Popular comedian and actor, Mr Macaroni, has shared his financial struggles, revealing that he fell into massive debt amounting to over N500 million after falling victim to a scam and a failed investment in 2021.
The entertainer, known for his humorous skits and activism, made the shocking revelation in a heartfelt post on his X (formerly Twitter) handle on Thursday. He explained that the financial loss wiped out all his savings, forcing him to borrow money to meet his commitments. However, he soon realized that he was only paying off interests, which made his situation worse.
I Lost Everything and Kept It to Myself
Mr Macaroni, whose real name is Debo Adedayo, said he kept his struggles to himself and continued helping others despite his own difficulties.
“Sometime around 2021/2022, I was a 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,” he wrote.
He explained that he is not the type to share his problems, even when going through the worst times.
Mr Macaroni said, “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.”
How Debt Took Over His Life
After losing his savings, Mr Macaroni turned to borrowing money, assuming he could easily pay it back with his income. However, he soon realized that he was only 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.”
He advised his followers against borrowing money unless absolutely necessary, urging them to be financially responsible.
“Please don’t borrow money! But if you must, please be responsible.”
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2024: A Defining But Difficult Year
The comedian described 2024 as both a defining year in his career and the most difficult time of his life due to the huge financial burden he carried.
His situation was made even worse by betrayal from someone he considered “a friend and sister.” Although he did not mention names, he hinted that the experience left him deeply hurt.
Despite these challenges, Mr Macaroni expressed gratitude to his family and close friends, saying their unwavering support helped him navigate the difficult period.
“I am in a much better place now than I have been in years. I am grateful for my family and friends who stood by me.”
Speaking Out to Inspire Others
Mr Macaroni said he decided to share his story to encourage people who might be facing financial struggles. He urged them to stay strong, make better financial decisions, and seek help when needed.
His revelation has since sparked conversations online, with many fans and celebrities praising him for his honesty and bravery in sharing his experience. Some also shared their own financial struggles, emphasizing the need for better money management skills and caution when making investments.
The entertainer, who is known for his famous catchphrases “You are doing well” and “Freaky freaky”, continues to make fans laugh, but his story serves as a reminder that even the most successful people can face financial difficulties.