NewStats: 3,263,616 , 8,180,763 topics. Date: Friday, 06 June 2025 at 08:11 PM 1w5y60

For this week’s episode of My Money Mistake ,
we spoke to a 27-year-old taxi driver who got addicted to betting, lost ₦2.5 million, and is currently in debt of ₦700k.
He tells us how it happened and how he’s been coping with the situation.
Could you tell me about your money mistake? In 2016, I was looking for a way to survive because my business wasn’t going so well.
That’s when a friend introduced me to betting.
He showed me the amount of money he’d won, and it immediately caught my attention. In no time, I was hooked.
How has that been? From the moment I started betting, the most I’ve ever won is ₦20,000, and I’ve lost up to ₦2.5 million. Oh wow. That’s a lot. I don’t even know why I keep going back. I’ll just call it an addiction. Sometimes, I’ll pray or meet people who advise me, and afterwards, I’ll feel better. But after a while, I’m back there again.
There was even a time I sold my car to pay off some loans and get into a new business. After I got the money from the buyer, I just got the urge to bet again, and before I knew what was happening, I had lost over ₦200,000 from the money.
Till today, I’m still in debt. Do you have a money mistake to share? Fill this form. How much debt? A little over ₦700,000. It should be ₦300,000, but I’ve also accumulated overdue charges for defaulting on my repayment due date. How have you been coping? It’s a battle, and I really hope it doesn’t overwhelm me. I almost considered taking my own life at some point. It got that bad. I’m so sorry.
What’s your plan to get everything back? I’m back in business as a taxi driver, and I’ve started paying them off. I’ve also taken up extra jobs. My goal is to clear most of it this year. How about the person who introduced you to betting? It’s been a long time since we saw each other because I cut him off from my life. There are other people who were a part of my life back then that I am also still trying to distance myself from. Whenever I mention to them that I am quitting betting, they tell me I’m fooling myself. Do you have new friends now? I have some good friends now, as well as my pastor who I often go to whenever I think I have the urge to bet. They often rebuke, encourage, and counsel me. What did you learn from this experience? The major lesson I learnt is the importance of contentment. A lack of contentment was what led me to believe that what I didn’t have was better than I already had. If I’d been content with what I had, I wouldn’t have had all these problems.

Wow! That's lovely. Keep wagering.

Students loan

You lost 2.5m and the most you've won is 20k? That's not believable.

Betting without discipline will send you back to trenches.

🫤

omoh........people get mind ooh,i nearly waka enter road the 1st day i lose 1k to surebet..

PerfectStranger:
Betting without discipline will send you back to trenches.

I can testify that betting works, just like forex trading works. You just have to be disciplined.

People are buying cars and building houses just by betting.

Like what someone said earlier, you bet with discipline

You can try with 1.40odds or even 1.30odds and see how you win bet

It's not composary you bet everyday

That's were discipline come into play

I have 20persons I give and we r doing well

For high stakers only

Bet no be poverty elevation scheme that you want to use 100naira to win 1million

Try what I told you you will be for ever happy, yes you will loose ,but 1 out of 10

If you can do it yourself me, but if you can appreciate and be flexible

Please no low stakers needed, you do it yourself

dinachi:

I can testify that betting works, just like forex trading works. You just have to be disciplined.

Are you one of my benefactor s?

You sound known