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‘7 Private Jets, 92 G-wagons’ — What Otedola could have done with historic donation to IDPs

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A few days after his 57th birthday, Femi Otedola, Nigerian multibillionaire and businessman, made history by donating N5 billion for the care of children facing extreme challenges as a result of Boko Haram insurgency in the northeast. 
According to Vice-President Yemi Osinbajo, this is the largest donation to charity by a single individual in the nation’s history.
The donation was made to Save the Children, the 100-year United Kingdom-based charity, to support its intervention in about 16 states of the federation where the Charity organisation operates in Nigeria, reaching over 23 million children across the country.
Without running a foundation, Otedola is making a strong statement as one of the country’s biggest donors to worthy causes.
His second-biggest donation is his commitment to building and donating a faculty of engineering valued at N2 billion to the Augustine University in his hometown, Epe, Lagos state.
TheCable takes a look at what Otedola could have done with his N5 billion donation — if he was following in the footsteps of an average billionaire.

A LIFETIME OF CHAMPAGNE

How many bottles of Hennessy do you need to buy in a lifetime? 250,000? At one Hennessy per day, Otedola could have used the same money to by at least 684 years of champagne. 684 years is how many lifetimes?
While donating $50,000 to former Super Eagles Coach, Christian Chukwu, Otedola said: “In my circle of friends, many people spend up to N50 million to drink champagne and generally ‘enjoy’ life, but at the end of it all what happens? It passes out of their body as waste. For me therefore (and I also tell my friends) it is important to use such money to benefit others and put a smile on the faces of as many people as we can.”
If Otedola was to follow his friends, he would still need to host at least 100 lavish parties to spend N5billion on champagne. Therefore, this donation can also be seen as forfeiting 100 lavish parties.

7 Vintage Yachts

According to Boat Internationational, it cost about N255,000,000 to buy a 1976 Ocean Romance Yacht off its vintage collection. With N5 billion, Otedola could have easily bought about 19 of these yachts. But most vintage yachts do not come in as many pairs. So most billionaires have to diversify their collections by buying different brands.
With N5 billion, the Nigerian businessman can buy at least seven of some of the finest yachts in the collection.

92 Mercedes G-Wagon (2019 Edition)

The 2019 G-Wagon
The 2019 Mercedes G-Class is the rave in town by some of the richest in Nigeria. It cost between $125,000 to $150,000. With N5 billion at your disposal, you can buy 92 units of this luxury vehicle, and perhaps have some change — depending on the model you settle for.
Think of this as a luxurious car business in a Benz-crazed Nigeria, but Otedola will decide that it was better to use these billions for the struggling in society, than serve to the orders of his class of rich businessmen in Nigeria.

7 PRIVATE JETS AND OTHER LUXURIES

New Cirrus Vision Jet
In 2017, a famous bank chairman in Nigeria quit his active role in the bank to start a private jet business, which he considered his next challenge. Despite the initial clampdown under President Muhammadu Buhari on some of these luxury items, the business is expected to boast of a good number of jets and so heavy cash flow.
To attempt this business with N5 billion is also a possible way for Otedola to spend his money. Brand new Cirrus Vision Jet costs about N723 million. With N5 billion, Otedola could easily buy seven of these jets.
As a businessman in real estate, the former Forte Oil chairman could easily buy luxury apartments in any part of world, including one of the world’s most expensive cities, New York.
The same money could also buy 39 units of 2019 Rolls Royce, regarded as some of the most expensive luxury cars in the world today. It would be easy to become friends with Elon Musk, the billionaire Tesla CEO, by simply buying 395 units of fully electric 2019 Tesla Model 3, which costs a little over N12 million per unit.
Philanthropy makes up two percent of the United States gross democratic product (GDP). According to Bill Gates, this covers for what the government cannot do, and what the private sector is also not doing. He says philanthropy is important to the US economy.
For Nigeria, it remains unknown, how much of the GDP is made up of charitable donations, but with the likes of Otedola in the space, the numbers are definitely growing, and may soon be well-studied and measured in GDP reports.

Entertainment

Mr Eazi proposes to Temi Otedola!

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For what seemed like a long while, celebrity power couple—Mr Eazi and Temi Otedola—are finally engaged as Oluwatosin Ajibade better known as Mr Eazi pops the heartwarming “Will you be my wife?” question to his girlfriend of 2 years Temiloluwa Otedola and she responded favourably in the affirmative “Yes” tone.

Fashion mogul and Icon Temi Otedola began dating artiste and music label CEO Mr Eazi in the year 2020 and have been living together ever since in their London apartment, sharing intimate moments, even meeting respective family members. This they’ve both shared in detail on their How Far? With Mr Eazi And Temi Otedola podcast.

Temi announced her engagement by posting the sea-side proposal of Mr Eazi on one knee asking the important question. The video goes by the simple caption of the infinity logo connoting they’re both locked in for life.

Congratulations to Temi Otedola and Mr Eazi!

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Nicki Minaj agrees “Essence” should be song of the year at the Grammys

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American superstar rapper, Nicki Minaj, shares the same sentiments as myriads of Wizkid fans and well-wishers worldwide, in that she concurs to the argument the trendsetting crossover record-breaking single from Wizkid’s 2020 released “Made In Lagos” album, Essence should be in the conversation for the coveted “Record of the Year” plaque at this year’s Grammy Awards.

Although “Essence” did not receive the much desired nomination in the category for “Record of the Year” at the 2022 Grammy Awards, it did get a nod for Best Global Music Performance, the first of its kind.

Irrespective of the snub, Nicki whilie on Joe Budden TV (YouTube) as a guest on the special episode tagged A Conversation With Nicki Minaj & Joe Budden agreed with the host (Joe Budden) when he said “We need people on the Grammy board that know that “Essence” was song of the year” with an exclamatory “Right! Right!” response. She even proffered, “We should have our own Grammy Board“, in support of many and the popular believe that Black Americans or black artistes in general are always stereotyped to a particular category at the award show, if indeed they made it to the top categories, they barely win; Nicki Minaj does not have a Grammy Award herself and that is still a shock to many, especially when considering her refined catalogue of music.

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Pheelz & Buju (BNXN) live the carefree lifestyle on “Finesse”

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After much teasing, the anticipated Finesse by Pheelz and Buju (now BNXN) hit DSPs across the globe and just like the teaser gave off, Finesse is a banger! It is produced by young producer under Pheelz’s wing known as Miichkel.

On Finesse, Pheelz and Buju live their life to the fullest, the carefree lifestyle is what they desire and they are determined to stay on that track for the time being. “I’ve been living the fast life but I see it in slow mo / And you see my lifestyle, I got Gs in the turbo / . . . / Bad girl sey she want Netflix & Chill / So I ja ticket give her warning / If you fall in love, girls it’s certain / You go chop breakfast, I’m not capping“, Pheelz explains on the first verse, even saying love and relationship cannot stop him from living the ‘ballers’ lifestyle; “I’d be dammed if there’s anybody that could be like me / I be like Mo’ Salah, coming up the right wing / I cut through your defender, you no need to tell me / I must finesse / And you know sey me I must net“, Buju braggingly adds on the second verse, saying he can score any chick that catches his eye and dish her the next minute.

listen to the popular joyous chorus “Ah finesse / If I broke na my business / Ama shana e go bright o / Folake for the nighr ohere or on Apple Music.:

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