Nigerian University dropout becomes a millionaire after using his student loan to start stock trading & now earns £30,000 on a bad month

Elijah Oyefeso, 21, trades on the stock market for just one hour a day to earn his income. Elijah, from Camberwell, south London, who likes to show his wealth on Instagram (inset) now lives in a £5,000 flat, buys expensive cars like the £150,000 Lamborghini he had sprayed gold (left), and likes to buy watches including a £21,000 Cartier watch that he's worn twice. Read full story after the cut...

He said: 'If you work hard you don't need to look at the price tag, you just get it.'

Elijah claims he bought his first Mercedes aged 18 but soon faced jealousy from his peers in the south London neighbourhood after his success.

He said: 'They've come from the same area and they're still in the same area and went to school in the same area.

'My mum came from west Africa and came with probably £100 in her pocket.'

Elijah went to the University of Buckingham to study business management but put his student loan to good use. 

He said: 'I used my student loan during university and I thought "I could actually do this".

Elijah dropped out of university and started investing in the stock market with the cash sum. Within nine months, he claimed he was making tens of thousands of pounds.

He claims his income on a 'bad month' will be between £20,000 and £30,000 but added: 'On a good month, I don't think I can tell you that.'

Elijah, who featured in Channel 4's Rich Kids Go Shopping on Channel 4, was filmed as he traded online, making £1,000 in just 15 minutes.

'I've been trading for three years, I know when to stop,' he said. 

The most he's lost in one go is nearly £10,000. 'When you lose it, you get back up. If you lose 12 times, you get back up 12 times.

'You want to leave a name when you're gone. Think about JP Morgan, the assets are worth 2.6 trillion. So that's a lot.'

Elijah, who listens to classical music while trading, said: 'There's a saying, you are who you chill with. I chill with people who have half a million in the bank.

'Earning £20 to £30,000 a month, in my world that's not good. It motivates you to do more.'

Elijah pays £5,000 a month on his flat in Kensington, a stone's throw from department store Harrods.

His main expense is cars and when he was aged 20, he made sure he, literally, had one of London's flashiest cars by paying £150,000 on a Lambourghini and painting it gold.

He said: 'When you're little you've got your ideal car, you've got your dream car. Some kids are like "I want to get a Bugatti, I want to get a Ferrari".

'Some people are like "yeah yeah." But I got it.' That was my dream, I worked for it, I got it.'

But Elijah made headlines in July when his Lamborghini crashed into his own £60,000 Bentley, with the repair work costing £55,000 on the Lamborghini.

He was left unfazed by it: 'But that's life, money comes and goes regardless.'

Elijah also has a collection of expensive watches, ranging from a Rolex to a Cartier watch costing £21,000 which he has only worn a couple of times.  

But he loves his watch collection, he said: 'You've got to treat them like princesses.'

He's even given them names, calling one watch Michelle and another Aaliyah after the singer.

Now that he is comfortably wealthy, Elijah has decided to do something for someone else - he's building a house in Africa for his mother.

He said: 'It's a surprise I haven't told her yet.'

Credit: Uk Daily Mirror