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Business Owner Settles Apprentice With N1M Plus Credit Facility Worth N500K - Business (5) - Nairaland

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Wema Bank Signs $50 Million Credit Facility With ECOWAS Bank / Uproar As Anambra Man Settles His Apprentice With N100k After 9 Years (Video) / Oceanic/ecobank Bank Shares Worth N500k In 2005 Is Now Worth N11,530.45. (2) (3) (4)

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Re: Business Owner Settles Apprentice With N1M Plus Credit Facility Worth N500K by NgwalandAba(m): 2:00pm On Jan 05, 2021
Etinosa1234:


I don't know for u oo..But I think it has a big market given his population...

But the traffic , stress and lots more can put someone into depression

There are people even in zamfara State making it big than those in Lagos,it has nothing to do with noisy populace there.
Re: Business Owner Settles Apprentice With N1M Plus Credit Facility Worth N500K by aribisala0(m): 2:08pm On Jan 05, 2021
WINNERMENTALITY:
can he save 1.5m for 7yrs while been employed at age 14 or 15, what skill and knownledge is he going to increase his salary or make life out of non discipline.
We should be happy how this is the only thing we are able to perfect in Igbo land and that is what makes us difrerent in the whole of Africa, No tribe come close to this even when u stay with them all your liftime
The key issue here is Trust

I know because I have had business dealings with some Igbos
1. These apprentices are Trusted with cash in huge amounts over many years. This Trust should have a value. If they went to the open market to employ an outsider there is a risk of fraud/theft
2. The other thing is the actual value of the services provided over many years. What we have is young people who should be in school working from morning till night 6-7 days a week with minimal pay Often disputes arise because one party feels cheated and we have heard of many crimes arising out of unsatisfactory settlement e.g robbery ,kidnapping or even homicide

This is 2020. What is needed is a clear legally binding agreement that is written. Not some lamba "settlement"

We have disagreements among other groups which also lead to killings whether it is Fulani herdsmen or Bureaux de change operators

Let no one deceive themselves that this is some kind of great system

3 Likes

Re: Business Owner Settles Apprentice With N1M Plus Credit Facility Worth N500K by okoroemeka(m): 2:12pm On Jan 05, 2021
cococandy:
He didn’t do the boy a favor. The young man earned it. Ask him how many years he “served”.

That said, some ogas are terrible and won’t do as much
he has planted the boy like an iroko tree in his community by teaching him the laws of money management for 7 years or more,the oga been obviously gone through the apprenticeship system himself knows quite well that the boy will have another backup #2 million stashed somewhere for contingency,in case his oga decided he is fvcking his daughter and will not settle him,but truth be told the Igbo apprenticeship system works so well that in 5 years time that boy will have a house and a Lexus SUV to back it up.
Re: Business Owner Settles Apprentice With N1M Plus Credit Facility Worth N500K by thatigboman: 2:13pm On Jan 05, 2021
starbuck:
Very commendable

Meanwhile I know of people who does more than what he did to their apprentices who served them without making noise
he wasnt making noise. someone just used camera phone to cover the event and upload into internet
Re: Business Owner Settles Apprentice With N1M Plus Credit Facility Worth N500K by Etinosa1234: 2:23pm On Jan 05, 2021
NgwalandAba:


There are people even in zamfara State making it big than those in Lagos,it has nothing to do with noisy populace there.

Be like u hate Lagos very well ooo... Besides Zamfara is insecure,. How are people making it?
Re: Business Owner Settles Apprentice With N1M Plus Credit Facility Worth N500K by LadySarah: 2:24pm On Jan 05, 2021
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1 Like

Re: Business Owner Settles Apprentice With N1M Plus Credit Facility Worth N500K by Yankee101: 2:25pm On Jan 05, 2021
aribisala0:

The problem you folk have is self deception and boastfulness

Are all Igbos traders?
All of a sudden what a small group of Iigbos do is now IGBO APPRENTICESHIP SYSTEM

Tell us about the Igbo apprenticeship system for those who are not traders?
Are there no Igbo lawyers or doctors do they not trainees?
Are there no Igbo mechanics or tailors or other artisans?
so many times people are not settled and even get killed to avoid settlement

You folk need to STFU and stop beating your scrawny chests

Read everything before you make comments. Or you'll come across as ignorant

1 Like

Re: Business Owner Settles Apprentice With N1M Plus Credit Facility Worth N500K by okoroemeka(m): 2:27pm On Jan 05, 2021
MYGRATEskillz:
1m After serving for how many years plz? This practice is the most fraudulent yet.
you are looking at the time he served with a shallow mind,do you know the practical lessons that boy passed in economics and wealth management that many professors of economics and business management will struggle to manage a small medium Enterprise,that boy has been baptized in the fires of wealth creation due to the fact that he generated that money that was used to settle him,one year before you are settled you will be given a shop to manage and profits from there will be used to settle you and the shop left for you,if the boy is smart and industrious he might have already made so much extra from the shop before he is even settled,so the type of knowledge the boy got from 7 years of apprenticeship cannot be compared to monetary value.

4 Likes

Re: Business Owner Settles Apprentice With N1M Plus Credit Facility Worth N500K by vickydevoka(m): 2:31pm On Jan 05, 2021
Jancy606:
A lot of people settle their boys with cash or goods worth more than than a million.I wonder why they made it a public news.
Not de money dats touching me self. Na other things way de follow am
Re: Business Owner Settles Apprentice With N1M Plus Credit Facility Worth N500K by okoroemeka(m): 2:42pm On Jan 05, 2021
CalliDora1:
He had better invested it wisely.

Kudos to the boss.
don't worry how he will invest the money because he is the investment platform already,that small boy has been taught the secrets of money management that sadly most mature people don't yet understand.

5 Likes

Re: Business Owner Settles Apprentice With N1M Plus Credit Facility Worth N500K by Nobody: 2:46pm On Jan 05, 2021
okoroemeka:
don't worry how he will invest the money because he is the investment platform already,that small boy has been taught the secrets of money management that sadly most mature people don't yet understand.

Yeah, that's true.
Re: Business Owner Settles Apprentice With N1M Plus Credit Facility Worth N500K by Galatians: 2:49pm On Jan 05, 2021
cococandy:
He didn’t do the boy a favor. The young man earned it. Ask him how many years he “served”.

That said, some ogas are terrible and won’t do as much



The experience the boy got when serving his Oga is the main thing, not the money.

The money is just to help him start his own business.

3 Likes

Re: Business Owner Settles Apprentice With N1M Plus Credit Facility Worth N500K by Kennydoc(m): 2:50pm On Jan 05, 2021
Jancy606:
A lot of people settle their boys with cash or goods worth more than than a million.I wonder why they made it a public news.

They made it public news? Who did?
Was it not somebody who was a part of the occasion that recorded the event and posted it on the social media. I am sure the man who settled the boy did not intend it to go on social media.

3 Likes

Re: Business Owner Settles Apprentice With N1M Plus Credit Facility Worth N500K by Galatians: 2:50pm On Jan 05, 2021
Jancy606:
A lot of people settle their boys with cash or goods worth more than than a million.I wonder why they made it a public news.


Someone else made the video, not the man.

2 Likes

Re: Business Owner Settles Apprentice With N1M Plus Credit Facility Worth N500K by Mogul750: 3:04pm On Jan 05, 2021
In this our own time 1.5m is small, but God bless the man and the boy who got his reward at the end cuz there's some boi boi wey them oga no settle and some once that oga go give 500k- 1000000 no accommodation. Come trade fair and see boys wey them oga settle with 3m doing well, undecided

1 Like

Re: Business Owner Settles Apprentice With N1M Plus Credit Facility Worth N500K by okoroemeka(m): 3:06pm On Jan 05, 2021
staga:


The blessing the man placed on him before handing him the cheque is the main thing. Ask any Igbo trader. If the oga does not bless an apprentice before handing him any money, that money will disappear.
very true,my cousin took off with his ogas money after 5 years apprenticeship and opened his own shop in nnewi,and his oga been an nnewi indigene did not disturb the guy,after 2 years the looted millions went down the drain and my cousin was begging for money,our family has to beg the oga for 1 year before he accepted to pray and forgive the guy,which he later did when my cousin knelt down and begged for forgiveness,he prayed for him and surprisly settled the guy with #300k,that was year 2003.

2 Likes

Re: Business Owner Settles Apprentice With N1M Plus Credit Facility Worth N500K by Nobody: 3:06pm On Jan 05, 2021
Some of us did more than this without making noise.

1 Like

Re: Business Owner Settles Apprentice With N1M Plus Credit Facility Worth N500K by Mogul750: 3:09pm On Jan 05, 2021
Galatians:




The experience the boy got when serving his Oga is the main thing, not the money.

The money is just to help him start his own business.

mai guy ar times big money is important

1 Like

Re: Business Owner Settles Apprentice With N1M Plus Credit Facility Worth N500K by NgwalandAba(m): 3:21pm On Jan 05, 2021
Etinosa1234:


Be like u hate Lagos very well ooo... Besides Zamfara is insecure,. How are people making it?

grin
Re: Business Owner Settles Apprentice With N1M Plus Credit Facility Worth N500K by Nobody: 3:45pm On Jan 05, 2021
gringringrin
shizzle1:
You mean that tribe that their anceator fell down from the sky and broke his neck?
Re: Business Owner Settles Apprentice With N1M Plus Credit Facility Worth N500K by jacoik(m): 3:47pm On Jan 05, 2021
Etinosa1234:
By next week, he'll move to Lagos because that's where the market is

In 5 years he'll be successful...

Because he already has the foundation and a startup capital...

In Some places, na freedom party dem go do for u... Na u go hustle for ur self
dat freedom party dey vex me ehhhh. person finish learning work and instead of you to look for money to set him or her up, u are looking for money to do freedom party. e taya me sef

1 Like

Re: Business Owner Settles Apprentice With N1M Plus Credit Facility Worth N500K by PBeni(m): 3:49pm On Jan 05, 2021
BabaIbo:
Check that money well, that money fit be 10k spiritually.

I know what I am saying and people that are familiar with the apprentice system will understand too.

Note: I am a full blooded Igbo and I also a have siblings who have been tru that system, even though my family is a comfortable one.


Rubbish talk. And drop that nonsense 'full blooded igbo' tag, cos you're not angry
Re: Business Owner Settles Apprentice With N1M Plus Credit Facility Worth N500K by merits(m): 3:50pm On Jan 05, 2021
ashacot:
Ọnye fee eze...
Young man from Enugu state gets settled to the tune of N1,000,000 + credit facilities worth N500,000 after duly completing his apprenticeship with his Boss from Ekwulobia, Anambra state. The business owner also offered to accommodate his ex Apprentice until he is able to get his own accommodation
They're not even related..


https://www.youtube.com/watch?v=2f01YayemqI

Good one better boss

1 Like

Re: Business Owner Settles Apprentice With N1M Plus Credit Facility Worth N500K by jacoik(m): 3:51pm On Jan 05, 2021
starbuck:
Very commendable

Meanwhile I know of people who does more than what he did to their apprentices who served them without making noise
even the man sef no know say d thing go make news. I doubt if he knew that this picture was taken
Re: Business Owner Settles Apprentice With N1M Plus Credit Facility Worth N500K by UyaiIncomparabl(f): 3:56pm On Jan 05, 2021
LadySarah:


BigSquid, Redpanthar, RedPhoenix, is that you?




It is him and they are one person. grin
Re: Business Owner Settles Apprentice With N1M Plus Credit Facility Worth N500K by fk001(m): 3:56pm On Jan 05, 2021
Northerners have this type of apprenticeship for ages but you will never see them boast or chestbest because of it. And they careless about Media publicity. Go to big markets like kasuwan wambai in kano and other big markets across northern Nigeria you will see how they handle their apprentice then you will know that indeed North is a world of its own.



To them, Media publicity is Riya (showoff) they prefer to live a humble life. You. see someone worth hundreds of millions or billions but riding Motorcycle and if you go to his house they type of cars in his garage would shock you.

1 Like

Re: Business Owner Settles Apprentice With N1M Plus Credit Facility Worth N500K by Agboriotejoye(m): 4:02pm On Jan 05, 2021
ArewaWife:
bows not kneel

What's the difference?
Re: Business Owner Settles Apprentice With N1M Plus Credit Facility Worth N500K by Blackdisciple(m): 4:15pm On Jan 05, 2021
Well congrats to him.. you better use your head oooo cos we have vampires with skirts around oo
Re: Business Owner Settles Apprentice With N1M Plus Credit Facility Worth N500K by ogub(m): 5:21pm On Jan 05, 2021
Why the publicity?
Re: Business Owner Settles Apprentice With N1M Plus Credit Facility Worth N500K by BabaIbo: 5:28pm On Jan 05, 2021
PBeni:



Rubbish talk. And drop that nonsense 'full blooded igbo' tag, cos you're not angry


I am more Igbo than you will ever imagine, it is not mouth making.

You are just living in denial young man, mind you I'm a businessman FYI.
Re: Business Owner Settles Apprentice With N1M Plus Credit Facility Worth N500K by bptc10: 5:50pm On Jan 05, 2021
Same happen to me, after serving my master for 5 years and made money for him that he was able to built 2 storey building in the village and 3 storey building in Lagos he accused me of stealing his money, but the truth is that he later become poor, all he has today is only that house in the village and in Lagos, though he later regret what he did to me and confessed to people
Dozie32:
Tell me why God will not bless you him?? I have a friend after serving the oga for 7years, instead of to settle him. His oga and the wife planned to set him up that he wants to rape the oga's wife.which the young man never did. They later sent him off without a single dime and you tell me that God will punish them!

1 Like

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