Davido lied about buying a private jet – Capital NG

DMW Boss, Davido who disclosed last week on social media that he was about to become a private jet owner has just been called out by a a Nigerian media outlet.



Davido had earlier disclosed that the said jet would be arriving Nigeria in some weeks time but in the coming weeks but it appears that may be far from the truth.

TheCapital reports that Davido didn’t buy any private jet.

According to The Capital, ‘ what Davido went on air to announce is actually “fractional ownership” in which his financial commitment in the arrangement is meagre while the major financiers have chosen to play down their involvement to give Davido conceded prominence.’

The report further stated that the arrangement of conceding prominence to Davido in the private jet ownership was made to make Davido very bankable in the showbiz industry. It was structured “to present Davido as a viable brand with a view to cornering lucrative deals from multinational businesses, countries and other foreign entities.”

It was also stated that those who spinned the Davido jet ownership narrative agreed on a sharing formula with the singer, such that they are entitled to a share of the inflow. The report has it that plan is for the jet to attend to Davido’s peripatetic needs and those of others in need of it, upon its delivery.