Ace comedian Atunyota Alleluya Akpobome has exposed the extravagant spending habit of an unnamed Nigerian musician who spent the sum of N1.5 billion on a frivolous lifestyle.
Ali Baba, who featured in a recent episode of the Eden Oasis Realty podcast, said the musician in question was paid N400 million for a performance in Dubai, the United Arab Emirates (UAE), and an additional N500 million for another international concert.
He said the artiste spent large sums of money on expensive jewelry, a Maybach, and other luxury cars instead of making wise financial decisions.
The comedian expressed his disappointment and pointed out all the investment opportunities that could have been explored such as property, a recording studio, or an event venue with a steady revenue stream.
He said: “I told a musician, a very top musician, if he hears this he would know he is the one I am talking about. He went to play in Dubai; they paid him nearly N400 million; he went to play in another International event, and they paid him about N500 million.
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“The next thing, he has a Maybach, has another car, and goes on a spree with jewelry and all other things. And in less than two to six months, he has done about N1.5 billion.
“He would have bought land, done an event, and put a powerful studio upstairs. People will come there and shoot and do their music thing, and the venue will bring enough money to buy anything he wants to buy. Then it was time for him to get married, and he had to use a hall. But if he had built the hall, he wouldn’t have needed to spend the money for the hall.
“Asake wanted to do his concert in London. He applied to a bank and said, “I need a loan of N1 billion, I want to organize a concert in London. They wouldn’t give him because he is an Asake right?
“A car dealer goes to the bank and says, ‘he wants to import 12 cars,’ they would give him the money, he would bring the cars in and put it in the shop. He can’t sell them in one week. The cars will be in the shop for sometimes six months or one year, he still hasn’t sold some of those cars. Asake’s concert is one day, he will make two billion.”
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