King Sunny Ade’s “Sunny On Sunday” event to celebrate his birthday featured the auction of the iconic musician’s guitar.
After the bid opened at N9million, it was eventually won by 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.