Mr Eazi's big MTN deal cost his uncle a cool N19 million

Nigerian artist and businessman Oluwatosin Ajibade, known as Mr Eazi, experienced a devastating financial setback during his teenage entrepreneurial ventures. The musician borrowed N19 million from family members to fund a diesel supply operation targeting major telecommunications companies like MTN. Government deregulation caused fuel prices to collapse, destroying the value of his inventory and eliminating potential contracts. The failed venture left him unable to repay his uncle and aunt, who had invested their life savings in the project. This painful experience became a foundation for his later achievements in music and business investment.