Comedian, Ali Baba exposes singer who squandered N1.5bn instead of investing it

• In a recent episode of the Eden Oasis Realty podcast, Ali Baba revealed the musician’s excessive spending after major performances.

• Ali Baba reported that the musician was paid N400 million for a performance in Dubai and an additional N500 million for another international gig.

Renowned Nigerian comedian Ali Baba has brought to light the extravagant financial habits of a well-known musician who reportedly squandered over N1.5 billion on a lavish lifestyle.

This disclosure was made during a recent episode of the Eden Oasis Realty podcast, where Ali Baba detailed the musician’s excessive expenditures following significant performances.

As per Ali Baba’s account, the musician earned N400 million for a performance in Dubai and an additional N500 million for another international event.

Rather than pursuing prudent investments, the artist opted for a life of luxury, utilizing the substantial funds to acquire a Maybach, another high-end vehicle, costly jewelry, and engaging in extravagant shopping.

Ali Baba highlighted that within a span of less than two months, the musician had squandered over N1.5 billion. The comedian conveyed his dismay, noting the numerous investment avenues that could have been pursued, including acquiring land, establishing a recording studio, or even developing an event center capable of providing sustainable income.

Ali Baba discusses the singer’s extravagant expenditure of N1.5 billion.

“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.

“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 1.5 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 says, “I need a loan of 1 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, 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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