Wealthy Man Loses N33.6m and Expensive Cars to Betting, Narrates His Sad Story
- Lamech painfully shared about his betting habit that cost him millions, leaving him broke, almost begging for food
- The young man said he lost over KSh 6 million (N33,641,838.26) in two years because of the wasteful habit that had taken hold of him
- The man from Nairobi said he had to give up his precious assets, including three luxurious cars, in his attempt to recoup the lost money
Nairobi - A young man has heartbreakingly narrated his story of losing millions of money in two years.
Source: Original
Lamech said he had been reduced to zero after losing KSh 6 million (N33,641,838.26) in a couple of years because of an addiction.
He said he was hooked on online betting, which he started in 2018 after being introduced to it by a friend.
How much can one use?
Speaking to Kenyan widely read media, TUKO.co.ke, Lamech said poverty pushed him to ask for money from his friend, who generously gave him KSh 50 (N279.91).
"I went to be with it and earned KSh 3,000 (N16,794.30). I never returned the money, but I continued betting on the sites. The game was new, and since the developers wanted to win clients, I was making good money. Within no time, I was getting tens of thousands per day and eventually hundreds of thousands on good days.
My transactions were so many because money was coming in and going out. All went well; I could buy items like a TV, radio, and clothes. I did not care to invest because I was a university student and staying with my parents, so they had my back," he said.
Can a millionaire be broke?
However, the life of the Nairobi man spiralled from October 2021 to October 2023 as he quickly lost money.
He would put money on the betting sites, but he was not getting the returns he wanted, leaving him in massive debt.
"I was so addicted to the game, and because of the frustrations of losing, I had to give up my household items at great losses. I lost KSh 4 million and three posh cars. My total transactions for the two years amounted to over KSh 6 million. But now I am broke," he said.
Nigerian man won N102m
Meanwhile, Legit.ng earlier reported that a Nigerian man, Mr Bayo, was richer after winning N102 million overnight from sports betting.
In a tweet on X on Friday, November 10, 2023, an excited Bayo displayed his winning tickets as he broke the news of his massive win.
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Source: TUKO.co.ke
Nkem Ikeke (Copy editor) Nkem Ikeke is currently a copy editor who also writes for the politics and current affairs desk on weekends. She holds a Bachelor of Arts in Mass Communication degree from the University of Nigeria, Nsukka (2010), and has over 10 years of work experience in the media industry (Reporter, News Agency of Nigeria). Email: n.ikeke@corp.legit.ng
Joseph Omotayo (HOD Human-Interest) Joseph Omotayo has been writing for the human interest desk since 2019 and is currently the head of the desk. He graduated from Obafemi Awolowo University, Ile-Ife, with a degree in Literature in English in 2016. He once worked for Afridiaspora, OlisaTV & CLR. He is a 2022/2023 Kwame Karikari Fact-Checking fellow. He can be reached via: joseph.omotayo@corp.legit.ng.
