Former Big Brother Naija winner, Phyna, has expressed regret over how she spent the money she won from the reality television show.
The reality star, whose real name is Josephina Otabor, disclosed during a recent livestream that she used a large part of her prize money to support family members instead of investing it.
According to her, she was still young and inexperienced after leaving the show and did not properly manage her finances.
Phyna explained that rather than receiving financial guidance from older family members, many of them continually approached her for financial assistance and support.
She stated that she spent heavily on family responsibilities, including settling debts and providing basic needs for relatives.
The former BBNaija winner also disclosed that she funded the construction of several boreholes for family members during that period.
Phyna lamented that problems started after she began declining some of the requests due to financial pressure.
She alleged that some family members turned against her and even criticised her publicly whenever she was unable to meet their demands.
The reality star further stated that now that the money has been exhausted, she is left alone to face the consequences of her financial decisions.
Her words … “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.”