The DSS has warned Nigerians against flaunting their wealth on social media.

The Directorate of State Services, DSS, has warned upwardly mobile individuals, particularly the youth, to avoid the growing fad of reckless display of material wealth in order to avoid attracting the attention of violent criminals, particularly kidnappers and armed robbers.

According to a security agency statement, it is common to see young people flaunting their fleet of flashy cars, newly completed and luxuriously furnished mansions, and raw cash to demonstrate that they have “blown” (made it).

According to the agency, some people get themselves conspicuously videoed spraying bundles of cash at ceremonies and then post it to social media for maximum exposure. Others request that members of the public drop their account numbers in order to receive financial assistance.

This fad, according to the agency, “makes no sense” at a time when crime is becoming more sophisticated and violent. These criminals, according to the security agency, are always on the lookout 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. ” the statement in part read

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