GIST: EXPOSED! Davido Lied About Buying A Private Jet
Barely a week ago, the news that Davido bought a private jet was trending on social media platforms and the singer enjoyed the raved but it has been revealed now that Davido lied. According to The Capital, the pop star didn’t actually buy a private jet.
News outlet, The Capital reports that ‘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 the
singer appear very bankable in the showbiz industry. The deal 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 money once it starts to flow in. The
report has it that the plan is for the jet to attend to Davido’s
peripatetic needs and those of others in need of it, upon its delivery.
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