Renowned Nigerian comedian, Ali Baba, has exposed the extravagant spending habits of a popular musician who squandered over N1.5 billion on a frivolous lifestyle. During a recent episode of the Eden Oasis Realty podcast, Ali Baba shared that the musician earned N400 million for a performance in Dubai and N500 million for another international gig.
However, instead of making strategic investments, the artist indulged in luxurious purchases, including a Maybach, another luxury car, expensive jewelry, and a lavish shopping spree. Ali Baba expressed disappointment, pointing out that the musician could have explored various investment opportunities, such as purchasing land, building a recording studio, or constructing an event center that could generate long-term income. Shockingly, the musician had burned through over N1.5 billion in less than two months, highlighting the importance of financial discipline and responsible spending in the entertainment industry.
“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”.
