The Oba of Lagos, Rilwan Akinolu, publicly denounced the growing trend of get-rich-quick schemes among Nigerian youths, declaring that such pursuits are condemned by both the Bible and the Quran.
Speaking at a community event in Lagos, the revered monarch emphasized the importance of hard work, integrity, and patience, warning that the obsession with instant wealth is fueling crime, fraud, and societal decay. His remarks come amid rising concerns about internet fraud, known locally as “Yahoo Yahoo,” and other illicit activities promising quick financial gains, particularly among young people in Nigeria’s commercial capital.
The Oba, a former police officer who has reigned since 2003, argued that religious texts from Christianity and Islam advocate for diligence and ethical conduct. He referenced biblical passages, such as Proverbs 13:11, which warns that wealth gained hastily will dwindle, and Quranic verses, like Surah Al-Baqarah 2:188, which prohibits unjust enrichment.
Akinolu urged parents, religious leaders, and educators to instill values of perseverance and honesty in the youth, noting that Nigeria’s economic challenges, including 32% inflation and youth unemployment above 50%, do not justify criminality. He cited the collapse of several Ponzi schemes, which defrauded thousands in recent years, as evidence of the dangers of seeking shortcuts to wealth.
The monarch also called for government intervention to create job opportunities and regulate online platforms that promote fraudulent schemes. He praised ongoing efforts by the Economic and Financial Crimes Commission (EFCC) to combat cybercrime but stressed the need for preventive measures, such as vocational training and entrepreneurship programs.
Akinolu’s remarks resonate with Lagos’ role as Nigeria’s economic hub, where wealth disparities are stark, and the allure of quick riches often overshadows traditional paths to success. His message underscores a broader cultural push to realign societal values with religious and ethical principles, aiming to curb the get-rich-quick syndrome that threatens Nigeria’s social fabric.