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Singer and entrepreneur, Mr Eazi, has revealed how he once lost ₦19 million in a failed diesel business at just 19 years old.
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According to him, he took money from his uncle, a doctor, and his wife in Nigeria to fund the venture, with the hope of supplying diesel to MTN.
Business dream gone wrong
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He explained that his friend’s father, OC’s dad, trusted them enough to hand over his life savings worth about ₦19 million then, which equated to nearly £40,000 at the time. With the money in hand, they tried to secure diesel through agents at the Apapa port in Lagos.
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Unfortunately, deregulation of fuel prices hit just as they made the purchase. Prices crashed, their money was trapped, and the MTN supply deal slipped through their fingers.
The harsh lesson
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Mr Eazi recalled how painful it was to lose such a huge amount at a young age. Instead of making profits, they were forced to sell the diesel at a loss, with no chance of recovering the millions invested.
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The failed venture left them in shock, but the experience, according to him, was a turning point. He said that although they had disappointed their investors, including his uncle and OC’s dad, the journey shaped his entrepreneurial mindset.
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For Mr Eazi, the setback was a bitter but valuable lesson that eventually influenced his rise as a global music and business brand.
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Social media reactions
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Araboriota reacted : “At 19 most people are still asking parents for pocket money. Even though the business failed, the experience Mr. Eazi gained was worth more than the #19m. No wonder he built himself into a global brand later.”
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Tumzy9 reacted: “I never still see 19million”
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mayor_xxx wrote: “#19M gone, but the experience turned him into the man he is now”
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BhadJayy added: “19Million at 19 lol.”
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Watch the video below…
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“At 19 I borrowed ₦19 million from my uncle to go into Diesel business, three months later the business crashed and I lost the whole ₦19 million”
— Mr. Eazi. pic.twitter.com/2JWkRzCK3S
— (@AsakyGRN) September 22, 2025
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