Entrepreneurship coach and former chief executive officer of a major bank in the country, Ibukun Awosika has revealed that many prominent and wealthy Nigerians are deeply indebted despite maintaining extravagant public lifestyles.
Speaking during a preaching engagement where she touched on the realities of wealth and financial discipline, Awosika pointed out that appearances often mask the true financial status of some high-profile individuals.
“I was chairman of a very popular bank, and you would be shocked if I told you that many wealthy Nigerians very big names are living in debt while maintaining a lavish public lifestyle. Until they die, their families often don’t even know the true state of their finances and how broke they’re,” she said.
The businesswoman shared insights from her own financial journey, revealing that for over a decade, she earned more than her husband while he diligently built his career in the public sector.
She explained that rather than allowing the income gap to create friction, they chose to view it as a foundation for mutual growth and teamwork.
Awosika urged couples, especially women, not to let money become a source of conflict in marriage, describing it as a tool to build and grow together.
“So when I say do not make money an issue in your home, I mean it. Money is a tool. Use it to achieve things together, whether it comes from the man or the woman. One plus one is one. It is not mathematics,” she said.
Top Society reports that this disclosure by the former chairperson of First Bank of Nigeria has since sparked conversations online about wealth perception, financial realities and making ends meet in today’s Nigeria.
