Building Wealth in Nigeria Is Not What You Think It Is — Bankhead

He had 4 hours to empty a beach club with 5 swimming pools. The bulldozers were already working down the shore. He puts the loss at over ₦2 billion, and says compensation didn't cover 2% of it.

Ten years earlier, Uber's launch lead walked into his club and asked for 3,000 cars. There were no cars. Just an app on a Lenovo laptop. "I can make you t-shirts. I can make you face caps. I didn't think about equity."

Adewunmi Adebesin, better known as Bankhead, has spent 21 years in hospitality and entertainment. He was running Rehab at 20, turned Sunday into a party day with Grill at the Pent, and built Truth Beach Club. Now he's building FanVault, a subscription platform that pays African creators in their own currencies.

In this episode we get into the hostesses who made ₦10 million in 2 months reselling his wristbands, the ₦60,000 weekly yam bill for 9 tubers, why he runs nightlife like a cartel, the day he passed on signing Davido, and why he thinks a ₦200 subscription beats a million views.

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