The Chief Executive Officer and co-founder of iROKOtv, Jason Chukwuma Njoku, has revealed how himself and wife-cum-business partner, Mary Njoku, spent the early years of their lives as entrepreneurs at the boys’ quarters of their office building despite having $3million (about N1,164,000,000) in their bank account.
Njoku, who narrated his success story in a tweet on Tuesday, said they spent the $3million within 5 months buying content for their on-demand movie streaming platform.
He said, “Still today, it makes no sense, but we did it. We slept on a mattress in the office with $3m in the bank (which we spent in 5 months buying content).”
iROKOtv, which is Njoku’s 11 attempt at owning a company, has grown to be a multi-billion company and one of the country’s most popular web platform that provides paid-for Nigerian films online.
The company, which has raised over $25 million of investment, is one of Africa’s first movie streaming websites, giving instant access to over 5,000 Nollywood films.
Njoku believed that squatting in the office was a way to minimize cost while growing the company.
On his wife who is also a co-founder, Njoku said, she never had her own apartment right from time and had lived with her parents even when she became a popular actress.
He said, “As ‘Nollywood star’ that some knew she shared a room and bed with her late sister in her parents’ home. She has only ever lived with 2 people, her parents and me. That’s it. “
According to him, it made staying with him in a BQ normal and was, ” never a debate.”
On how they moved out of the BQ, Njoku said, “She just woke up one day and decided to get an apartment and we did. Left to me, I was fine right there.”
He added, “Money changes people. Anyone who has known me before and after the money knows I have not changed one bit. I optimise for happiness. So I have my own compass and follow that path. So far so good.”
May Allah continue to straighten you.Even though many are yet to know the bank operations.You need more awareness pls