Nigerian business leader and former bank chairperson Ibukun Awosika has revealed that many prominent and wealthy Nigerians are deeply indebted despite maintaining extravagant public lifestyles.
Speaking during a preaching engagement, Awosika addressed the realities of wealth, financial discipline, and the dangers of living based on appearances. According to her, public perception often hides the true financial situation of some high profile individuals.
Awosika, who previously served as chairperson of First Bank of Nigeria, said her experience in the banking sector exposed her to surprising financial truths about influential figures.
She stated that many big names who appear affluent are actually burdened by significant debt. In some cases, she noted, even their families remain unaware of the true state of their finances until after their death.
Drawing from her personal journey, Awosika disclosed that for more than a decade she earned more than her husband while he steadily built his career in the public sector. Rather than allowing the income difference to create tension in their marriage, she said they approached it as a partnership focused on long term growth.
She advised couples, particularly women, not to allow money to become a source of conflict at home. According to her, money should be viewed as a tool for building a shared vision, regardless of who earns more.
Awosika emphasized that financial unity in marriage is not about competition but collaboration. Her remarks have since sparked conversations about wealth perception, debt culture, and the importance of financial literacy in Nigeria.
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