Stop Flaunting Your Wealth On Social Media – DSS Warns

December 3, 2022

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Stop Flaunting Your Wealth On Social Media – DSS Warns

To show they are not only mandated to protect the government and the state alone, the Directorate of State Services, DSS, routinely issues public security advisories to enable the citizenry play their role in their own security and that of society.

Apart from advisories on possible terror attacks, the Service also harps on the need for upwardly mobile individuals, especially the youth, to desist from the growing fad of reckless display of material wealth so as not to attract the attention of violent criminals, especially kidnappers and armed robbers.

It is common to see young people displaying their fleet of flashy cars, newly completed and luxuriously furnished mansions and raw cash to show they have “blown” (made it). Some get themselves conspicuously videoed spraying bundles of cash at ceremonies and post it to the social media for maximum publicity. Others ask members of the public to drop their account numbers to receive financial windfalls.

Coming at a time that criminality is getting more sophisticated and violent, this fad simply makes no sense. These criminals are always on the watch out for an opportunity to strike. Even if the wealth flaunter adequately secures himself or herself, what about their loved ones who are put at risk?

The unfortunate thing is that what these individuals see as “wealth” is not much in real terms, particularly if they have no sure means of sustaining the income. Many celebrities have flaunted wealth only to turn beggars a few years down the road.

We advise anyone who feels he or she has arrived materially to apply common sense. They should save for the rainy day which is sure to come. They should acquire financial education and invest wisely to secure their future. They should borrow a leaf from accomplished, genuinely wealthy industrialists like Aliko Dangote, Cosmas Maduka, Folorunsho Alakija and others who live humble lifestyles despite their enormous wealth.

It is unfortunate that our law enforcement agencies, especially the Economic and Financial Crimes Commission, EFCC; the federal and state tax agencies and others, are not doing enough to clamp down on people who display wealth, verify their sources and tax them appropriately.

These agencies must wake up and act. Adequate taxation and moderation of the excesses of citizens are parts of the functions of governance. These wealth advertisers portray the moral rot in society. They unwittingly send the wrong signals, especially to fellow youth to pursue material wealth by all means, thus worsening the crime rates in society.

Those who have actually made it and want to benefit the less privileged ones should emulate singer, David Adeleke (Davido), who once raised N200 million and added N50 million from his pocket which he donated to orphanages around the country.

Let there be sanity.

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