Winner of Big Brother Naija Season 7, Josephina Otabor, popularly known as Phyna, has opened up about her biggest financial regret of using her ₦100 million prize money primarily to support family members rather than investing it for the future.
In a recent livestream, the reality star admitted she was young and unprepared when she emerged from the Big Brother house in 2022.
Instead of seeking professional advice or focusing on long-term financial security, Phyna said she channelled much of the money into settling family debts, providing handouts, and carrying out projects such as digging boreholes for relatives.
“The mistake I made was using my Big Brother Naija prize money to support family members instead of investing it.
“I thought I was helping my family members and sorting out their debts.
“I was spending generously on them. None of the older family members called me to give me financial advice on how to invest or manage the money well.
“All of them were constantly demanding money from me for several stuff. I dug a lot of boreholes for family members.
“But the moment I started saying ‘No’ that was the beginning of my problem with family members.
“They complain and even call me out in the media whenever I can’t meet their demands.
“But now that the money has finished, I’m the only one facing the reality alone,” she lamented.
Credit: thenationonlineng.net
