Nigerian musician Reekado Banks is putting his money into real estate! He recently shared a Snapchat video showing off a huge construction project: 16 mansions that he’s having built. Reekado even mentioned spending millions on these units, with the interesting perk of getting to choose his neighbours for all of them.
“Man copped all 16 units to decide his own neighbours,” he wrote in pidgin.
The clip below shows the mansions still under construction:
This isn’t the first case of a Nigerian music star making a splash in the real estate market. Just recently, fellow musician Phyno made headlines for buying a massive property – 20 units of a detached terrace building. The eye-watering price tag? A reported N1.4 billion. Real estate mogul Ned Okonkwo himself shared the news on his Instagram page, congratulating Phyno on his impressive new acquisition.
The trend of Nigerian celebrities investing in real estate keeps growing! Singer and entrepreneur Mr. Eazi recently joined the club. He shared a sneak peek on social media of his own multi-million naira estate in Rwanda, which is still under construction.
These investments by Reekado Banks, Phyno, and Mr. Eazi all point to a rising trend of Nigerian music stars looking to the property market.