NewStats: 3,261,643 , 8,174,638 topics. Date: Thursday, 29 May 2025 at 10:35 PM 1962h

6z3e3g

Your Family Used To Be Rich Now They’re Poor How? - Family (3) - Nairaland 2y4y3z

Your Family Used To Be Rich Now They’re Poor How? (16062 Views)

(4)

Go Down)

HenryWilliams(m): 1:15pm On Jan 13
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.

28 Likes 1 Share

idtiwo: 1:18pm On Jan 13
Ballzproblemm:
I won't say rich per say maybe middle class,dad own two cars, multiple shops, didn't go to school but trained his brothers.

Business stopped prospering,his last shop got demolished.

Did the brothers he helped come to his rescue when things went bad for him ?

We might learn something from here.

1 Like

idtiwo: 1:20pm On Jan 13
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.

Hmmm, Nothing drains wealth faster than politics.

11 Likes

davades(m): 1:21pm On Jan 13
Dad started taking care of families living with us and got two more rooms, one for Females and the other for Males, he hardly finished the 3bedroom flat he's building , he's dead tho, call on those uncles and aunties na so so stories. Lesson learnt

14 Likes

Kingju: 1:23pm On Jan 13
EyeCumInPiece:



No vex, how una take dey do this empty pose

1 Like

travelzcruix: 1:25pm On Jan 13
I am an example but God saved me. My father used to be a top politician up till 2017. Everything is gone, the cars, money fair weather friends but thank God I never wasted the little I got from him. I invested hugely into the trade I do. Singlehandedly and by the special grace of God, I graduated from University, lifestyle hasn't changed much. I still maintain the rich kid lifestyle. Money isn't permanent, be nice to people at the same time remain industrious.

25 Likes 1 Share

franvincoop: 1:34pm On Jan 13
I no wan talksay u dey lie but it seems like it.
Or maybe dem no tell you the real story.
Quick question, Cocaine dey leave 9ja go Brasil or dey leave Brasil go Nigeria?

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..

3 Likes

Tijani009: 1:35pm On Jan 13
Ballzproblemm:
I won't say rich per say maybe middle class,dad own two cars, multiple shops, didn't go to school but trained his brothers.

Business stopped prospering,his last shop got demolished.
Sorry
franvincoop: 1:36pm On Jan 13
Guy abeg, cocaine dey leave 9ja go Brasil or dey leave Brasil come 9ja?
Cuz it no make sense for my brain.
Taking cocaine from 9ja to Brasil is like taking it to Mexico or Colombia. Who does that?


dettolgel:


I am sorry but if your father was doing business in Brazil then he was most likely into the drug business.

2 Likes

rita25(f): 1:54pm On Jan 13
my dad married a 2nd wife she wrecked the family and her son ended up killing my dad......dear men guard your loins when you are young or you will regret.

14 Likes 4 Shares

Cutezt(m): 2:03pm On Jan 13
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 ed 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 reduced drastically.

27 Likes 2 Shares

lagonovo: 2:14pm On Jan 13
Not true. Most people tend to confuse "news-driving" info with real life info. You are likely to hear of a Nigerian caught with drugs from Brazil than Nigerian medical doctors and real businessmen in Brazil. Bad news drive news industry. Mind you, Brazil is home to many successful clean Nigerian businessmen and not everybody is into "get-rich quick or die trying" approach to life. The likes of Dangote, Patrick Dele Cole, late Ooni of Ife Olubuse, Ibeto, Deinde Fernandez etc are people that did or still doing business in Brazil ranging from industrial chemicals to sugar, salt, precious metals, gold, and agric products. Their downstream businesses involve many Nigerians and they are mostly successful.


dettolgel:


I am sorry but if your father was doing business in Brazil then he was most likely into the drug business.

7 Likes 2 Shares

tobby20: 2:20pm On Jan 13
franvincoop:
I no wan talksay u dey lie but it seems like it.
Or maybe dem no tell you the real story.
Quick question, Cocaine dey leave 9ja go Brasil or dey leave Brasil go Nigeria?

Ajeh I thought it was only me
Na him papa carry coke go Brazil
Come dey give una scope

1 Like

Johnn74: 2:20pm On Jan 13
Benwallt:
IPOB's sit at home
grin
dettolgel: 3:02pm On Jan 13
lagonovo:
Not true. Most people tend to confuse "news-driving" info with real life info. You are likely to hear of a Nigerian caught with drugs from Brazil than Nigerian medical doctors and real businessmen in Brazil. Bad news drive news industry. Mind you, Brazil is home to many successful clean Nigerian businessmen and not everybody is into "get-rich quick or die trying" approach to life. The likes of Dangote, Patrick Dele Cole, late Ooni of Ife Olubuse, Ibeto, Deinde Fernandez etc are people that did or still doing business in Brazil ranging from industrial chemicals to sugar, salt, precious metals, gold, and agric products. Their downstream businesses involve many Nigerians and they are mostly successful.



I agree with you that bad news sell and that there are genuine Nigerian professionals there. My point is that most so called businessmen from there are low key into shady businesses. Enter street make them give you orientation

2 Likes

lagonovo: 3:03pm On Jan 13
I lived there, did you or do you? Telling me about streets of Brazil, really?

dettolgel:


I agree with you that bad news sell and that there are genuine Nigerian professionals there. My point is that most so called businessmen from there are low key into shady businesses. Enter street make them give you orientation

1 Like

qtx(m): 3:04pm On Jan 13
Image123:


We all have our collective part to play in moving us forward.
This makes me even suspect you d more grin
People that are talking like this , hmmmmmm

2 Likes 1 Share

Smilleydr(m): 3:26pm On Jan 13
essentialone1:
My family was not wealthy then but comfortable. One could use the often misused words that we were once a middle-class family.

That generation has little or no education.

As business grew, other things also accompanied it.

No Financial Management skills
No Business Management skills
Little or No Savings
No adjustment to inflationary realities
Little understanding of the importance of Investments, especially in the stock market and real estate market.

But today, I have started correcting all those mistakes, and intentionally re-building wealth. Slowly, but Progressing.

We dont die, we multiply.
can I chart you on WhatsApp
Image123(m): 3:27pm On Jan 13
qtx:

This makes me even suspect you d more grin
People that are talking like this , hmmmmmm

SMH
Smilleydr(m): 3:35pm On Jan 13
travelzcruix:
I am an example but God saved me. My father used to be a top politician up till 2017. Everything is gone, the cars, money fair weather friends but thank God I never wasted the little I got from him. I invested hugely into the trade I do. Singlehandedly and by the special grace of God, I graduated from University, lifestyle hasn't changed much. I still maintain the rich kid lifestyle. Money isn't permanent, be nice to people at the same time remain industrious.
pls can I ask you something on WhatsApp, no be money I won beg oooo
yemmit90: 3:36pm On Jan 13
ibechris:
This is why I keep saying that,it is easier to make money but very hard to maintain it to last ur existence.

Aside health issues that can cripple ur wealth.

Don't ever use money from ur business to train ur children. Don't use ur salary or pension to train ur children never.


Use ive income to this and honestly,u won't blame
yourself for this.

Many people have actually become poor today because they failed to use other income source to drive their growth.

My dad was affected by the same thing .

Read this up on nairametrix
Rich dad,poor dad same dad.


Easier said than done, when you start having your own children and solely depends on salary or proceed from business, don't train them and be waiting for special money to do so. Instead of you to appreciate your dad and work hard to assist the old man, you are here blaming him for not ignoring you totally and solely improve himself.

As long as you chose to have children in life, the best thing you can do to yourself is to train them with whatever you can afford. If you fail to do so, you will never enjoy your old age, that wealth you think could be useful to you at old age could be a course as a result of irresponsible children that can do anything to eliminate or bring you down to take over.

6 Likes 2 Shares

aswani(m): 3:46pm On Jan 13
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?

An element of showing off, even though some was to help others.

A lazy father and lazy sons totally dependent on a female breadwinner and being unappreciative too.

To the Lord be the glory, a lot of people my mum helped, paid a lot of the children back tenfold (not monetary), sadly she wasn't around to see her glory restored fully.

Be careful spoiling your male children, be careful keeping male figures around you that are of no use. Always always help those in need and most importantly, keep your head down when you have money.

It was important to go through the downs to see people's true colours sha.

A shame some of the lazy males benefitted from her restored glory, God is watching us all sha.

5 Likes 1 Share

ibechris(m): 4:02pm On Jan 13
yemmit90:


Easier said than done, when you start having your own children and solely depends on salary or proceed from business, don't train them and be waiting for special money to do so. Instead of you to appreciate your dad and work hard to assist the old man, you are here blaming him for not ignoring you totally and solely improve himself.

As long as you chose to have children in life, the best thing you can do to yourself is to train then with whatever you can afford. If you fail to do so, you will never enjoy your old age, that wealth you think could be useful to you at old age could be a course as a result of irresponsible children that can do anything to eliminate or bring you down to take over.


It affected my dad is now blaming him.
Oga take ur useless emotion away from here.

This is the same mentality that has thwarted ur mental state from reasoning properly.

Keep off my TL.
yemmit90: 4:31pm On Jan 13
ibechris:



It affected my dad is now blaming him.
Oga take ur useless emotion away from here.

This is the same mentality that has thwarted ur mental state from reasoning properly.

Keep off my TL.

Ordinarily, I would've ignored you but I think you are still a young guy who is still trying to find his feets in life. Nothing will make sense to you now, until you get to that stage. This is not about being emotional, I was only telling you about real life situations. What you read in the books are some people experiences in their society or environment, which might be totally different to yours and the way your society works. I've read so many books including rich dad you mentioned, but later realised that alot of circumstances do change things along the journey of life. Life or let me say living is dynamic and not static, it is not what you totally measure by another people experiences or direction.

Like if your children Need 2 millions naira for school fees, and your suppose ive income fail you at that moment, will you go and borrow money with interest or start begging on the streets just because you don't want to spend from your active income?

Life doesn't work that way, so appreciate your dad and make him happy with little you can. This is Nigeria where over 80% don't have ive income, so if you say spending his active income to sponsor you was a mistake/affected him, will you be happy if he gladly spent it on himself and allow you to become nuisance in society today?

10 Likes 3 Shares

DuBLINGreenb(m): 4:58pm On Jan 13
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 ed 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 reduced drastically.

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.

7 Likes

Skydivine: 5:07pm On Jan 13
yemmit90:


Ordinarily, I would've ignored you but I think you are still a young guy who is still trying to find his feets in life. Nothing will make sense to you now, until you get to that stage. This is not about being emotional, I was only telling you about real life situations. What you read in the books are some people experiences in their society or environment, which might be totally different to yours and the way your society works. I've read so many books including rich dad you mentioned, but later realised that alot of circumstances do change things along the journey of life. Life or let me say living is dynamic and not static, it is not what you totally measure by another people experiences or direction.

Like if your children Need 2 millions naira for school fees, and your suppose ive income fail you at that moment, will you go and borrow money with interest or start begging on the streets just because you don't want to spend from your active income?

Life doesn't work that way, so appreciate your dad and make him happy with little you can. This is Nigeria where over 80% don't have ive income, so if you say spending his active income to sponsor you was a mistake/affected him, will you be happy if he gladly spent it on himself and allow you to become nuisance in society today?




If I were you, I wouldn’t waste my time educating that guy. What you have given him today, if well utilized will change the course of his life.
He was on the wrong track with a terrible mentality.
I wish he listens, but he won’t. Just leave him to continue.

4 Likes 2 Shares

Emeskhalifa(m): 5:10pm On Jan 13
They weren't that rich but middle class.

Damn I wonder if such thing called middle class exist again

Right now, you are either poor or rich

This satanic people have messed up the country

2 Likes

SeaTrade(m): 5:14pm On Jan 13
Greed,
Had a direct member of the family fighting everyone to own the family business because he didn't wanna share with me basically cos I was the only one left to share it with him.
Well,2011 they finally handed it to him,nigga crippled it because it was too big for his greed to effectively manage.
That's how the family business perished in less than 10 years.
Well,guess what?
I am now bigger than what was,operations, network and sophistication keep growing .
He's doing quite well now,but his greed and pride sowed a seed of discord in the family.Factions and loyalty groups everywhere.
Funny how prosperity can become a curse in the hands of some people.
I'm really cool not talking to a lot of them,I only fear bringing in new into the family to come experience the mess ,
Waiting for time to fix it all cos I'm not making any effort to build any relationship with anyone.

5 Likes

dettolgel: 5:27pm On Jan 13
lagonovo:
I lived there, did you or do you? Telling me about streets of Brazil, really?


I don't but I know people that are and I am privy to their downlow activities
lagonovo: 6:04pm On Jan 13
Ok, just be aware that hearsays could be embellished for good story. <***>
dettolgel:


I don't but I know people that are and I am privy to their downlow activities
dettolgel: 6:45pm On Jan 13
lagonovo:
Ok, just be aware that hearsays could be embellished for good story. I'm sure as "privy" as you are, you can't even name 5 most common areas to find Nigerians in Sao Paulo, Rio or Brasilia.


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.

Reply)

10 Reasons Not To Get A Divorce - Read & Have A Rethink

(Go Up)

Sections: How To . 82
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or s on Nairaland.