March 30, 2023

How I lost N500m to non-smoking nightclub business — Comedian AY

How I lost N500m to non-smoking nightclub business — Comedian AY

Nigerian comedian, Ayodeji Makun, popularly known as AY, has disclosed how he lost N500 million to a non-smoking nightclub business.

AY said the nightclub business crashed after investing N500 million into it.

The famous comedian made the disclosure in a recent interview with media personality, Chude Jideonwo.

AY revealed that his wife had opposed the business idea but he failed to heed.

He said: “I woke up one day and I said to myself, ‘it’s time to open a nightclub’, ‘AY, if you can gather 6,000 people at Eko Hotel, what’s in a club that you can’t just gather 100 to 200 people buying drinks

“I think God just wanted me to know that ‘this one is not your calling’, ‘you are the one calling yourself’.

“It is good to have the right partner, my wife was strongly against it. I said, ‘No, it is good for networking and PR’. Shout out to all the guys who are doing it and getting it right.

“But I thought then that when I come, I am just going take all of them out of the market. It was a huge investment running to about N500 million.

“We put everything in place, the staff strength was solid, the interior was crazy and I will go there every Friday, I will look at the door and I am not seeing people coming.

“The opening was grand and massive. I started with a non-smoking club; I didn’t know that all these things go together.

“The wise ones will call me, and I will tell them that sometimes when I take my wife to the club when we get back her hair will be smelling of smoke, and women should have their wigs neat’. Long story short, I saw my ‘period’, it was very bad,” AY disclosed.