Money rain: Davido builds N140m mansion as Iyanya buys N12m SUV

It’s big things popping for the new kids on the block.

A once poverty stricken industry has over the last decade transformed into a multi-million dollar interlinked enterprise.

There are still issues with infrastructure but that’s a topic for another day. For now we want to celebrate some of our Nigerian artistes who are having fortune beam huge smiles on them…

Pop singer David ‘Davido’ Adeleke for one has joined the millionaires’ club for months. And, after spending big on necklaces and cars, we’re told he has now acquired his first property – a mansion in Lekki Phase 1, Lagos. NET gathered this is where he will be calling his new home. The mansion is said to be worth up to N140m, the property’s value on the market – although we could not immediately confirm this.

Davido joins the likes of MAVIN Records producer Don Jazzy who in March reportedly ‘acquired’ a similar ‘super expensive’ house in NICON Estate, Lekki. Pop-highlife duo Bracket in July 2012 also relocated to an expensive duplex in the highbrow Bourdilon Court, in Lekki.  Pop star D’banj also has a home in Lekki.

And luck seems to be shining on Iyanya Mbuk too and he says he’s grateful for it. After the Project Fame West Africa season one winner moved into his newly acquired Lekki home in July 2012, he has now followed up with a befitting car – a Ranger Rover Sport SUV that he is reported to have bought for close to N12M. Iyanya himself released the pictures of the car. Yes, he’s beyond excited!

‘I’m thankful’, the R&B turned pop singer wrote as he put the picture up. Iyanya would be thankful to God for giving him the inspiration to write his crossover smash hit ‘Kukere’ which has been on the charts since its release in December 2011.

Iyanya and Davido are currently on the top 10 list, with patronage from promoters increasing by the day. And, as each day throws up a new star, we can’t wait to see who’s buying the next car, and moving into a new mansion. DammyKrane and Burna Boy – would that be you?!