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Parading 10 Richest Nigerian Comedians

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Duncan Mighty

Duncan Mighty

The stand up comedians
dominating Nigeria’s humour business landscape are funny quite alright on stage, but very serious in business with assets running into billions of naira, they are light years apart from the crops of old comedians who waite on people for meager rations of life.
After a careful study of the careers of the these successful comedians, investigations have shown that a number of them are outstanding. Here are the top 10 in this branch of entertainment, in terms of their assets, the money they charge per show, the various products or corporate endorsements they did and their established brands from which they earn steady income.
(1) Alibaba:
With over 30 years of performing on stage and hosting events for almost all Nigeria’s former Presidents, Ali Baba sits at the apex. Even former President Olusegun Obasanjo once jokingly accused him of being over paid for his performance. His Lekki Mansion where he lives is said to be worth more than N300 million.
Alibaba makes his money through a chain of businesses in Lagos as a reputed motivational speaker, a professional comedian patronized by almost all the big brands and political bigwigs in the country. His net worth is estimated to be over N3 billion. It is estimated that he performs in a minimum of two events weekly at an average rate of 4 to 4. 5 million naira per event. That would add up to about 400 million naira per annum!
(2) Basket Mouth
He has been associated with many companies, signing different endorsement contracts in the last six years. He also has an impressive list of branding deals with Amstel Malta, Globacom Limited and a host of others. including his sold out shows in South Africa, London and America and on his Basket Mouth uncensored platform. He has been consistent since he came into limelight.
His assets are estimated to be worth 2 billion naira. His annual income may be in excess N192 million, while endorsement deals run into over 120 million annually. His international show Basket Mouth uncensored rakes in an estimated N100 million. He makes over N360 million annually.
(3) I  Go Dye
United  Nation’s Mille Development Goal Ambassador, Amb. Francis Agoda, fondly called “I Go Dye” is the C.E.O. of Revamp Construction Company, a property, real estate and road construction company. An estimate of his annual income stands between 300 and 500 million naira while his net worth is valued at over 2 billion naira.
With properties in choice areas across Nigeria and fleet of luxury cars, he is the man to beat. He also has a special performing relationship with almost all the governors in the country. His business empire is increasing  everyday. Presently, he is constructing a bottle water company, Franstel natural bottle water.
(5) Julius Agwu
He made over N20 million alone from the launch of his book when he turned 40. He has properties scattered all over the country, a state-of-the art audio and video studio, and more political affiliates than any other comedian.
For over a decade now, Julius Agwu has been organizing two events, ‘Crack Ya Ribs and “Laugh for Christ Sake”.
He is reputed to own properties in 3 states in Nigeria and is also the C.E.O of Real Laugh Entertainment Company which is an event management firm. His performance fee is between 2 and 3 million naira per event.
His annual take home is estimated at N180 million, while his personally organized events are estimated to be about N140 million annually, His net worth is valued to be N1.5 billion.
(5)  A.Y. (Layo Makun)
Since his foray into this money-making business, he has risen faster than anticipated with a performance fee that is between N1 and 2 million per event, while his A.Y Live events organized annually rakes in N160 million. He is said to be earning N280 million annually. His net worth is put at N800 million. He is also working on his MVP club and also runs an event company. His movie 30 days in Atlanda, is a block” buster movie that rakes in millions.
He also has fleet of expensive cars and properties at Lekki area of Lagos.
(6) Gbenga Adeyinka
No comedian anchors more events than him presently. He is constantly busy and a top choice for politicians. He has properties and several business interests, besides his Laffmattaz, which is always a sold out show with over 5000 people in attendance every year.
(7) Okey Bakasi
He anchors upscale events steadily and must have made huge money from politics as senior special assistant on entertainment in Imo State and Canada.
(8) Tee-A
A highly gifted wedding MC. He has equipment and an events company. He anchors many high level events and also does private businesses.
(9) Bovi
He has made a lot of money lately from events, adverts and  tours. He is probably the hottest kid in the scene right now.
(10) Yaw
Yaw is into the big league with a choice property in Lagos. He also makes  money from MTN adverts, radio presentations, radio hypes, anchoring events, equipment leasing and other businesses.

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Movie Production: Filmmaker Decries Activities Of Street Urchins In Lagos

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A Nollywood film producer,Mr Ralph Nwadike, says activities of street urchins in Lagos State remain a great concern to film makers, as they disrupt film production on locations.
Nwadike said this while speaking with the The Tide source yesterday, in Lagos.
He said that street urchins often demanded to be paid land fee (Owole), before any film production would commence.
According to Nwadike, this had become a thing of great concern to him and his colleagues in the industry.
He, however, suggested that the Lagos State government could empower registered film makers with some form of documentation to be presented to street urchins while on location.
Nwadike said such documentation would deter the street urchins and enable hitch-free movie production.
It is not only me, a number of my colleagues who are film makers in Lagos State experience disturbance from these street urchins.
“This has always discouraged most film makers in Lagos.
“These street urchins usually impose some amount of money on us to pay, if not, they threaten to destroy our cameras. They are always armed with knives and other harmful objects.
“They threaten to attack us viciously, this is so scary and it is affecting the tourism industry growth.
“I call on the Lagos State Ministry of Tourism, Arts and Culture, and the Lagos state Film and Video Censors Board to wade into this issue because it is really affecting film makers’ business in Lagos.
“It is a sad development. Filmmakers should be given some documentation, which would enable us operate freely without being interrupted or disturbed by these so called street urchins,” Nwadike said.

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Lagos Assures Tourism Investors Of Taxes Harmonisation

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Special Adviser on Tourism, Arts and Culture to Governor Babajide Sanwo-Olu of Lagos State, Mr Solomon Bonu, has assured investors in the tourism, arts and culture industries of taxes harmonisation.
Bonu gave the assurance on the side-lines of the commemoration of the World Tourism Day on Tuesday in Lagos.
The event was jointly organised by the Lagos State Government and the Federation of Tourism Associations of Nigeria.
Bonu said the Gov. Sanwo-Olu was currently working on how the numerous taxes tourism investors paid could be streamlined for their businesses to thrive.
“We are aware that so many investors have been complaining about multiple taxation. The governor is currently working on that to see how the taxes can be harmonised.
“There is a lot of hope for investors and we are also doing this to woo more investors into the state to take the tourism industry to an enviable height.
“We are aware of the enormous benefits the state and individuals in the state can derive from the growth of tourism; it is an industry with inexhaustible opportunities,’’ he said.
The aide urged Nigerians to critically evaluate this year’s theme of the World Tourism Day and embrace the industry for wealth creation.
Bonu advised individuals to be creative while exploring the different value chains in the industry to create employment opportunities.
According to him, Nigerian youths need not wait for government at different levels to create jobs.
“Lagos State has invested a lot in the growth of tourism to enable people to latch onto the opportunities in the industry.
“Individuals can invest in the food aspect, hotel, culture, transportation and more; the opportunities are enormous and tourism is all about inclusiveness.
“Government, whose responsibility is to create the enabling environment for businesses to thrive, is doing a lot on that.
“Recently, the Lagos State tourism master plan was launched; this will guide those who want to embrace the industry in areas to invest in,’’ he said.
The Tide source reports that the theme of the 2021 World Tourism Day is: “Tourism and Inclusive Growth’’.

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D’banj Releases New Album, Stress Free

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Nigerian pop star, Dapo Oyebanjo, popularly known as “D’banj”, has released a new album titled, Stress Free.
The album came following his four-year break from the music scene and its release coincided with Nigeria’s 61st Independence Anniversary.
The “Koko Master” in a statement disclosed that he collaborated with Seun Kuti on the project to tint it with Afrobeats innovation mode.
“While embodying a successful career, “Stress Free” shows a polished artist who is not only experimenting but having fun, along with slick production values, featuring the spectacular skills of music producer Rexxie.
“I went back to legacy which is why I got Egypt 80, led by Seun Kuti, on all seven tracks and then eased into a realm of zero anxiety after the turbulent period that the world has been through.
“We had a lot of fun in the studio and hopefully this all shows up on the record,” he said.
In “Stress Free,” he  slipped into Afrobeats innovation mode, visible in the multi-layered fusion of horns, saxophones and futuristic synths across tracks.
“The Egypt 80 brings the horns on the Afrobeat fusion, “Zombie,”, and the Afro-meringue mix of ‘Welcome To Lagos’ as well as the free-wheeling “Stress Free” and “Banga.”
“Ikebe” is a gentle, uplifting prayer while “Big Vibe” incorporates the Amapiano sound into a pan-continental dance special and “Avocado” featuring Burna Boy leads you into a glorious sense of Afrobeats utopia,” he added.
The News Agency of Nigeria (NAN) reports that the video, directed by Clarence Peters, is pure entertainment, complete with D’Banj’s tongue in cheek lyrics, stylish fashion and indomitable swagger.
The Tide recalls that the artiste had in 2017 released an album titled, “King Don Come.”

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