Ali Baba Reveals How Popular Musician Spent N1.5 billion On Maybach, Jewelry [Video]

Nigerian comedian, Ali Baba has shared how a well-known musician splurged over N1.5 billion on luxury items.

During an interview on the Eden Oasis Realty podcast, Ali Baba revealed that the artist, whose name he kept private, performed in Dubai and earned nearly N400 million.

The comedian said that the musician also performed at another international event where he was paid N500 million.

However, instead of making sound investments, the musician spent the money on two cars including a Maybach, jewelry, and an extravagant shopping spree.

Ali Baba said that within just two months, the artist had spent more than N1.5 billion which he could have used to do something meaningful.

Ali Baba emphasized that the musician could have made wiser choices by investing in land, building a recording studio for other artists, or even constructing an event center, which could have generated long-term revenue.

The comedian emphasized how the artist, who recently got married, had to rent a hall for the occasion when he could have easily built his own venue.

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.

“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.”

Ali Baba also used the example of singer Asake, suggesting that if Asake asked for a N1 billion loan to organize a concert in London, banks would hesitate because they don’t see the immediate profit.

However, a car dealer requesting a loan to import vehicles would get approval, despite the fact that the cars might not sell for months.

He added, “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”.

Watch the video below:

KanyiDaily recalls that Ali Baba recently tackled a man who listed the importance of marrying a virgin on social media.