Davido Sued By Car Dealer Over N7.4Million Debt Scandal, Singer Owes N7.4M On Mercedes Benz

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davido debt scandal

April 7, 2017 – Davido Owes N7.4Million Debt On Mercedes-Benz GLE 450 He Bought This Years As Car Dealer Accused Him Of Issuing A Dud Cheque Which Bounced Back

Davido Sued By Car Dealer Over N7.4Million Debt Scandal, Singer Owes N7.4M On Mercedes Benz GLE 450

The controversial singer who lavished 1.6 million Naira at a Gucci store in South Africa recently has been unveiled as a confirmed “Onigbese”.

The OBO star is in a big debt scandal months after he acquired an expensive ride from a Lagos based car dealer.

According to documents the car dealer in question, one Anekwu Chika Valentine gave to Sahara Reporter, Davido is owing the total sum of 7.4 million naira balance on the Mercedes Benz GLE 450 he bought earlier this year.

Davido was said to have issued two cheques of 10million and another 1.4million however, the 1.4M cheque was rejected by Zenith Bank over insufficient fund in Davido’s bank account.

The auto dealer said the dishonored cheque was meant to pay part of the 7.4million Davido owe on his GLE 450.

davido sued by car dealer

Mr Chika Valentine, the CEO of Prestige Autonet Ltd has hired a Lagos-based law firm to help recover his money from Davido.

The expensive wonder on wheels Davido acquired in February 2017 reportedly costs a whopping N22million.

Here are some documents Mr Valentine sent to Sahara.

This is the dishonored cheque Davido gave him.

Authorization Letter Mr Valentine gave to Lagos-based Law firm, W.K Shittu for the recovery of his debt.

This young man should emulate the life of his father, Dr Deji Adeleke who used his hard-earned money to invest in schools and businesses across the country.

Davido doesn’t have a foundation neither does he have a business.

However, OBO has a lot of designer wears he regularly flaunts on the social media.