the time, they start telling stories. Igbos have a reputation of being very successful with this apprenticeship style of business. People who want to use this type of settlement should understand how it’s done. It’s a similar principle to the retirement savings plans done in the US, UK and elsewhere 90 Likes 7 Shares |
| Re: Man Who Served His Oga For Seven Years Settled With Only ₦500,000 by MrBadNews: 8:50pm On Mar 08, 2025 |
Settlement of big money isn't the yard stick of success in a business, some ogas will settle with big money but wouldn't show you the real deal where they make most of their money from that same business, after running down your business after two years you start saying your oga cursed money and settled you. On the other side, and oga will settle you with lesser amount of money but will seat you down and hunt you on everything you need to be successful on a particular business. 63 Likes |
| Re: Man Who Served His Oga For Seven Years Settled With Only ₦500,000 by mrvitalis(m): 8:57pm On Mar 08, 2025 |
500k is small but the way igbo apprenticeship works... If you re good you don't even need money to stock your shop .... Just open it Some boss hit hard times and can't settle so they rent shop for their boys and guarantee for the shop to be supplied by suppliers But there should be a standard minimum to settle a boy... Anyone who fails should be banned from taking up another boy 120 Likes 7 Shares |
| Re: Man Who Served His Oga For Seven Years Settled With Only ₦500,000 by Sonnobax15(m): 9:00pm On Mar 08, 2025 |
 That's life for you.... Now the funniest part may be surprising to find out that he may even be living well than his so-called oga,both business-wise and in all sundry .... But all I can see here is determination,focus and a No-giving-up kind of Spirit he possessed on his own part, and it finally paved way for his success.. 12 Likes 2 Shares |
| Re: Man Who Served His Oga For Seven Years Settled With Only ₦500,000 by Zionmdde: 9:02pm On Mar 08, 2025 |
TimeManager:Sharrap there The money is just a little percentage of the reward Other packages include: knowledge, business intelligence, connections etc. All these can turn a thousand to millions See how far that guy has gone with the 500k. He is now worth millions You can focus on your agbero job, you shouldn't have an opinion on something you know absolutely nothing about 136 Likes 10 Shares |
| Re: Man Who Served His Oga For Seven Years Settled With Only ₦500,000 by givedemwotowoto: 9:03pm On Mar 08, 2025 |
mrvitalis:It’s usually safer to put the money away bit by bit in a separate account for the number of years the apprenticeship will last 3 Likes |
| Re: Man Who Served His Oga For Seven Years Settled With Only ₦500,000 by MadamExcellency: 9:03pm On Mar 08, 2025*. Modified: 9:33pm On Mar 08, 2025 |
The real deal in the settlement is not all about the money but rather the experience, knowledge, endurance, contacts and connections established during the training. You can always come back a few years to settle your boss after doing business with his contacts and connections. 25 Likes 5 Shares |
| Re: Man Who Served His Oga For Seven Years Settled With Only ₦500,000 by givedemwotowoto: 9:06pm On Mar 08, 2025 |
If we had responsible governments, a type of apprenticeship settlement system would’ve been opened in Nigeria, similar to the way developed countries have retirement accounts for workers, since it’s a common way of business in parts of Nigeria. Once you hire an apprentice, you both formalize an apprenticeship agreement, and an account is opened for that purpose. 4 Likes |
| Re: Man Who Served His Oga For Seven Years Settled With Only ₦500,000 by Ddeliverer007(m): 9:06pm On Mar 08, 2025 |
Cosmas maduka was settled with 200naira today he is a billionaire. Money plays less that 20% of your success in business.. why would your father develop stroke? Has he not lived his life? Why will your settlement capital make him sick? I don’t understand it.. 30 Likes 2 Shares |
| Re: Man Who Served His Oga For Seven Years Settled With Only ₦500,000 by MadamExcellency: 9:15pm On Mar 08, 2025 |
Ddeliverer007:One Oyo State Muslim lady, Aderonke was posted to my establishment for her youth service in 2022 and I sent her to learn how to do business in our warehouse and she was happy after the end of her service for what she learned. Fast forward to 2025, she is doing business in a large way different from her course of study. It's all about the knowledge, experience, contacts and connections. 31 Likes 3 Shares |
| Re: Man Who Served His Oga For Seven Years Settled With Only ₦500,000 by mightyhaze: 9:26pm On Mar 08, 2025 |
One thing about this igbaboy that most people who are not into it do not understand is that igbaboy is like a spiritual and mental fortification process .. the money is more or less a capping.. Ordinary young school leavers that their parents beg and bring to my place just to keep them busy for some months while awaiting admission or youth service find themselves good footings in life ..some no even dey find job again sef after their service... How much more nwaboy that has undergone serious grilling and grounding in the biz. Somebody u have exposed to your customers,contacts and your suppliers.. A true trader..even if u take everything away but just leave his health and vigour intact will bounce back in a year... How much more a fresh young kid brimming with hunger ,ideas and zeal.. Thanks for proving this with this story u brought here 30 Likes 3 Shares |
| Re: Man Who Served His Oga For Seven Years Settled With Only ₦500,000 by id4sho(m): 9:34pm On Mar 08, 2025 |
Many get nothing or accused of theft and humiliated then sacked 🤷 7 Likes 1 Share |
| Re: Man Who Served His Oga For Seven Years Settled With Only ₦500,000 by id4sho(m): 9:34pm On Mar 08, 2025*. Modified: 7:51am On Mar 09, 2025 |
One man business is a risky work. It comes with lots of abuse, the boys are panel beaten which calls for concern 🤷 |
| Re: Man Who Served His Oga For Seven Years Settled With Only ₦500,000 by kettykings: 9:39pm On Mar 08, 2025*. Modified: 10:00pm On Mar 08, 2025 |
The N500k is not the big deal. The real treasure lies in the business acumen an apprentice gains during their training. That knowledge is priceless in some industries, like the high-demand spare parts trade. It holds the potential to generate billions. And as for the marketing and salesmanship expertise an apprentice acquires? That’s a conversation for another day. If you want to understand how the Igbos bounced back so rapidly from the devastation of the Nigerian Civil War, look no further than the Igbo Apprenticeship System (IAS). It was the foundation of their economic resurgence. This system must not only be preserved but also refined and expanded beyond trade into blue-collar, white-collar, and even tech-driven industries. In the industry where I operate, it is called mentorship or protegeship. Every expert in ever field must pour out his industry secrets to his igbo apprenticeship, which og the secrets are to dicey , must be his children. In fact, imagine the transformative power of making it mandatory for every young Igbo male or female to undergo a structured apprenticeship—lasting six months to a year—before stepping into the university. The ripple effects and economic footprint it will have on economic empowerment, skill development, and generational wealth creation can only be imagined 21 Likes 1 Share |
| Re: Man Who Served His Oga For Seven Years Settled With Only ₦500,000 by owobokiri(m): 9:39pm On Mar 08, 2025*. Modified: 10:00pm On Mar 08, 2025 |
TimeManager:Maybe his oga has been suspecting him of keeping something somewhere. The story is not always smooth. It is the same in every area of life. Maybe Oga had a business hiccup recently.. Or maybe he is just evil.. That is not enough excuse for you to categorise a business practice that has made thousands of millionaires as "slavery".. Looks like after cornering everything, agbadorians are now going to fight with the igbo man in the markets 9 Likes 1 Share |
| Re: Man Who Served His Oga For Seven Years Settled With Only ₦500,000 by nedu666: 9:54pm On Mar 08, 2025 |
When I said yorubas are obsessed with lgbos, they will deny it. Tell me if not for joblessness and lgbo obsession, why will you spend time searching to bring this news to us. Yoruba men are like sad monitoring spirits 17 Likes |
| Re: Man Who Served His Oga For Seven Years Settled With Only ₦500,000 by Melagros(m): 9:54pm On Mar 08, 2025 |
COMRADES, in 2021 Nigerian currency has value that's why he made it; if it were now under the incompetent Tinubu he was given the said amount, he would know what's up because the Naira as of today is as worthless as toilet paper What a shame 7 Likes 1 Share |
| Re: Man Who Served His Oga For Seven Years Settled With Only ₦500,000 by AntiWailer: 9:55pm On Mar 08, 2025 |
How will the news make your father have stroke. |
| Re: Man Who Served His Oga For Seven Years Settled With Only ₦500,000 by brownbib(m): 9:55pm On Mar 08, 2025 |
Shit happens |
| Re: Man Who Served His Oga For Seven Years Settled With Only ₦500,000 by tunary(m): 9:56pm On Mar 08, 2025 |
Wickedness |
| Re: Man Who Served His Oga For Seven Years Settled With Only ₦500,000 by masterfactor(m): 9:56pm On Mar 08, 2025 |
Snsh 1 Like |
| Re: Man Who Served His Oga For Seven Years Settled With Only ₦500,000 by owiko(m): 9:56pm On Mar 08, 2025 |
Oga from Hell. He for at least fear God 1 Like |
| Re: Man Who Served His Oga For Seven Years Settled With Only ₦500,000 by ImoleNaija: 9:58pm On Mar 08, 2025 |
You sure say na the #500k turned this big? I no wan hear otherwise o. 3 Likes |
| Re: Man Who Served His Oga For Seven Years Settled With Only ₦500,000 by masterfactor(m): 9:58pm On Mar 08, 2025 |
owiko:Watch how some people from the east will come and defend this. This nwa boy system of apprenticeship needs to scrapped. It doesn't serve any purpose in this modern era, it just slavery. 1 Like |
| Re: Man Who Served His Oga For Seven Years Settled With Only ₦500,000 by Hemanwel(m): 9:58pm On Mar 08, 2025 |
Noooo! This is pure cheating! The relevant authority should intervene for the boy. N500k after 7 years! N500k in this economy! How much be shop? Modified: I read only the topic before commenting. After reading through, I realized it didn't happen recently. If it was four years ago, not a bad one though! 2 Likes |
| Re: Man Who Served His Oga For Seven Years Settled With Only ₦500,000 by cybriz82(m): 9:58pm On Mar 08, 2025 |
Who God dn bless no man can’t curse… |
| Re: Man Who Served His Oga For Seven Years Settled With Only ₦500,000 by Beiii: 9:59pm On Mar 08, 2025 |
Mmm |
| Re: Man Who Served His Oga For Seven Years Settled With Only ₦500,000 by simpleseyi: 9:59pm On Mar 08, 2025 |
Werey servant |
| Re: Man Who Served His Oga For Seven Years Settled With Only ₦500,000 by Heffalump(m): 10:01pm On Mar 08, 2025 |
Why? Was he caught stealing from the oga? |
My Experience After Serving My Oga For 7years Including My Gain And Loss • Mr BEN (the Man Who Defrauded Me In Alaba) And I Have Settled Issue Amicably. • From August 1, Your Loan Defaults Will Be Settled With Funds In Other Banks • 2 • 3 • 4
Terry Waya At Abu Dhabi Grand Prix (Pictures & Video) • Femi Otedola Rents Yatch To Celebrate His Birthday With His Family (Pictures) • #Xenophobia; Tight Security At Shoprite Lekki As Shop Owners Count Loses