An official statement is making the rounds online that reportedly reveals the amount of money Oando PLC pay Wizkid, Davido and Burna Boy to perform at the End of the year party.
Recall that in a previous post, Intel Region reported that Wizkid, Davido & Burna Boy turn heads as they perform at Oando end of the year party in Lagos.
Note that Oando PLC is one of the largest oil companies in Nigeria. It owned by oil magnate Adewale Tinubu, the nephew of president Bola Ahmed Tinubu. He is reportedly worth $1billion. On August 22, 2024, Oando PLC finalized the $783 million acquisition of Nigerian Agip Oil Company (NAOC) from Eni, the Italian energy giant, securing 100% ownership of NAOC’s shares.
Meanwhile in a latest official statement that surfaced online where the owner Adewale Tinubu allegedly signed, the amount they pay Wizkid, Davido and Burna Boy to perform at the company End of the year party reportedly surfaced.
According to the information, Wizkid that arrived yesterday was paid the sum of $11,000,000.00 which is approximately N17billion to perform for 45 minutes between 6:00PM to 6:45PM.
Burna Boy was reportedly paid the sum of $5,500,000.00 which is approximately N8.5billion to perform between 6:50PM and 7:45PM.
However, Davido was paid the sum of $700,000.00 which is approximately N1.1 billion to perform at the Oando PLC end of the year party.
The total artist budget according to Oando PLC is the sum of $17,200,000.00.
See the post below;
“END-OF-YEAR PARTY 2024
“ARTIST PAYMENT LIST AND PERFORMANCE DETAILS
“Event Details:
Date: 19th December 2024
“Location: Lagos, Nigeria)
“Purpose: Celebration of the 2024 achievements of Oando PLC with premium entertainment.
“Event Duration: 6:00 PM 9:00 PM (3 hours)
Artists and Parfornance Schedule
1.””WIZkid “Role:
Opening Act (Main)
“Performance Time: 6:00 PM-6:45 PM
“Payment Status:” [Paid/Unpaid]
“Payment Amount:** $11,000,000.00
2. “Buma Boy** “Role: Second Act (Main)
“Performance Time: 6.50 PM-7:45 PM
“Payment Amount:** $5,500,000.00
“Payment Status:” (Paid/Unpaid)
3. “Davido “Role: Closing Act
“Performance Time: 8:00 PM 9:00 PM
“Payment Amount $700.000.00
“Payment Status.” [Paid/Unpaid)
“Total Artist Budger Total Payment Amount: $17,200,000.00
Additional Notes:
1. This payment summary reflects performances at the Oando End-of-Year Party on 19th December 2024
1. All artists adhered to their allocated performance durations and entertained guests as per the agreed schedule
2. Payment transactions will be finalized as outlined in individual performance contracts and per Oando PLC’s financial protocols.
https:/Minktr.ee/cando.olc [email protected]
**Approved By: Adewale Tinubu [Dando PLC CEO [Signature]
[Date: 19th December 2024]
**Authorized By:
Management.”
Sharing the development, an X user identified as Dami Foreign wrote; “Omo, Wizkid was paid $11m to perform at the OandO End of year Party last night😳🦅🤯.”
See below;