Key Points:
- Mr Eazi recalls a teen diesel plan with MTN. He raised ₦19m from his uncle and aunt.
- He says the deal had papers and port agents. Government deregulation hit prices and killed the contract.
- Cash stayed tied up for three long months. They sold below cost and lost every single naira.
Mr Eazi has shared a raw money loss story. He says it came from a bold teen bet. He tried a diesel supply job tied to MTN. The plan looked sound, but the end hurt.
At 19, he pitched the idea to his uncle. His uncle, a doctor, and his wife agreed. They saved hard and gave him ₦19m to start. He planned to supply MTN through bulk agents at Apapa.
Deregulation wave wipes out the MTN diesel plan
He insists the deal was real and had firm papers. Bulk allocation agents at Apapa backed the plan. Then the government deregulated fuel prices across the market. Price change hit fast and buyers pulled out at once.
The port held the diesel for around three months. By release time, the MTN contract no longer stood. He then sold at a loss to clear stock. He counts the loss as the full ₦19m sum.
His yearbook throwback also sparked talk this week.
He recalls he was 19 or maybe 20 then. He pitched the dream with clear numbers and dates. He shared the plan with calm, sure words. He told family he would serve the MTN need.
Singer owns the loss and draws a clear lesson
He says the cash equalled about £40,000 at that time. He notes his uncle saved it for many years. He calls himself a born salesman back then. He believed hard and pushed the dream with zeal.
He now says the flop gave him a core guide. He takes the blame and thanks the early pain. He urges young hustlers to check risk before they leap. He keeps faith with family and guards trust with care.Fans still stream the Iceland vows video online.
He thanks his uncle and aunt for their trust. He says trust means more than any short gain today. He plans better now and checks rules before deals. He tells young folks to keep notes and records
