Nigerian Businessman Settles His 5 Apprentices With ₦20 Million Each (Video) - Business (2)

Nigerian Businessman Settles His 5 Apprentices With ₦20 Million Each (Video) - Business (2) - Nairaland

Nairaland Forum › Nairaland General › Business › Nigerian Businessman Settles His 5 Apprentices With ₦20 Million Each (Video) (16864 Views)

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Re: Nigerian Businessman Settles His 5 Apprentices With ₦20 Million Each (Video) by grandstar(m): 9:57am On Dec 26, 2025

May God bless him abundantly. ( Read Proverbs 19:17)

Re: Nigerian Businessman Settles His 5 Apprentices With ₦20 Million Each (Video) by Yampotatocarrot(m): 9:57am On Dec 26, 2025

FreeStuffsNG:
If anything bad happens to those guys, he should be held responsible.

His indiscretion is abhorrent and cringe-worthy.

No sensible person goes online to announce N20m donation to upstarts with no adequate resources to protect themselves from the insecurity such public announcement will attract.

Exactly what I wanted to say... Why come out to state that? He just made both himself and the guys a target, except if Na old news sha or na nollywood

1 Like

Re: Nigerian Businessman Settles His 5 Apprentices With ₦20 Million Each (Video) by Reference(m): 9:58am On Dec 26, 2025

Can our nation, our economy, governance structures learn from a system such as this to create wealth and effect the much needed horizontal linkages in society.

3 Likes

Re: Nigerian Businessman Settles His 5 Apprentices With ₦20 Million Each (Video) by muyico(m): 9:59am On Dec 26, 2025

Congratulations 👏 🎉 to them
Even me wey don start working for myself since 2005, I never c 5millions save

3 Likes 1 Share

Re: Nigerian Businessman Settles His 5 Apprentices With ₦20 Million Each (Video) by spyder880(m): 10:01am On Dec 26, 2025

FreeStuffsNG:
If anything bad happens to those guys, he should be held responsible.

His indiscretion is abhorrent and cringe-worthy.

No sensible person goes online to announce N20m donation to upstarts with no adequate resources to protect themselves from the insecurity such public announcement will attract.

Re: Nigerian Businessman Settles His 5 Apprentices With ₦20 Million Each (Video) by nedekid: 10:02am On Dec 26, 2025

FreeStuffsNG:
If anything bad happens to those guys, he should be held responsible.

His indiscretion is abhorrent and cringe-worthy.

No sensible person goes online to announce N20m donation to upstarts with no adequate resources to protect themselves from the insecurity such public announcement will attract.

Oga seems you wrote this before taking your morning medication.

6 Likes

Re: Nigerian Businessman Settles His 5 Apprentices With ₦20 Million Each (Video) by elipheleh(m): 10:02am On Dec 26, 2025

Yampotatocarrot:
Exactly what I wanted to say... Why come out to state that? He just made both himself and the guys a target, except if Na old news sha or na nollywood

Hahaha. Forget it. Whether he makes it public or not, Igbos already know who is rich or not.

In Igbo land it is not a secret that apprentices get settled.

He making it open is for information purposes.

One settlement occurred last year December in my village compound last year, yet no body was robbed.

Another one will still happen soon. Thats at least 3 multi millionaires in range of 100 millions each created in few years

6 Likes

Re: Nigerian Businessman Settles His 5 Apprentices With ₦20 Million Each (Video) by Tochi360: 10:02am On Dec 26, 2025

That's the real deal it's wickedness to cheat an apprentice off is Labour, if you do it just know that karma will wait for you somewhere.

Even though some of this boys can be very stupid sometimes grin

One of them came all the way from far away ikot epkene and tried to knack me otumpko with the intention se I go leave the business for am grin

Me wey don submit my small head inside my Eternal rock of ages wey no dey ever fail grin

,na madness him use am chop. I still gather money give him parents make them take care of am.

2 Likes

Re: Nigerian Businessman Settles His 5 Apprentices With ₦20 Million Each (Video) by rummmy: 10:04am On Dec 26, 2025

Dangote and otedola are yet to uplift a single soul from poverty

Re: Nigerian Businessman Settles His 5 Apprentices With ₦20 Million Each (Video) by ogelekpomgam(m): 10:04am On Dec 26, 2025

This is how life should be. cry

2 Likes

Re: Nigerian Businessman Settles His 5 Apprentices With ₦20 Million Each (Video) by friday2011(m): 10:05am On Dec 26, 2025

Gotocourt:
How much be Tinubu tax inside

15%

1 Like

Re: Nigerian Businessman Settles His 5 Apprentices With ₦20 Million Each (Video) by elipheleh(m): 10:06am On Dec 26, 2025

Yampotatocarrot:
Exactly what I wanted to say... Why come out to state that? He just made both himself and the guys a target, except if Na old news sha or na nollywood

Leadership of Nigerian wont ever inplement it nationwide for 2 reasons:

1. It benefits the poor only. Nothing there for the politicians to loot

2. It has Igbo signature in it. It is dead on arrival.

If not tell me why the National assembly cannot find a way to structure this kind of thing into law. And maybe give allocations to companies to take apprenticeship in every departments or some selected departments of companies

4 Likes 1 Share

Re: Nigerian Businessman Settles His 5 Apprentices With ₦20 Million Each (Video) by Thewrath: 10:07am On Dec 26, 2025

Yampotatocarrot:
Exactly what I wanted to say... Why come out to state that? He just made both himself and the guys a target, except if Na old news sha or na nollywood

Normally,I knew you lots would have doubts, just like you always had doubts when they turn that 20m into 500m in years time….if it wasn’t on the news you’d say the apprenticeship system is audio!

7 Likes

Re: Nigerian Businessman Settles His 5 Apprentices With ₦20 Million Each (Video) by iLoveYouToo(m): 10:07am On Dec 26, 2025

^guy

Gotocourt:
How much be Tinubu tax inside

Good question 😂

1 Like

Re: Nigerian Businessman Settles His 5 Apprentices With ₦20 Million Each (Video) by Adiy(f): 10:07am On Dec 26, 2025

What business is the boss into because he must have made #200,000,000 profit or more.
We don't ask questions...am just thinking abi wot do I no

2 Likes

Re: Nigerian Businessman Settles His 5 Apprentices With ₦20 Million Each (Video) by Thewrath: 10:08am On Dec 26, 2025

FreeStuffsNG:
If anything bad happens to those guys, he should be held responsible.

His indiscretion is abhorrent and cringe-worthy.

No sensible person goes online to announce N20m donation to upstarts with no adequate resources to protect themselves from the insecurity such public announcement will attract.

5 Likes

Re: Nigerian Businessman Settles His 5 Apprentices With ₦20 Million Each (Video) by iLoveYouToo(m): 10:11am On Dec 26, 2025

Adiy:
What business is the boss into because he must have made #200,000,000 profit or more.
We don't ask questions...am just thinking abi wot do I no

I thought about that too. He must me making super abnormal profit. Omo!

Re: Nigerian Businessman Settles His 5 Apprentices With ₦20 Million Each (Video) by walozanga(m): 10:16am On Dec 26, 2025

Igbo amaka. Merry Christmas yall

Re: Nigerian Businessman Settles His 5 Apprentices With ₦20 Million Each (Video) by ppogba: 10:20am On Dec 26, 2025

Okechinwadike:
Dangote and otedola can be the richest man in the moon and sun we are ok the way we igbos do it on our own

It was the same Otedola that rescued CHRISTIAN CHUKWU when the products of the apprentice system ignored him on his sick bed.

Some of you have no or short memory.

1 Like

Re: Nigerian Businessman Settles His 5 Apprentices With ₦20 Million Each (Video) by walozanga(m): 10:22am On Dec 26, 2025

FreeStuffsNG:
If anything bad happens to those guys, he should be held responsible.

His indiscretion is abhorrent and cringe-worthy.

No sensible person goes online to announce N20m donation to upstarts with no adequate resources to protect themselves from the insecurity such public announcement will attract.

It says so much about the background of the man; must have endured poverty background and when he broke away from his intense poverty background, he was never able to resist the urge to announce and pepper his poor relatives, friends and neighbors.
Smh.

I hope the tax man knows his address

Stop the negative mindset. Nwa-boy settlement na normal thing in our place we node hide am.

4 Likes

Re: Nigerian Businessman Settles His 5 Apprentices With ₦20 Million Each (Video) by Chegesnd: 10:26am On Dec 26, 2025

Why market it on social media?
No be to put the guys under immense pressure?

Re: Nigerian Businessman Settles His 5 Apprentices With ₦20 Million Each (Video) by Arda1000(m): 10:27am On Dec 26, 2025

Yampotatocarrot:
Exactly what I wanted to say... Why come out to state that? He just made both himself and the guys a target, except if Na old news sha or na nollywood

last year my cousin was settled,everyone including the villagers know the sum he got dem no Dey hide am

2 Likes

Re: Nigerian Businessman Settles His 5 Apprentices With ₦20 Million Each (Video) by CHRISSANCHEZ(m): 10:29am On Dec 26, 2025

FreeStuffsNG:
If anything bad happens to those guys, he should be held responsible.

His indiscretion is abhorrent and cringe-worthy.

No sensible person goes online to announce N20m donation to upstarts with no adequate resources to protect themselves from the insecurity such public announcement will attract.

It says so much about the background of the man; must have endured poverty background and when he broke away from his intense poverty background, he was never able to resist the urge to announce and pepper his poor relatives, friends and neighbors.
Smh.

I hope the tax man knows his address

Why do you hate PROGRESS??

6 Likes

Re: Nigerian Businessman Settles His 5 Apprentices With ₦20 Million Each (Video) by Arda1000(m): 10:29am On Dec 26, 2025

elipheleh:
Hahaha. Forget it. Whether he makes it public or not, Igbos already know who is rich or not.

In Igbo land it is not a secret that apprentices get settled.

He making it open is for information purposes.

One settlement occurred last year December in my village compound last year, yet no body was robbed.

Another one will still happen soon. Thats at least 3 multi millionaires in range of 100 millions each created in few years

you’re right,whenever someone wants to be settled it’s always open.

3 Likes

Re: Nigerian Businessman Settles His 5 Apprentices With ₦20 Million Each (Video) by Breaker001: 10:31am On Dec 26, 2025*

I say this again and again: No tribe can beat the Igbos on this. Whoever created these scheme that has made the Igbos the most dominant forces when it comes to business, never lack any good thing. May God continually be with the Igbos all the days of their lives 🙏

N/B: I am not an Igbo person. But I will not cease to praise them wherever I have the opportunity. Igbo kwenu 💪

4 Likes

Re: Nigerian Businessman Settles His 5 Apprentices With ₦20 Million Each (Video) by ariesbull: 10:34am On Dec 26, 2025

Difference Between Yoruba and Igbo Apprenticeship Systems

Yoruba Apprenticeship System

1. An apprentice is usually required to pay a token fee before starting to learn the trade.

2. After completing the training, the apprentice may be asked to pay freedom money before being allowed to leave and operate independently.

3. The system focuses on skill acquisition, after which the apprentice is responsible for starting their own business.

Igbo Apprenticeship System

1. The apprentice does not pay money to learn the trade; instead, they offer loyalty, humility, obedience, and diligence, usually for about 3–5 years.

2. After completing the apprenticeship, the master often settles the apprentice by providing money, goods, or startup capital to begin their own business.

3. This system emphasizes mentorship, trust, and long-term economic empowerment.

Summary

Yoruba system: Pay to learn → pay to exit → start independently.

Igbo system: Serve faithfully → learn the trade → receive support to start a business.

Both systems have strengths and reflect different cultural approaches to learning skills and building economic independence.But Igbo apprenticeship brings more successful people cos they don't need to start looking for seed capital and also not looking for freedom money and party money after learning the trade

4 Likes

Re: Nigerian Businessman Settles His 5 Apprentices With ₦20 Million Each (Video) by ariesbull: 10:37am On Dec 26, 2025

Arda1000:
last year my cousin was settled,everyone including the villagers know the sum he got dem no Dey hide am

Igbo are not superstitious unlike those that wousjnt go to their villages that claim Lagos year In and out claiming juju and fear

Settlement in Igbo land is done in open

5 Likes

Re: Nigerian Businessman Settles His 5 Apprentices With ₦20 Million Each (Video) by lawani(m): 10:42am On Dec 26, 2025

There are masters who work for twenty years and are not worth thirty million naira including their homes. How much will those ones settle an apprentice?. Some apprentices are settled less than 500k. It depends on the prosperity of the business. You can only spend from what you have and success is not guaranteed for any business.
This thing that happened is one in a million and it is an over settlement because how will you give a youth twenty million naira for working for a few years while you fed them?

Re: Nigerian Businessman Settles His 5 Apprentices With ₦20 Million Each (Video) by joshkke(m): 10:44am On Dec 26, 2025

virginboy1:
This is good to know, I just hope they have financial discipline and sporty bet won't collect it all.

No that's part of the training. They just don't give them money. They impart business know how, discipline, and contacts. Sometimes even customers. It's a whole ecosystem

2 Likes

Re: Nigerian Businessman Settles His 5 Apprentices With ₦20 Million Each (Video) by chigator2: 10:48am On Dec 26, 2025

FreeStuffsNG:
If anything bad happens to those guys, he should be held responsible.

His indiscretion is abhorrent and cringe-worthy.

No sensible person goes online to announce N20m donation to upstarts with no adequate resources to protect themselves from the insecurity such public announcement will attract.

It says so much about the background of the man; must have endured poverty background and when he broke away from his intense poverty background, he was never able to resist the urge to announce and pepper his poor relatives, friends and neighbors.
Smh.

I hope the tax man knows his address

Yoruba clown spotted

2 Likes

Re: Nigerian Businessman Settles His 5 Apprentices With ₦20 Million Each (Video) by franchasng: 10:52am On Dec 26, 2025

PHIPEX:
Is this not better than spending 4years in Nigeria school like this?

Do you know how long it will take a Nigerian graduate to save 20million?

It is and if you add the business secrets and management skills they acquired, that will make going to school a joke today.

It was this Igbo apprenticeship culture that helped the Igbos rise up so fast from the ashes of the civil war that saw Igbos lose virtually everything they had before the war.

But the thing seems to be going extinct with every Igbo family and youth now clamoring to go to school and answer graduate than to learn trade or serve a successful business owner like before

1 Like

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