My friend received a ₦10,000,000 loan and suddenly forgot every business plan he had carefully documented.
He had originally wanted to start a poultry business but lacked the capital.
He begged a friend to help him secure the ₦10,000,000 loan so he could begin the poultry venture.
After months of struggling, the loan finally arrived.
That same week, one of his friends informed him about a piece of land that had just become available at a very cheap price.
The friend explained that the owner was selling urgently because he needed money quickly.
Seeing an opportunity to buy the land and later resell it for a profit, my friend took ₦9,000,000 from the loan money and purchased the land.