Nigerian Business Mogul Bought King Sunny Ade’s Guitar For N52.1million

Nigerian Business Mogul Bought King Sunny Ade’s Guitar For N52.1million

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Nigerian veteran musician, King Sunny Ade who just turned 70years celebrated his birthday in his themed “Sunny On Sunday” event featuring the auction of his iconic music guitar.
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The bid opened at N9million, and it was eventually won by a Nigerian business mogul, Tunde Folawiyo, the son of late Nigerian businessman, Wahab Folawiyo.

According to Forbes, Tunde Folawiyo is the managing director of the Yinka Folawiyo Group, a conglomerate with interests in energy, agriculture, shipping, real estate and engineering.

His father, Wahab Folawiyo, a well-known Nigerian businessman and Islamic leader, started the group in 1957 as a commodities trading outfit and served as chairman until 2008 when he passed away.

Folawiyo now calls the shots. The company’s oil exploration firm, Yinka Folawiyo Petroleum, owns a 60% interest in an oil block that contains the Aje offshore field.

Source: The Herald