Music Business

Obnoxious flashing of wealth? Linda Ikeji acquires 2016 Range Rover allegedly worth over $200,000

This week celebrity blogger Linda Ikeji made headlines when her brother revealed she traded her 2014 Range Rover for a 2016 version. Many blogs estimated the retail value of the luxury vehicle to be about $200,000 but a glimpse at carguru.com shows a retail value of about $120,000-$145,000.

Needless to say and as expected, social media was ablaze as a debate ensued on whether Ikeji was being obnoxious with constantly flashing her wealth. In October of 2015, Ikeji purchased a home in Banana Island, a residential area that is home to some of Nigeria’s billionaires. In August 2016, she followed up with a 22 room office space, and now closes the year with her 2016 Range Rover acquisition.

My take? I read something just the other day on Linkedin. It was a response from a person who was accused of flashing his luxurious vehicle. He was reminded that there are masses that could be fed with the amount he used to buy his vehicle. His response was that his purchase of the vehicle created employment for the employees of the car manufacturer who needed his money. It was a different perspective.

I believe people have a right to do whatever they please with their hard earned money. I do think it is prudent to not be flashy. In a country like Nigeria, armed robbery is very real and a common occurrence. Safety should be an important priority. Linda Ikeji should place safety, especially as a person living in Nigeria, over ostentatious display of her wealth. Then again it’s her money, she has said she loves to show off. Presumably, it means she has factored safety and other consequences that may result from such flashiness into the mix.

-Ms. Uduak

 

Africa Music Law™

AFRICA MUSIC LAW™ (AML) is a pioneering music business and entertainment law website, livestream and podcast show empowering the African artist and Africa's rapidly evolving entertainment industry through its brilliant music business and entertainment law commentary and analysis, industry news, and exclusive interviews.

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ABOUT THE FOUNDER

Credited for several firsts in the fashion and entertainment industry, Uduak Oduok (Ms. Uduak) is a fashion and entertainment lawyer, speaker, visionary, gamechanger, trailblazer, and recognized thought leader, for her work on Africa’s emerging global fashion and entertainment markets, and the niche practice of fashion law in the United States. She is also the founder of ‘Africa Music Law,’ an industry go-to music business and law blog and podcast show empowering African artists. Her work in the creative and legal industries has earned her numerous awards and recognitions, including an award from the American University Washington College of Law for her “legal impact in the field of intellectual property in Africa." She has also taught as an Adjunct Professor at several institutions in the United States. For more information, visit her at https://msuduak.com.

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