“How a musician lavished almost N1.5B shopping spree” – Ali Baba

• Ali Baba recounted how the musician, went to perform in Dubai and was paid N400 million.
• Ali Baba stated that in less than two months, the musician had spent over 1.5 billion.
• She noted how the musician could have invested the money

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Legendary Nigerian comedian Ali Baba has shared a story about a popular musician who spent an astonishing N1.5 billion on lavish expenses.

In an interview with Eden Oasis Realty podcast, Ali Baba recounted how the musician, whose identity he kept private, earned a substantial amount from performances in Dubai and another international event.

However, instead of investing the money wisely, the musician chose to splurge on a Maybach, jewelry, and a shopping spree. Ali Baba expressed his dismay at the musician’s choices, suggesting that he could have invested in more sustainable ventures, such as real estate or a music studio.

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.

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”.