I got a loan to start my business last year and my mum pleaded with me to borrow her 2.1 million naira and promised to pay in one month at the moment I am presently unemployed and my business has not kicked off because after 7 months my mum and dad decided to be only paying back on monthly installments which I I turned payed back to where I borrowed it from. The loan is a three year loan and the consequences of this is that I will start my own family in debt as I am due for marriage...the most painful part is that my parents are claiming that they have finished paying me back because I live I thier house and they also give me two thousand Naira daily for my upkeep.

The worst implication is that my business cannot even start because of the sacrifice I made for my parents.

Please what do you advise as my parents threaten to arrest me if I ask them for the money again.

Dear digitslegal,

You went against the number family commandment; Never lend your parents money!

Thia particular money is gone and you parents have somehow contributed to your downfall. If you go the way of the law, you might need to provide evidences that indeed, you gave your mother the money. Should you win the case in court, then get ready to be disowned!

Oga o

Blaming you now won't solve any problem, just lick your wounds, and find a way to hussle and get money to push the business .

And please get your own apartment as soon as you can or go stay with a good friend

Haba...this is just unfair

Wait Op
U mean ur parent or adopted parent .

He he he!!! Na dis new year dis one for dey happen. U didn't told us d kind of job ur mom was doing DAT made u borrowed her such amount of money. I think dat was were u got it wrong. Handle that ur business well, since DAT is d only source u can repay d moni.

digitslegal:
I got a loan to start my business last year and my mum pleaded with me to borrow her 2.1 million naira and promised to pay in one month at the moment I am presently unemployed and my business has not kicked off because after 7 months my mum and dad decided to be only paying back on monthly installments which I I turned payed back to where I borrowed it from. The loan is a three year loan and the consequences of this is that I will start my own family in debt as I am due for marriage...the most painful part is that my parents are claiming that they have finished paying me back because I live I thier house and they also give me two thousand Naira daily for my upkeep.

The worst implication is that my business cannot even start because of the sacrifice I made for my parents.

Please what do you advise as my parents threaten to arrest me if I ask them for the money again.

Is it possible to secure a loan from Bank in Nigeria without the bank monitoring its utilization? Are you telling me the bank are not asking you questions on the turnover of your business? How were you able to get a loan without collateral security in Nigeria? I doubt your story.

edoman2016:

Is it possible to secure a loan from Bank in Nigeria without the bank monitoring its utilization? Are you telling me the bank are not asking you questions on the turnover of your business? How were you able to get a loan without collateral security in Nigeria? I doubt your story.

honestly

You guys are becoming creative in telling stories. Your parents threatened to arrest you? Who gave an unemployed person loan without collateral? Ain't you paying interest on the loan? Useless post.

zed7:
You guys are becoming creative in telling stories. Your parents threatened to arrest you? Who gave an unemployed person loan without collateral? Ain't you paying interest on the loan? Useless post.

Loool.

Isn't it amazing people believe him? Like they don't have parents themselves, don't live in Nigeria or have a functioning brain.

Who gives a jobless youth over 2M loan? Even Lapo ain't that stupid.

ifyalways:

Loool.

Isn't it amazing people believe him? Like they don't have parents themselves, don't live in Nigeria or have a functioning brain.

Who gives a jobless youth over 2M loan? Even Lapo ain't that stupid.

Seems his update will be to ask for contributions.

thorpido:

Seems his update will be to ask for contributions.

Hehehe.

ifyalways:

Loool.

Isn't it amazing people believe him? Like they don't have parents themselves, don't live in Nigeria or have a functioning brain.

Who gives a jobless youth over 2M loan? Even Lapo ain't that stupid.

Who knows what to believe again in this nairaland. Everything is a story