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Real estate is one of the leading forms of money laundering – Patrick Doyle alleges

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Veteran actor Patrick Doyle has raised concerns about the many empty estates in Abuja and Lekki, saying they are likely built with stolen money to store up the value.

During a recent interview on The Echooroom podcast, Doyle questioned why there are so many completed but unoccupied houses when many Nigerians struggle to find affordable homes. He then alleged that the empty, expensive homes were used for money laundering.

If you go to Abuja and Lekki, you will see many estates completed and uninhabited. If the price is too much, how come people are building and the houses remain unoccupied still? That should tell you something. It is funny. Why is it funny? Because real estate has become one of the leading forms of money laundering.

Doyle also mentioned reports of individuals owning thousands of apartments in one estate, claiming that such properties are not meant for living but for storing stolen wealth.

This is illegal money that is finding expression in the construction industry, constructing houses and real estate. It’s artificial, so I don’t understand those prices and it baffles me. It beats imagination and logic that we have so many empty completed building in a place where there’s a shortage of housing for people.

If you go to Abuja, you’d see that it’s crazy. That just tells you that people have used the money that has been stolen to build houses and store up the value in reel estate. Didn’t you hear about the man that had 7000 or so apartments in one estate in Abuja? They just store the value.

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ALSO READ: The Future of Real Estate In Nigeria: 5 Reasons to invest in off-plan properties today


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Entertainment

Omah Lay announces release date for his second album 'Clarity of Mind'

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Award-winning Afrobeats superstar Omah Lay is finally set to release his keenly awaited sophomore album titled ‘Clarity of Mind’.

The revelation was made via the Instagram handle of label Keyqaad who announced May 16, 2025, as the release date for the album which will be a follow-up to his acclaimed debut ‘Boy Alone’.

Ahead of his next album release, the singer has released the single ‘Holy Ghost’ which was among the most streamed songs on Apple Music Nigeria in 2024.

He also dropped the single ‘Moving’ in 2024 after making guest appearances on songs with rising star and fellow label mate Kaestyle and celebrated musician and DJ Spinall.

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Omah Lay’s upcoming album comes after he claimed he had to scrap an album because the sound was ripped off by an artist he loved and trusted.

In the interview on the Zang Sang Show, Omah Lay revealed that he was creating a new sound which he shared with a certain artist who then proceeded to put out an album with the new sound.

Omah Lay added that he decided to re-record a new album which he boasts will be the greatest in the history of Afrobeats.

Since impacting the mainstream with his EP ‘Get Layd’ in 2020, the singer has become one of the most acclaimed Nigerian musicians.

After winning the Headies Next Rated in 2021, Omah Lay has lived up to expectations with a steady release of hit singles that shows both his flowery writing, soulful music, and impressive genre fusion.

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With his upcoming album, the singer will be aiming to consolidate his place as one of the standout artists of the new generation of Afrobeats superstars.


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Asake, Ayra Starr among the headliners for 2025 Summer Jam Festival

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Nigerian superstars Asake and Ayra Starr have been named among the headliners for the Summer Jam 2025 conncert.

The music concert organised by HOT 97, New York’s premiere station for Hip Hop is bringing together again global music star for one of the most anticpated show of the summer.

Asake and Ayra Starr are part of the stars who will garce the stage of the Prudential Center in Newark, NJ on June 20, 2025.

This year’s stacked lineup includes A Boogie, Gunna, GloRilla, Muni Long, Asake, Ayra Starr, Ja Rule and Friends A Tribute to Irv Gotti with must-see performances from Kash Doll, Bobby Konders & Jabba ft. Masicka, Jim Jones & Friends, Cash Cobain, 41 (Kyle Rich, Jenn Carter, Tata), and more.

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Speaking on gthe concert, Shelby Joyner, Founder of SJ Presents and President of The Black Promoters Collective descrobes it as the pinnacle of Hip Hop culture.

“Summer Jam is the pinnacle of Hip Hop culture, and we’re honored to bring this electrifying experience to fans once again. This year’s lineup is a testament to the genre’s evolution, featuring both chart-topping superstars and rising talent who are shaping the future of Hip Hop”.

This is another headline summer concert for Asake who was recently unveiled as one of the stars for the Yardland Festival in France.

The Nigerian hitmaker will be headlining the festival in the company of other global stars, including American rapper Latto and Belgian rapper Hamza, and French hitmaker Tiakola.

Asake’s 2025 is off to an eventful start as he picked up his second nominations at the 67th Grammys.

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The hitmaker also recently secured 6 nominations, including Album of the Year and Song of the Year, at the upcoming 17th Headies where he will be aiming to win his second consecutive Album of the Year Prize at the ceremony slated for April 27th.


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₦50 Million and Counting: 'Labake Olododo' storms cinemas and tops the box office

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Iyabo Ojo’s Labake Olododo has taken the Nollywood scene by storm, topping the box office and quickly becoming the second-largest debut for 2025. 

In just its opening weekend, Labake Olododo amassed an impressive ₦50 million in box office revenue, marking an exciting milestone for the film and proving that audiences are more than ready for thrilling, captivating Nollywood stories.

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Iyabo Ojo is a renowned Nigerian actress, film producer, and entrepreneur, celebrated for her significant contributions to Nollywood.

With a career spanning over two decades, she is widely recognised for her powerful performances in both Yoruba and English-language films. 

If you love a well-rounded story that combines deep emotional layers with drama and a sprinkle of romance, this film is definitely for you.

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