NewStats: 3,265,238 , 8,186,096 topics. Date: Saturday, 14 June 2025 at 01:51 AM 4y2o63

6382y

Man Who Served His Oga For Seven Years Settled With Only ₦‎500,000 - Business - Nairaland 30y3l

Man Who Served His Oga For Seven Years Settled With Only ₦‎500,000 (37440 Views)

(4)

(1) Go Down)

TimeManager(m): 8:39pm On Mar 08
A Nigerian man said when he completed his apprenticeship in 2021, he was given only N500,000 by his Oga.

The man said his father heard the news and developed a stroke and he has not recovered from it since that time

However, the man said, despite the amount of money he was settled with, his business has started thriving.

A Nigerian man is happy that his business is thriving despite the fact that his Oga did not give him plenty of money.

According to a video he posted on TikTok, @Prozik said he completed his apprenticeship in 2021, after which he went to start his own business.

But Prozik said he was settled with N500,000, an amount some people considered too small.

According to him, his father fell ill with a stroke after the news reached him that his son had received N500k.

He said:

“My Dad have not recovered from the stroke he felt since 2021 when he heard that I was settled with 500k after serving for 7 years, not knowing that I will make it this big.quick recovery Dad.

“For those that will start doubting, this is my second shop opened in August 23rd 2024.,I started with a small shop in a local area on 20th of August 2021 with 500k.”

https://www.legit.ng/people/1644085-man-served-oga-years-settled-n500k-dad-falls-sick-hearing-it/

24 Likes 5 Shares

TimeManager(m): 8:41pm On Mar 08
You can't convince me otherwise, I will still stand on my point that this apprenticeship is slavery. If you check am well, he fit dey do one kind corner-corner doings to help himself. "Making it this big" sounds like a pressure on him with the burden of a dad lying down with stroke partly as a result of how his son's boss treated his son. He has to be responsible for his dad's treatment and also start a business with a meagre 500k. A lot of these boys are into Yahoo, powder business, & other stuff.



-Kiss the truth!

141 Likes 18 Shares

givedemwotowoto: 8:49pm On Mar 08
I would say the safest way of settling an apprentice is to be putting a portion of your profits in a separate for the entire period of the apprenticeship, so that whether your business faces challenges or not, the settlement money is secure. Some people don’t understand this savings/financial system, and when it’s time to settle their apprentices, if their business is facing challenges at the time, they start telling stories.

Igbos have a reputation of being very successful with this apprenticeship style of business. People who want to use this type of settlement should understand how it’s done. It’s a similar principle to the retirement savings plans done in the US, UK and elsewhere

90 Likes 7 Shares

MrBadNews: 8:50pm On Mar 08
Settlement of big money isn't the yard stick of success in a business, some ogas will settle with big money but wouldn't show you the real deal where they make most of their money from that same business, after running down your business after two years you start saying your oga cursed money and settled you.

On the other side, and oga will settle you with lesser amount of money but will seat you down and hunt you on everything you need to be successful on a particular business.

63 Likes

mrvitalis(m): 8:57pm On Mar 08
500k is small but the way igbo apprenticeship works... If you re good you don't even need money to stock your shop .... Just open it

Some boss hit hard times and can't settle so they rent shop for their boys and guarantee for the shop to be supplied by suppliers

But there should be a standard minimum to settle a boy... Anyone who fails should be banned from taking up another boy

120 Likes 7 Shares

Sonnobax15(m): 9:00pm On Mar 08
lipsrsealed
That's life for you....

Now the funniest part may be surprising to find out that he may even be living well than his so-called oga,both business-wise and in all sundry ....

But all I can see here is determination,focus and a No-giving-up kind of Spirit he possessed on his own part, and it finally paved way for his success..

12 Likes 2 Shares

Zionmdde: 9:02pm On Mar 08
TimeManager:
You can't convince me otherwise, I will still stand on my point that this apprenticeship is slavery. If you check am well, he fit dey do one kind corner-corner doings to help himself. "Making it this big" sounds like a pressure on him with the burden of a dad lying down with stroke partly as a result of how his son's boss treated his son. He has to be responsible for his dad's treatment and also start a business with a meagre 500k. A lot of these boys are into Yahoo, powder business, & other stuff.



-Kiss the truth!
Sharrap there
The money is just a little percentage of the reward
Other packages include: knowledge, business intelligence, connections etc. All these can turn a thousand to millions

See how far that guy has gone with the 500k. He is now worth millions

You can focus on your agbero job, you shouldn't have an opinion on something you know absolutely nothing about

136 Likes 10 Shares

givedemwotowoto: 9:03pm On Mar 08
mrvitalis:


Some boss hit hard times and can't settle so they rent shop for their boys and guarantee for the shop to be supplied by suppliers

It’s usually safer to put the money away bit by bit in a separate for the number of years the apprenticeship will last

3 Likes

MadamExcellency: 9:03pm On Mar 08
The real deal in the settlement is not all about the money but rather the experience, knowledge, endurance, s and connections established during the training. You can always come back a few years to settle your boss after doing business with his s and connections.

25 Likes 5 Shares

givedemwotowoto: 9:06pm On Mar 08
If we had responsible governments, a type of apprenticeship settlement system would’ve been opened in Nigeria, similar to the way developed countries have retirement s for workers, since it’s a common way of business in parts of Nigeria. Once you hire an apprentice, you both formalize an apprenticeship agreement, and an is opened for that purpose.

4 Likes

Ddeliverer007(m): 9:06pm On Mar 08
Cosmas maduka was settled with 200naira today he is a billionaire. Money plays less that 20% of your success in business.. why would your father develop stroke? Has he not lived his life? Why will your settlement capital make him sick? I don’t understand it..

30 Likes 2 Shares

MadamExcellency: 9:15pm On Mar 08
Ddeliverer007:
Cosmas maduka was settled with 200naira today he is a billionaire. Money plays less that 20% of your success in business.. why would your father develop stroke? Has he not lived his life? Why will your settlement capital make him sick? I don’t understand it..

One Oyo State Muslim lady, Aderonke was posted to my establishment for her youth service in 2022 and I sent her to learn how to do business in our warehouse and she was happy after the end of her service for what she learned.

Fast forward to 2025, she is doing business in a large way different from her course of study. It's all about the knowledge, experience, s and connections.

31 Likes 3 Shares

mightyhaze: 9:26pm On Mar 08
One thing about this igbaboy that most people who are not into it do not understand is that igbaboy is like a spiritual and mental fortification process .. the money is more or less a capping.. Ordinary young school leavers that their parents beg and bring to my place just to keep them busy for some months while awaiting ission or youth service find themselves good footings in life ..some no even dey find job again sef after their service... How much more nwaboy that has undergone serious grilling and grounding in the biz. Somebody u have exposed to your customers,s and your suppliers..


A true trader..even if u take everything away but just leave his health and vigour intact will bounce back in a year... How much more a fresh young kid brimming with hunger ,ideas and zeal..


Thanks for proving this with this story u brought here

30 Likes 3 Shares

id4sho(m): 9:34pm On Mar 08
Many get nothing or accused of theft and humiliated then sacked 🤷

7 Likes 1 Share

id4sho(m): 9:34pm On Mar 08
One man business is a risky work.

It comes with lots of abuse, the boys are beaten which calls for concern 🤷
kettykings: 9:39pm On Mar 08
The N500k is not the big deal. The real treasure lies in the business acumen an apprentice gains during their training.

That knowledge is priceless in some industries, like the high-demand spare parts trade.
It holds the potential to generate billions. And as for the marketing and salesmanship expertise an apprentice acquires? That’s a conversation for another day.

If you want to understand how the Igbos bounced back so rapidly from the devastation of the Nigerian Civil War, look no further than the Igbo Apprenticeship System (IAS). It was the foundation of their economic resurgence. This system must not only be preserved but also refined and expanded beyond trade into blue-collar, white-collar, and even tech-driven industries.

In the industry where I operate, it is called mentorship or protegeship. Every expert in ever field must pour out his industry secrets to his igbo apprenticeship, which og the secrets are to dicey , must be his children.

In fact, imagine the transformative power of making it mandatory for every young Igbo male or female to undergo a structured apprenticeship—lasting six months to a year—before stepping into the university.

The ripple effects and economic footprint it will have on economic empowerment, skill development, and generational wealth creation can only be imagined

21 Likes 1 Share

owobokiri(m): 9:39pm On Mar 08
TimeManager:
You can't convince me otherwise, I will still stand on my point that this apprenticeship is slavery. If you check am well, he fit dey do one kind corner-corner doings to help himself. "Making it this big" sounds like a pressure on him with the burden of a dad lying down with stroke partly as a result of how his son's boss treated his son. He has to be responsible for his dad's treatment and also start a business with a meagre 500k. A lot of these boys are into Yahoo, powder business, & other stuff.



-Kiss the truth!

Maybe his oga has been suspecting him of keeping something somewhere.
The story is not always smooth. It is the same in every area of life.
Maybe Oga had a business hiccup recently..
Or maybe he is just evil..

That is not enough excuse for you to categorise a business practice that has made thousands of millionaires as "slavery"..

Looks like after cornering everything, agbadorians are now going to fight with the igbo man in the markets

9 Likes 1 Share

nedu666: 9:54pm On Mar 08
When I said yorubas are obsessed with lgbos, they will deny it. Tell me if not for joblessness and lgbo obsession, why will you spend time searching to bring this news to us. Yoruba men are like sad monitoring spirits

17 Likes

Melagros(m): 9:54pm On Mar 08
COMRADES, in 2021 Nigerian currency has value that's why he made it; if it were now under the incompetent Tinubu he was given the said amount, he would know what's up because the Naira as of today is as worthless as toilet paper

What a shame

7 Likes 1 Share

AntiWailer: 9:55pm On Mar 08
How will the news make your father have stroke.
brownbib(m): 9:55pm On Mar 08
Shit happens
tunary(m): 9:56pm On Mar 08
Wickedness
masterfactor(m): 9:56pm On Mar 08
Snsh

1 Like

owiko(m): 9:56pm On Mar 08
Oga from Hell.
He for at least fear God

1 Like

ImoleNaija: 9:58pm On Mar 08
You sure say na the #500k turned this big? I no wan hear otherwise o.

3 Likes

masterfactor(m): 9:58pm On Mar 08
owiko:
H

Watch how some people from the east will come and defend this. This nwa boy system of apprenticeship needs to scrapped. It doesn't serve any purpose in this modern era, it just slavery.

1 Like

Hemanwel(m): 9:58pm On Mar 08
Noooo! This is pure cheating! The relevant authority should intervene for the boy. N500k after 7 years! N500k in this economy! How much be shop?

Modified:

I read only the topic before commenting. After reading through, I realized it didn't happen recently. If it was four years ago, not a bad one though!

2 Likes

cybriz82(m): 9:58pm On Mar 08
Who God dn bless no man can’t curse…
Beiii: 9:59pm On Mar 08
Mmm
simpleseyi: 9:59pm On Mar 08
Werey servant
Heffalump(m): 10:01pm On Mar 08
Why?
Was he caught stealing from the oga?

(1) Reply)

How Can I Invest My 100k This January?

(Go Up)

Sections: How To . 41
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or s on Nairaland.