The building, located off Tafawa Balewa Street, Surulere, Lagos, is a five-bedroom bungalow.
A close source told P.M.Express that Wizkid paid N56 million for the building, while he also spent close to N4 million to furnish the house.
According to the source, the whole transaction was perfected in April and it was Wizkid’s dad, Alhaji Balogun, who personally handled the negotiations and paid the money to the former owner of the building.
“They have little renovations to do in the building as the former owner, a top corporate executive, maintain the building very well. All they need to do is to re-coat the building and moved in,” the source said.
Wizkid’s parents and his siblings live in a rented apartment in Shitta Area of Surulere.
Wizkid had long promised in one of his songs, Jaiye Jaiye, off his sophomore album, ‘Ayo’ (Joy) that he will soon buy a house for his parents.
“Everything I am today I owe it to them! They gave me everything they had even when they had nothing! I can’t put words together to express how much I love u mom nd dad! I’ll always make u proud,” the 26-year old singer wrote on Instagram at a time.
Immediately fortune smiled on the singer, he was said to have been searching for a comfortable property to move his parents out of the densely populated Shitta. And he has finally actualised that promise.
The EME/StarBoi act is one of the richest contemporary artistes. Asides his earnings from records sales, he also smiles to the bank with sold out concerts.
The former Lead University student is also courted by many brands as he has many top notch endorsement deals fetching him tens of millions in naira.
For a long time, Wizkid has remained an ambassador in Nigeria for giant soft drink brand Pepsi. He was reported to have made cool N70 million from the deal alongside pop queen, Tiwa Savage.
The singer recently dumped his deal with top telecoms brand MTN for another mouth watering deal with rival Globacom. The endorsement deal, according to reports, is worth around N100 Million.
A lover of choice automobiles, Wizkid owns a fleet of cars and has been rumoured to be looking to buy a Lamborghini Prime X2 which is worth around N28 Million.
His garage is host to cars like the Porsche Panarema, a car he bought in 2013 but got involved in a car crash only to go ahead to go ahead to purchase just the same type the next month.
He owns a Hyundai Sonata worth around N6 Million, a BMW X6 worth N11 Million, a Mercedes 2012 Compressor worth around N9 Million, but the most expensive ride in his collection is his Bentley said to be worth around N45 Million.