Entertainment

Mr Macaroni Opens Up About N500 Million Debt and Financial Struggles

By Wole-Bodunde Oyinkansayo.

Popular content creator and actor, Mr. Macaroni, has shared an account of his financial struggles, revealing that he fell victim to a scam and a failed investment in 2021, which wiped out his entire savings.

In a post on his X handle, Mr. Macaroni recounted how he struggled to cope with the loss, resorting to borrowing money to meet his commitments, which ultimately led to a staggering debt of N500 million.

“Sometime around 2021/2022 I was victim of a scam and simultaneously a failed investment that cost me all I had saved at the time. It shook me deeply but I told no one about it. If you know me well enough, you would know I do not like to share my problems. I could be going through the worst and at the same time helping others solve their own problems but I just would never share mine,” he said.

Mr. Macaroni admitted that his financial recklessness and generosity led his financial woes, making it challenging for him to repay the borrowed money.

He said, “After I lost all the money I had then, Trouble started when I had to borrow money from different sources to settle all pending commitments and also fulfill certain responsibilities I have always believed were mine to fulfill. I make money in millions so I never thought borrowing money to pay back with interest could ever be a problem. But I got too comfortable and it took me a long time to realize that I was using the money I was earning to pay back interests. Also, my financial recklessness did not help. Please don’t borrow money! But if you must, please be responsible.”

The actor revealed that 2024 was a pivotal year in his career, but it was also the most challenging, as he struggled with the overwhelming debt. His struggles were further compounded by a personal betrayal, which left him feeling frustrated and helpless.

However, with the support of his loved ones, Mr. Macaroni stated that he is now in a better place, feeling more positive than he has in the last three years.

He shared his story to encourage others who may be facing similar challenges, hoping that his experience can serve as a lesson and inspiration to others.

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