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Nigerian Businessman Settles His 5 Apprentices With ₦20 Million Each (Video) - Business (4) - Nairaland

Nairaland ForumNairaland GeneralBusinessNigerian Businessman Settles His 5 Apprentices With ₦20 Million Each (Video) (16884 Views)

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Re: Nigerian Businessman Settles His 5 Apprentices With ₦20 Million Each (Video) by Minjim: 5:51pm On Dec 26, 2025
Enddy50ty:
Do your research, don't come online and expose your stupidity
The arrogance of you people at dishing out propaganda and falsehood is unprecedented.
And you always quick to insult anyone that exposed your falsehood.
Even among the 5 richest men in Nigeria, there is no single Igbo man among. Talk more of an institution that is renowned for producing wealthy billionaires.

Let me just give you two

Based on recent data, here are the Harvard graduates who are among the 20 richest individuals in the world:
Steve Ballmer: Rank 10, with a net worth of approximately $118 billion. He graduated from Harvard with a degree in mathematics in 1977. He was the former CEO of Microsoft.

Michael Bloomberg: Rank 14, with a net worth of approximately $105 billion. He earned his Master of Business Administration (MBA) from Harvard Business School in 1966. He is the founder and CEO of Bloomberg L.P.
Re: Nigerian Businessman Settles His 5 Apprentices With ₦20 Million Each (Video) by hopeforcharles(m): 7:20pm On Dec 26, 2025
Yes brother i agree in settling them when due.
Some bad eggs among them is where the problem lies. Happy Christmas and more blessings to you and your household
Tochi360:
This boy is someone who I never wanted to take in bcus the first time he came with his brother, one of my boy caught him in ashawo house grin na the ashawo dey push am to thief from me,even link am to Benin babalawo wey dey do juju for am grin

Him cast wotowoto bcus My God don already turn me to him own personal arusi on Earth grin grin.

Nonetheless ,robbing the sweat of an apprentice is a no no,paying them off in due time is very essential.
Re: Nigerian Businessman Settles His 5 Apprentices With ₦20 Million Each (Video) by Fromwater: 7:47pm On Dec 26, 2025
The real question is, what kind of business and how long they served their boss.
There are some businesses in Nigeria that 20 million is not enough to start....
Re: Nigerian Businessman Settles His 5 Apprentices With ₦20 Million Each (Video) by Mrexcell(m): 9:01pm 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 wink
The whole #20m will definitely not be in cash most will come in goods.
Re: Nigerian Businessman Settles His 5 Apprentices With ₦20 Million Each (Video) by Tochi360: 10:18pm On Dec 26, 2025
hopeforcharles:
Yes brother i agree in settling them when due.
Some bad eggs among them is where the problem lies. Happy Christmas and more blessings to you and your household
Happy Xmas bro,may the goodness of God that comes with the season locate you and your household.
Re: Nigerian Businessman Settles His 5 Apprentices With ₦20 Million Each (Video) by ariesbull: 8:22am On Dec 27, 2025
Arda1000:
true
They don't understand Igbo culture.... In Igbo land we don't settle people in closet... The issue is my Yoruba people have this morbid dear for everything to the extent that they don't even go to their own village! They fear their own village and scared of people from their community and that is why many of them claim Lagos and are buried In Lagos...

Unlike other tribes that travel to their villages ! So this would be surprising for them
Re: Nigerian Businessman Settles His 5 Apprentices With ₦20 Million Each (Video) by ariesbull: 8:24am On Dec 27, 2025
Fromwater:
The real question is, what kind of business and how long they served their boss.
There are some businesses in Nigeria that 20 million is not enough to start....
it is not enough or enough the most important thing is expertise ! What you need in business isn't even the cash but two things...
1. Expertise
2. Line of credit
Re: Nigerian Businessman Settles His 5 Apprentices With ₦20 Million Each (Video) by lawani(m): 8:39am On Dec 27, 2025
ariesbull:
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
If you learn a skill like tailoring, mechanic, carpentry and etc from a master that is like going to technical college and you must pay for it. The master can only be paying you if you are a journey man that has mastered the trade and can actually contribute to money making. That is the Yoruba system. The Igbo system is not really apprenticeship but serving your master. You are a sales person or manager for a number of years and then you are settled.
Re: Nigerian Businessman Settles His 5 Apprentices With ₦20 Million Each (Video) by ariesbull: 9:02am On Dec 27, 2025
lawani:
If you learn a skill like tailoring, mechanic, carpentry and etc from a master that is like going to technical college and you must pay for it. The master can only be paying you if you are a journey man that has mastered the trade and can actually contribute to money making. That is the Yoruba system. The Igbo system is not really apprenticeship but serving your master. You are a sales person or manager for a number of years and then you are settled.
That is exactly for Yoruba people! That's what I am saying cos it's not like that in Igbo
Re: Nigerian Businessman Settles His 5 Apprentices With ₦20 Million Each (Video) by lawani(m): 9:55am On Dec 27, 2025
ariesbull:
That is exactly for Yoruba people! That's what I am saying cos it's not like that in Igbo
How do Igbo people now learn tailoring, mechanic, carpentry and etc if not with the Yoruba system?
Re: Nigerian Businessman Settles His 5 Apprentices With ₦20 Million Each (Video) by ariesbull: 12:36pm On Dec 27, 2025
lawani:
How do Igbo people now learn tailoring, mechanic, carpentry and etc if not with the Yoruba system?
says who...Igbo have their own system ...

Yoruba will tax the poor lad when he wants to learn the work and also tax the poor lad when he is done with the work calling it freedom money

In Igbo land they don't tax anyone...all you have to do is sign an agreement that you will learn the work for a period of time, when you are done , your master orays for you and also help in setting you up ...at no cost on you! That's Igbo system. That's humane
Re: Nigerian Businessman Settles His 5 Apprentices With ₦20 Million Each (Video) by Fromwater: 8:28pm On Dec 27, 2025
ariesbull:
it is not enough or enough the most important thing is expertise ! What you need in business isn't even the cash but two things...
1. Expertise
2. Line of credit
Expertise is needed but it's not the most important... The most important is cash.
Expertise can only take you as far as the cash you have...
But cash can get you expertise any day any time.
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