Speaking from her experience in the banking sector, Awosika said many individuals who appear prosperous are, in fact, heavily indebted — a reality that often comes to light only after their death.
She noted that families are sometimes blindsided when creditors begin laying claim to properties and assets, exposing financial obligations that had been hidden from spouses and children.
“Sometimes you think your father has money. I was chairman of a bank. You’ll be shocked how many people are in debt that are living large. Until they die, their families don’t know what they really have,” she said.
According to Awosika, lavish lifestyles and public displays of success can be misleading, as some individuals sustain them through significant borrowing rather than real financial strength.
“I go to functions sometimes, sit down and watch people. I always smile. Empty posing. Their children and wives think they are acting big. The day that person dies, they’re in trouble because creditors will come for everything,” she added.
She urged families to embrace financial transparency and responsible planning, stressing that honest conversations about money and prudent management of debt are essential to safeguarding loved ones from avoidable hardship.
Awosika’s comments add to ongoing conversations about financial literacy, wealth sustainability, and the long-term consequences of living beyond one’s means.