Ali Baba exposes ‘popular singer’ who lavished N1.5bn instead of investing it

Ali Baba exposes ‘popular singer’ who lavished N1.5bn instead of investing it

Renowned Nigerian comedian Ali Baba has shed light on the extravagant spending habits of a well-known musician, who reportedly blew over N1.5 billion on a lavish lifestyle.

This revelation was made during a recent episode of the Eden Oasis Realty podcast, where Ali Baba discussed the artist’s excessive spending following major performances.

According to Ali Baba, the musician earned N400 million for a show in Dubai and an additional N500 million for another international performance.

However, instead of making wise investments, the artist splurged on a Maybach, another luxury vehicle, expensive jewelry, and an extravagant shopping spree.

Ali Baba highlighted that within less than two months, the musician had spent over N1.5 billion. He voiced his disappointment, suggesting that the artist could have explored various investment opportunities, such as acquiring land, building a recording studio, or even constructing an event center to ensure long-term income.

“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”.