Findings: Davido is Not the Sole Owner of ‘His’ Private Jet

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David ‘Davido’ Adeleke may not be the only owner of the private jet he claims to have bought.

The owner of Davido Music Worldwide (DMW) had last week announced the purchase, eight days after he had acquired a Porsche as a birthday gift for his girlfriend, Chioma.

“Air OBO soon land. This one nah final. Bought already… It’s not soup it’s hard work and ambition,” the ‘Ada’ singer had said on social media.

According to the TheCapital, Davido’s stake in the private jet is actually a “fractional ownership”.

The report says Davido’s financial commitment in the arrangement is minimal while the major financiers have chosen to remain behind the scenes to give the singer “conceded prominence”.

The move is said to be part of a business strategy to increase Davido’s profitability in the entertainment industry.

The arrangement, the report says, is ultimately aimed at attracting lucrative deals from multinational businesses, countries and other foreign entities.

The major stakeholders in the arrangement are said to have agreed on a sharing percentage of the prospective deals.

According to the report, several wealthy Nigerians are on a membership plan where they pay “the approximate cost of a first-class airfare” to have a private jet at their disposal.

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Hi,my name is Obinna Nwala; Founder of Henzyworld.com,I am a Life Coach an IT and Relationship Expert with so much passion in adding positively to people's life and i love solving people's problem within my maximum capacity. From my experiences in life i have come to understand that most people suffer a lot of relationships and life problems which makes them frustrated but Henzyworld is a blog to get inspired where your problems will be solved and where you get latest gist around your environment.

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