Parents risk losing generational wealth without preparing heirs — SAN
- ✦On spiritual capital, he said parents must instill values such as integrity, hard work and discipline in their children from an early age.
- A Senior Advocate of Nigeria, Osaro Eghobamieh, has warned that parents who transfer businesses and properties to their children without preparing them to manage the assets risk destroying the wealth they spent their lifetime building.
- Eghobamieh said Nigeria lacked sustainable generational wealth because many family businesses and assets collapsed or became subjects of disputes after the death of their founders.
- On spiritual capital, he said parents must instill values such as integrity, hard work and discipline in their children from an early age.
A Senior Advocate of Nigeria, Osaro Eghobamieh, has warned that parents risk destroying their wealth if they fail to prepare their children for succession.
Frequently Asked Questions About This Story
What is the latest development regarding Victoria Island?
A Senior Advocate of Nigeria, Osaro Eghobamieh, has warned that parents who transfer businesses and properties to their children without preparing them to manage the assets risk destroying the wealth they spent their lifetime building.
Who are the key organizations or public figures mentioned?
The primary parties identified in this coverage include Victoria Island, Lagos State, Zamfara State.
What timeline or key figures were confirmed?
Speaking on Sunday at the 18th anniversary celebration of Arise Women Conference, held at the Oriental Hotel, Victoria Island, Lagos, with the theme, ‘Impact’, the SAN urged parents, particularly business owners, to involve their children early in their businesses, relationships and financial decisions to prepare them for eventual succession.
