What they don’t tell you about Money in the Bank Ideas, Scam, 419 and Nigerian genius

Money is a concept that appeals to everyone. It is a universal truth. No matter where anyone came from, they appreciated and used money. However, what people can do for money depend on various motivations. But everyone can agree that hard work did not always pay off. Therefore people seek endless strategies to make as much money with as little efforts as possible. And that is the origin of the ‘money in the bank concept’. This expression comes from the popular WWE event whereby wrestlers face tough challenges to earn a briefcase of money.

Money in the bank entails facing intense hardship for a short period. Then wins some huge sum of money that should sustain a person indefinitely. Maybe not quite indefinitely, but I guess you get the idea. Young people in Nigeria are energetic and all dream of financial freedom. It is safe to say that they fancy the idea of money in the bank. Unfortunately, there is no such thing as money in the bank which is up for grabs in life.


Why this idea trends in Nigeria

Nigeria has to be the most difficult place to live and work in the world. The country has extreme job shortages. Poor educational facilities and social services are permanent truths for decades now. National Leadership is abysmally incompetent. Somehow, people have to keep living and may resort to survival at any means possible. It is therefore popular for ‘money in the bank ideas’ to trend in people’s’ idle talk. Majority of Nigerians are still uneducated and have little knowledge of how to pull off any con at all.

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A few Questions about ‘Money in the Bank’ or what they call Nigerian Scam

Nigerians are generally peaceful and fun to be around. Still, they have gained a notorious reputation for being fraudsters. While Nigerians are not the best fraudsters in the world, they have made such a big name. Numerous questions come to mind in quick succession. Why Nigerians? Maybe there are too many of them. Since statistically speaking, one in six Africans in Nigerian. Could this be another label or just a cause to discriminate against Nigerians? Living under constant suspicious watch is a reality Nigerians live with daily when they deal with foreigners. Would we say that it was just to give all Nigerians a horrific blanket treatment? Should the concern of non-Nigerians be to help the people exceed the challenges that predispose them to become scammers? The level of accomplishments made by Nigerian Scammers reeks of pure evil genius. I often wonder what it would be like if this genius was put to good work. Don’t you think it would produce awesome results?


Next Steps for our communities: international and local

The world is full of these developed countries that claim to be champions of Human Rights. But they have very discriminatory international policies and do too little to empower future leaders of countries where they have interests. While bad behaviour is not justifiable under either guise. It is difficult for people to become model citizens if there is not a stable, dependable system to support them. The World needs to do more for the Nigerian Youth now because there are worse things than a scam. The government sits still on a keg of gunpowder and the World needs to scream till they hear.

Money in the bank remains desirable, be it in the wrestling ring or among poor homeless children. What is obtainable is a set of government interventions that teach irrelevant skills to young people. Any skill that produces daily income that is below the poverty line is not capable of empowering anyone. Sadly, that is the speciality of the Politicians in Nigeria. Unfortunately, their international counterparts applaud their bandying of dead, irrelevant empowerment projects. A break from poverty is a human right and should be ensured by governments. It is patronising to assume that vice can be totally wiped away but with adequate conscious efforts, true empowerment can finally happen? Should be a long time coming or what do you think?


Michael Ukwuma

Michael Ukwuma

Michael is a Project Manager with years of experience in nonprofits and managing startups. He shares what he has learnt over time with like-minded persons. He gives classes to persons who plan a future in the nonprofits sector or as entrepreneurs.

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