In an explosive revelation that has sparked widespread attention, popular car dealer IVD has accused Nigerian music superstar, Davido, of failing to settle a substantial debt on a vehicle purchased for Isreal DMW, the singer’s aide. The claim centers around a N6.5 million 2009 Toyota Venza that IVD says was bought for Isreal DMW, with Davido making only a partial payment of N1 million. According to IVD, the outstanding balance now stands at a staggering N5.5 million.
The allegation, which has surfaced months after an initial back-and-forth between IVD and prominent figure Blessing CEO, has cast a shadow over the singer’s financial dealings. Blessing CEO had previously called out Davido for what she described as a failure to settle the debt on the car, a claim that was vehemently denied by IVD at the time. However, in a shocking about-face, IVD has reversed his earlier position, claiming in a viral audio message that Davido’s payments have been far from sufficient.
IVD, who runs IVD Motors, a popular car dealership in Lagos, shared the details of the transaction in the now-viral audio clip. He revealed that while Davido initially made a payment of N1 million for the vehicle, the remaining N5.5 million has yet to be paid. “He only paid N1 million, and for months, I’ve been trying to reach out to him to complete the payment, but he keeps asking me to send my account details. Each time I send my account number, the money never comes through,” IVD said, his frustration evident in his tone.
The accusations have reignited public debate about financial transparency and responsibility within the Nigerian entertainment industry. IVD’s latest statement paints a picture of a business transaction gone wrong, with the car dealer alleging that despite multiple attempts to get Davido to honor his commitment, there has been no resolution.
In his audio message, IVD explained that the initial deal was intended to support Isreal DMW, who has been a loyal assistant to Davido for years. According to IVD, the car, which was a 2009 Toyota Venza, was chosen with Isreal in mind. “Isreal needed the car, and Davido promised to handle the payment. He made an initial payment of N1 million, but that’s where it ended. The balance has been pending for too long,” IVD added.
The car dealer went on to describe how the transaction had been handled initially. He revealed that after Blessing CEO’s initial claims about the debt, he had reached out to Davido to clear the air. At that time, IVD had publicly stated that Davido had cleared the balance on the vehicle and apologized for not updating Blessing CEO about the payment. However, in his latest confession, IVD has distanced himself from that earlier statement. “I made a mistake when I said everything was settled. Now, the truth is out,” he said, adding that the failure to receive full payment was causing significant distress to his business operations.
The timeline of events has only complicated matters. Initially, IVD had firmly rejected Blessing CEO’s allegations that Davido had failed to honor his financial commitment. The social media influencer, known for her outspoken views, had called out the music star for failing to clear the balance on the car, claiming that it had been a long time since the purchase. At that point, IVD denied the claims, assuring the public that the full payment had been made and the matter was resolved.
However, months later, the situation has taken a new turn. In his viral audio message, IVD explained that he had repeatedly tried to reach out to Davido over the phone, only to be met with promises of payment that never materialized. “I’ve tried everything: sending account details, calling him, messaging him, but nothing happens. This has gone on for too long,” he said.
When questioned about why it took so long for him to speak out about the remaining balance, IVD admitted that he had initially hoped the issue would resolve itself. “I didn’t want to go public with this, but I’ve been patient enough. I feel this needs to be addressed,” he stated.
This saga has now raised questions about the financial integrity of some of Nigeria’s biggest celebrities. Davido, known for his lavish lifestyle and successful career in the music industry, has yet to publicly comment on the accusations made by IVD. His silence on the matter has only fueled speculation about his commitment to settling debts and honoring financial agreements.
Some fans have expressed support for IVD, calling on Davido to settle the debt and restore trust between the two parties. Others, however, have defended the singer, suggesting that there may be misunderstandings or financial constraints that have prevented him from fulfilling his commitment.
Financial dealings between celebrities and businesses in Nigeria have often been a source of controversy, with numerous instances of debt disputes making headlines. While some celebrities maintain a reputation for financial reliability, others have found themselves caught in public battles over unpaid debts.
The public’s perception of Davido’s handling of this situation could have wider implications for his career, especially in the context of his standing as one of the most influential musicians in Africa. As the controversy continues to unfold, many are closely watching to see if the singer will address the allegations or if the matter will remain unresolved.
In the meantime, IVD has vowed to pursue the remaining debt through legal means if necessary. “I will do whatever it takes to get what’s owed to me. This is a business, and I can’t let it slide,” he concluded.
