Popular content creator and actor, Mr Macaroni, has revealed his financial struggles, disclosing that he lost his savings in 2021 due to a scam and a failed investment.
In the aftermath, he was forced to borrow money to stay afloat, ultimately accruing a massive debt of N500 million.
He admitted that his generosity and financial mismanagement played a role in his difficulties.
In a detailed post shared on his X handle on Thursday, Mr Macaroni disclosed:
“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 explained that after losing all his savings, he turned to borrowing to meet his commitments, assuming his income would be sufficient to cover the debts.
However, he soon realised he was merely paying off interests, which worsened his financial situation.
“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 described 2024 as both a turning point in his career and the toughest year of his life, largely due to his overwhelming debt.
His frustration was further compounded by a betrayal from someone he once regarded as “a friend and sister.”
Despite his struggles, Mr Macaroni expressed gratitude to his family and friends for their unwavering support during tough times.
He shared that he now feels better than he has in years and hopes his story inspires others facing financial challenges. He encouraged them to stay strong and seek help when needed.
See comedian Mr Macaroni post below (swipe to view);